He also appointed a commissioner to head an inquiry into the affairs of the troubled CL Financial Ltd, Colonial Life Insurance Co (Trinidad) Ltd, Clico Investment Bank, British American Insurance Co (Trinidad) Ltd and Caribbean Money Market Brokers Ltd.Richards acted after advice from Prime Minister Kamla Persad-Bissessar and her Cabinet. The commission will consider whether any criminal and civil proceedings can be brought against any individual or entity.The inquiry will also seek to determine whether more could have been done to protect, among others, depositors and shareholders.A court date is expected to be set for a hearing in the matter.
