State in bid to tap monies due to Clico Investment Bank

In a bid to recover significant financial losses linked to the collapse of the CLICO Group, the state is seeking to garnish US$20m being held in escrow here for one of the Trinidad group’s  subsidiaries, Clico Investment Bank (CIB)
The state’s move follows attempts by CIB to have the money released to it by Guyana’s Registrar of Deeds in accordance with various court rulings.  

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