Leroy Parris charged in connection with cheque for $3.333M, makes bail
District A Magistrates Court
Bail for Leroy Parris was set at $1.5M and with two sureties. The Former Chairman of CLICO left the law courts in Barbados' capital city of Bridgetown on Wednesday to abide by his new bail conditions.
Reportedly, after two days of assisting police with investigations, police arrested and formally charged the 75-year-old Leroy Coleridge Parris of Dayrells Heights in St Michael, for several criminal offences which occurred within the jurisdiction of the Magistrate of District ‘A’ Court.
The offences are:
1. That he between December 1, 2008, and April 27, 2009, stole three million three hundred and thirty-three thousand dollars (BBD $3.333M) Barbados Currency belonging to CLICO International Life Insurance Limited.
2. That he between December 1, 2008, and April 27, 2009, conspired with other persons to defraud CLICO International Life Insurance Limited of $3.333M by inducing the said CLICO International Life Insurance Limited to pay out the said sum to Thompson and Associates.
3. That he between December 1, 2008, and April 27, 2009, engaged in money laundering where he concealed money to wit: BBD $3.333M that is proceeds of crime.
4. That he between April 1, 2009, and March 31, 2010, conspired with others to cheat the Crown in Rights of its Government in the Island of Barbados and the Commissioner of Inland Revenue of public revenue namely taxes, by failing to submit tax returns to the Commissioner or to account to the said Commissioner for taxes due from him in income year ending March 31, 2010.
On Wednesday, June 24, 2020, the accused appeared at the District ‘A’ Magistrates Court before Magistrate Kristie Cuffy-Sergeant where he was not required to plead to any of the charges which are all indictable.
Parris was granted bail of BBD $1.5M with two sureties.
His bail conditions call for him to surrender his travel documents to the court and he must seek the permission of the court to travel outside of the jurisdiction. He must also report to the Glebe Police Station every Monday and Friday before 12 pm.
Parris is scheduled to reappear at the District ‘A’ Criminal Court on Thursday, November 19, 2020.