Introduction
This column is about Clico Life and General Insurance Company (South American) Limited (Clico), a regional insurance giant whose Guyana subsidiary collapsed spectacularly when Mr Ian Chang, Chief Justice appointed Mr Lawrence Williams, Governor of the Bank of Guyana to liquidate the company.
Since 2010 when Clico began to implode I have written forty-nine pages on the company – all of which are posted on my website chrisram.net. In those many pages I questioned the role of then President Jagdeo’s compulsive, misguided and irresponsible direction of the judicial management and subsequent liquidation of Clico.
I noted that his action exacerbated the colossal and unlawful serial acts of Clico’s CEO Ms Gita Singh-Knight who shifted billions of dollars belonging to Guyanese policy-holders in breach of the Insurance Act 1998 and in defiance of the