Showdown between T&T Gov’t and Clico policy holders

The government of Trinidad and Tobago and Clico policy holders appear headed for a showdown.



In the latest move, Clico policy holders say they intend to take legal action against the Kamla Persad-Bissessar administration.



The government has offered them an option of retrieving their funds from the failed insurance giant over a 20-year period at values less than what they are worth today.



However, the policy holders say this is unacceptable.



And they also allege that the government wants to pass a Bill in parliament today barring them from taking court action to challenge the government's repayment plan.