PORT OF SPAIN, Trinidad, CMC:
More than two years after the insurance giant, Colonial Life Insurance Company Limited (CLICO) collapsed because of financial problems, the Director of Public Prosecution (DPP), Roger Gaspard, has announced that a criminal investigation has been launched against former executives and several corporate entities aligned to the collapsed insurance company.

In a statement released here late on Thursday, Gaspard also warned the media amount against publishing or broadcasting “anything which might jeopardise, hinder or otherwise prejudice the investigation or any possible proceedings which might result from it.

“I remain mindful of competing public interest factors including the fair trial rights of potential defendants, the freedom of the press and the requirement of open justice,” he said.