Hear how they bankrupt CLICO! It’s Aleged, that some “big boys” borrowed $15 million from Clico Investment Bank (CIB) and purchased CL Commucation which includes (4 Radio and 1 TV Station) from CL Financial (CLF) all the paperwork was done to make it look as if the $15 million loan from Clico Investment Bank (CIB) was repaid but apparently the solid liquid cash was not repaid.
It’s Aleged that this was done with Flavourite Foods Ltd. and other properties and loans aswell.