Ex- ICBL chief pleads guilty to conspiracy, fined

A 71-year-old former top executive at Barbados’ Insurance Corporation of Barbados Limited (ICBL) has avoided a prison term after confessing to her involvement in a money-laundering plot connected to a bribery scandal that involves ex-Barbadian government minister Donville Inniss.

Ingrid Innes entered a guilty plea to a single charge of conspiracy to commit money laundering during proceedings at a United States federal court. In response to her admission of guilt, the presiding judge handed down a $7,000 US fine instead of a custodial sentence.

Court documents and official sentencing remarks confirm that the judge’s decision to forgo jail time was heavily influenced by Innes’ ongoing health crisis. The former CEO is currently receiving treatment for stage three pancreatic cancer, a serious and life-altering diagnosis that the court weighed heavily in its sentencing determination.