AG ditches civil suit on CL Financial crash: Billion$ wasted in legal fees
Legal
Finance
Politics
January 16, 2026
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ATTORNEY General John Jeremie said $3 billion to $4 billion had been spend on attorney fees after the crash of CL Financial and associated companies and he vowed to discontinue civil action on the matter. He told this to the House of Representatives on January 16 where he laid the Sir Anthony Colman report into the failure of CL Financial.
Since the crash, much money has been spent on attorneys, but with no tangible result such as prosecutions, the AG bemoaned.
Saying inadequate police officers had been assigned to the matter, he said, "This is a joke of an investigation."
Legal
Finance
Politics
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