‘Risky’ selling Clico lands

The Democratic Labour Party (DLP) is warning the Mia Amor Mottley administration that selling the vast acres of arable land of collapsed insurance company CLICO will put the agricultural sector at risk.

Yesterday during a press conference at the DLP’s George Street Auditorium, spokesperson on agriculture, former senator Andre Worrell, slammed Government’s plan to sell the CLICO assets.

In May, Director of Finance Ian Carrington announced Government would be selling assets to help pay off the expenses of CLICO’s court-sanctioned successor Resolution Life (ResLife), which was also being dissolved.

In the last SUNDAY SUN, ResLife chairman Tony Hoyos announced that prime real estate owned by CLICO, including plantations owned in St John, would be going on the market.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *