De­spite At­tor­ney Gen­er­al John Je­re­mie’s an­nounce­ment in Jan­u­ary that the state would no longer pur­sue cost­ly lit­i­ga­tion re­lat­ed to the col­lapse of CL Fi­nan­cial and its sub­sidiaries, the liq­uida­tor of Cli­co In­vest­ment Bank (CIB) has ini­ti­at­ed an ap­peal over a case seek­ing to hold three for­mer ex­ec­u­tives and board mem­bers ac­count­able for the fi­nan­cial in­sti­tu­tion’s col­lapse, al­most two decades ago.

Guardian Me­dia un­der­stands that the CIB liq­uida­tor, De­posit In­sur­ance Cor­po­ra­tion (DIC), filed the ap­peal af­ter its law­suit against for­mer CIB non-ex­ec­u­tive di­rec­tor An­dre Mon­teil and its for­mer ex­ec­u­tives and board di­rec­tors Lennox Archer and Richard Trot­man was dis­missed by for­mer High Court Judge and cur­rent Ap­pel­late Judge Car­ol Gob­in in March.

The Cen­tral Bank of T&T (CBTT) has ap­plied to be added as an in­ter­est­ed par­ty to the case, which came up for case man­age­ment be­fore Ap­pel­late Judge Joan Charles, yes­ter­day morn­ing.