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Wednesday, April 9, 2025

Govt looking at new proposals

by

20101024

The PP ad­min­is­tra­tion will not al­low for­mer UNC MP Ramesh Lawrence Ma­haraj to set its agen­da re­gard­ing the Cli­co is­sue, PP press sec­re­tary Garvin Nicholas said yes­ter­day. Nicholas was asked whether there was any date in sight for a de­ci­sion on sev­er­al rec­om­mend­ed al­ter­na­tive plans which have been pre­sent­ed to the Gov­ern­ment on a so­lu­tion for Cli­co pol­i­cy­hold­ers. Three rec­om­men­da­tions were sent to the Gov­ern­ment last week af­ter a min­is­te­r­i­al team head­ed by Min­is­ter Vas­ant Bharath held five meet­ings with the Cli­co Pol­i­cy­hold­ers Group in the last two weeks. The Bharath team was man­dat­ed to col­late views af­ter there was strong pub­lic out­cry against a plan for pol­i­cy­hold­ers an­nounced in the 2011 Bud­get by Fi­nance Min­is­ter Win­ston Dook­er­an.

At­tor­ney Ma­haraj who rep­re­sents a sec­ond group of Cli­co in­vestors–the Cli­co pol­i­cy­hold­ers Pro­tec­tion As­so­ci­a­tion–has giv­en the Gov­ern­ment un­til mon­thend to come up with a new deal for the Cli­co pol­i­cy­hold­ers, or face le­gal ac­tion. Bharath who re­turned on Sat­ur­day from a week-long trip to Grena­da–for a Cari­com meet­ing–was un­avail­able yes­ter­day. Nicholas, how­ev­er, said: "Gov­ern­ment will do every­thing in the in­ter­est of the pop­u­la­tion." Oth­er gov­ern­ment sources said no de­ci­sion was tak­en on the rec­om­men­da­tions at last Thurs­day's Cab­i­net ses­sion. They said the in­for­ma­tion is still be­ing stud­ied. (GA)


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