(Pictured above) Leroy Parris ( centre ) in handcuffs and accompanied by two police officers from the financial investigation unit, also called the fraud squad being led to the District ‘A’ Criminal Court charged with fraud.
Mr Leroy Parris will return to court on November 19th this year after he was granted bailed in the amount of BDS1,500,000.00. Mr Parris was ordered to surrender his travel documents, which was done, and he must also report to the Glebe Police Station every Monday and Friday before noon, with valid identification.after appearing in the District ‘A’ Magistrates’ Court this morning.
The matters are indictable and Mr Parris was not required to plead before Magistrate Kristie Cuffy-Sargeant.
There being no objections , Mr Parris was granted bail with two sureties.
He is charged with stealing BDS$3,333, 000 belonging to CLICO International Life Insurance Limited, conspiring with other persons to defraud CLICO International Life Insurance Limited of the same amount by inducing the insurance company to pay out the money to Thompson and Associates between December 1, 2008 and April 27, 2009 and conspiring with others to cheat the Crown and the Commissioner of Inland Revenue of Public Revenue, by failing to submit tax returns to the Commissioner or account to the said Commissioner for taxes on his income for the year ending March 31, 2010.
The former CLICO Chairman is also facing a charge of engaging in money laundering between December 1, 2008 and April 27, 2009,where he allegedly concealed BDS$3 333 000 – the proceeds of crime
Parris, 75, of No 8 Dayrells Heights, St Michael, is represented by attorneys-at-law Hall Gollop Q.C., Michael Yearwood Q.C., Michael Lashley Q.C., and Neil Marshall.
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