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Police Commissioner Allister Guevarro has directed the Anti-Corruption Investigation Bureau (ACIB) to launch a criminal probe into the sale of key CL Financial assets as concerns mount over the handling of the company’s liquidation.

The move follows a High Court injunction issued on October 13 that halted the sale of the Trincity Commercial Centre Ltd, including Trincity Mall, one of the conglomerate’s most valuable properties. The injunction came just hours before the deal was reportedly set to be finalised at 4 pm on Monday.

Justice Kevin Ramcharan, who has been overseeing the CL Financial (CLF) liquidation since the company was wound up in 2017, granted the injunction after the state applied for urgent relief. The order was subsequently served on attorneys for Grant Thornton, the court-appointed liquidators. The matter is expected to return to court on October 27.