Andre Monteil

Monteil admits no wrong in CIB, Stone Street Capital loan

Former Clico Investment Bank (CIB) chairman Andre Monteil has denied influencing the company’s decision on a $78 million loan granted to his personal company, Stone Street Capital, shortly before it (CIB) collapsed almost a decade ago.

Monteil repeatedly denied any wrongdoing as he took the witness stand before Justice Avason Quinlan-Williams in the Port-of-Spain High Court as CIB’s case against him and his company to recoup the outstanding loan plus interest continued yesterday.