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HomeNewsRegional NewsJLP says it fully supports Nigel Clarke in SSL crisis

JLP says it fully supports Nigel Clarke in SSL crisis


(Jamaica Gleaner) The ruling Jamaica Labour Party (JLP) is accusing the Opposition People’s National Party (PNP) of attempting to politicise the current crisis affecting investment firm Stocks and Securities Limit (SSL).

SSL is currently under a multi-agency investigation over an alleged multibillion-dollar fraud.

The JLP is accusing the PNP and its supporters of attempting to compromise the investigations.

JLP General Secretary Dr Horace Chang, in a media statement this morning, said the party stands firmly with Finance Minister Dr Nigel Clarke in managing this crisis.

Clarke days ago acknowledged that his office received a report from the Financial Services Commission (FSC) on SSL in April 2020.

But he said it was never brought to his attention.

During a policy address last Monday, Clarke insisted that “… as minister of finance and the public service, neither the FSC board of commissioners nor the FSC executive director nor any person from the FSC has ever raised Stocks and Securities with me in any way.”

The FSC regulates investment houses.

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