Nation News, 4/4/2010: NOTHING TO HIDE

EXECUTIVE CHAIRMAN OF CLICO Holdings Barbados Limited, Leroy Parris says he has nothing to hide.

He was responding to a Back Page story in the WEEKEND NATION which queried his relationship with a company called Professional Financial Services.

In a statement issued yesterday, Parris said there was absolutely no conflict of interest stemming from his relationship with that company.

He confirmed that he was a director of Professional Financial Services, but said the company did not write insurance policies.

In the story headlined CLICO Query, it stated that questions were being raised about the involvement of two senior CLICO Holdings Barbados Limited officials in a private insurance enterprise offering services similar to those of their Whitepark Road, Bridgetown company.

But yesterday, Parris said the company was a registered insurance agency through which he, as an agent, had sold insurance for both CLICO International Life and CLICO General Insurance.

Question: CLICO  has a poor record of filing required financial statements with the corporate registry. ( See: Did Thompson’s DLP Have Audited Financials for the Companies that they Bailed Out?)

What about Professional Financial Services Inc.? Are they up to date on their filings?