Latest update March 28th, 2024 12:59 AM
Feb 17, 2010 News
Shadow Finance Minister Winston Murray during his contribution to the budget debates yesterday flayed Finance Minister Dr Ashni Singh for what he called unresponsiveness on his part as it relates to updating the Economic Services Committee on the Colonial Life Insurance Company (CLICO) debacle.
Murray told the house that on at least two occasions that committee has written to the Minister to appear before the body to provide updates and this call was unheeded.
This he said was despite the fact that the Parliament had approved a motion calling on that committee to monitor the developments as it relates to the CLICO fallout.
Opposition Leader Robert Corbin had tabled a motion in the National Assembly to have an investigation into the affairs of CLICO but the motion was watered down to call on the Economic Services Committee of Parliament to monitor the developments as these unfold in relation to CLICO (Guyana).
Corbin, who tabled the motion for debate, told the House that his party had long called for a ‘think tank’ to be established, so that suggestions could be forthcoming on how to best cushion against the impact of the global financial crisis.
Instead, he said, the nation was regaled with the sentiment that the Government had everything under control.
The Motion was amended to just have the developments monitored, and according to Murray, in an effort to achieve that mandate they had been unsuccessfully trying to get an audience with Dr Singh.
Alliance For Change Chairman Khemraj Ramjattan subsequently came under fire for speaking to the media when he had expressed his dissatisfaction with the manner in which they were restricted to what he called simply reading newspaper headlines on the developments of CLICO.
THIS IDIOT TELLING GUYANA WE HAVE NO SAY IN THE 50% PROFIT SHARING AGREEMENT WE HAVE WITH EXXON.
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