|Leroy Parris, in custody, en route to Magistrate's Court today.|
Leroy Parris, the former Chairman of the failed CLICO Barbados insurance company, appeared in Magistrate's Court today, and was granted bond in the amount of Bds$1.5m. The defendant stands accused of stealing Bds$3,333,000 from CLICO, by having the funds, represented to be legal fees, ultimately diverted to his personal use and possession.
The specific charges:
(1) Money Laundering.
(2) Conspiracy to Defraud the Crown and the Commissioner of Revenue of public revenue,
by failing to submit tax returns, or account to the Commissioner for taxes on his income (tax evasion).
(3) Theft of Bds$3,333,000, belonging to CLICO International Life Insurance Limited.
(4) Conspiracy to Defraud CLICO by inducing the company to pay out the funds to a law firm.
|Dominica Diplomatic Passport|
Parris' next court appearance has been scheduled for November 19, 2020.