No supercheque

Theere is no supercheque at the Treasury to be paid to CLICO policyholders now fighting to secure their returns, says Minister of Finance Chris Sinckler.
Responding yesterday to remarks by June Fowler, head of the Barbados Investors and Policyholders Alliance Inc. (BIPA), Sinckler said that while the policyholders had every right to pursue their cause, the matter had to be resolved within the “four corners of the law”.
Fowler had stated on Saturday that she would be taking the Government’s promise of resolution with “a pinch of salt”. Sinckler had said in Tuesday’s Budget delivery that a “firm proposal” was being put on the table regarding CLICO.   
Sinckler said yesterday: “My job as Minister of Finance – and that of the Government – is to ensure that there is an orderly settlement to the matter and one that does not compromise the integrity of Barbados. I think the policyholders, of which I am one, have a legitimate case to put and those pleas and argumentations are not being slighted by the Government of Barbados in any way.”
Read the full story in today’s DAILY NATION.