The Appeal Court Thursday reserved judgment in embattled former CLICO Executive Chairman Leroy Parris’ case seeking to have access to his $4.5 million bank account that has been frozen by the High Court since January last year.
Lawyers for both Parris and CLICO Judicial Manager Deloitte Consulting argued before the court for six hours before the panel advised that the ruling would be handed down at a later date.
Justice William Chandler froze the assets on January 27, 2015 in an ex parte case brought against Parris and his company Branlee Consulting by the CLICO Judicial Manager, as well as the estate of late Prime Minister David Thompson, represented by his widow Mara Thompson.
A forensic audit had alleged that Parris had obtained $3.3 million from CLICO through a fraudulent transaction.
Following Chandler’s order, the former insurance boss had complained that it had created “hardship” on him and the company.