Clico policyholders can expect their $75,000 payout by Carnival. This was announced yesterday by Attorney General Anand Ramlogan who spoke to reporters after an inter-faith service to welcome in the new year.
The service was held at the AG's office Cabildeo Chambers, St Vincent Street, Port-of-Spain. Ramlogan said: "In my view, by Carnival, hopefully, we would expect and hope policyholders would get their money.
He said the Finance Ministry had submitted a complete version of the agreement for vetting by the AG, which was currently being reviewed at the Office of the AG He added: "For those with $75,000 and under there are no qualms. For those with more money than $75,000 there are some personal issues they would want to consider." (AL)