If there is one person eager to know the results of a thorough forensic audit into the operations of CLICO Barbados, it is William Layne, former permanent secretary in the Ministry of Finance.
Layne, who once chaired the now disbanded special Oversight Committee of CLICO, said yesterday that the local High Court had given CLICO’s judicial managers – Deloitte Consulting, permission to undertake a detailed forensic audit into the insurance company – a subsidiary of the collapsed Trinidad-based CL Financial Corporation.
Speaking on the radio call-in programme Down To Brass Tacks, the retired senior Government official said: “If the results of the forensic audit here does show criminal behaviour, then I would expect that a similar process would be done [as in Trinidad and Tobago] . . . and action would be taken to recover from the perpetrators of whatever fraud or criminal action was done against the policyholders. I eagerly await the results of that forensic audit.”
The planned criminal action against the Trinidad parent company by that country’s Director of Public Prosecutions was the results of a forensic audit there. (GE)
