Judge set to reserve ruling in clico case
A High Court judge is expected to reserve judgment in a case in which embattled former CLICO Executive Chairman Leroy Parris is seeking to hold onto $3.3 million paid to him by the insurance company.
The hearing concluded today and sources involved in the case told Barbados TODAY this evening that the only thing left to be done was for Parris’ attorneys Hal Gollop, QC, and Vernon Smith, QC, to supply the judge with written submissions by Thursday.
“After he has gone through the submissions he will reserve his decision,” one legal expert said.
The sources said the submissions were in response to “one single point” following new submissions by Ramon Alleyne, counsel for the CLICO Judicial Manager Deloitte Consulting.
Parris is challenging a previous court ruling ordering him to repay the $3.3 million after a forensic audit had allegedly found that the monies were obtained through a fraudulent transaction.
The lawsuit the former insurance executive was filed by CLICO Judicial Manager Deloitte Consulting, which has asked for the refund, alleging that the money was obtained from CLICO in breach of trust and fiduciary duty.
The money was channelled to Parris through Thompson and Associates, the law firm of late Prime Minister David Thompson.