Award of Kaieteur, Canje blocks free from corruption

Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the award of the Kaieteur and Canje blocks offshore the South American country was in keeping with the nation’s laws and that no evidence of corruption has been found to date. The Vice President’s remarks follow several reports in the media which have criticised the award … Read more

Former Guyana Presidential Advisor on oil told to retract ‘false and defamatory’ claims or face lawsuit

Lawyers representing Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, have issued a letter to former Presidential Advisor on Petroleum, Dr. Jan Mangal, requesting that he immediately retracts ‘false and defamatory’ statements on the award of oil blocks to companies, and cease and desist from making any such further claims. The Canje … Read more

Jagdeo unapologetic about granting radio license to PPP

Opposition Leader, Bharrat Jagdeo is unapologetic that he had unilaterally allocated radio licenses to, among others, his People’s Progressive Party Civic (PPPC) “You hear every single day ‘friends and family’ and, of course, the PPP got a license and I don’t mind that one that one, I am a politician so they can accuse me … Read more

Govt spent US$5M to rehab Sanata, then sold it to Ramroop for US$3.4M – Audit report reveals

By Abena Rockcliffe The term “friends with benefits” was magnified in a section of the National Industrial and Commercial Investments Limited (NICIL) audit report which confirmed that Dr. Ranjisingh ‘Bobby’ Ramroop—best friend of former President Bharrat Jagdeo—was able to grab the Sanata Complex at a gift price. The report also highlighted NICIL’s admittance that it … Read more

Sanata complex deal…Tax holidays not yet granted by GRA

Law contains deficiencies, inaccuracies, not exhaustive enough – Finance Ministry Government says that the legislation regarding tax holidays and concessions contain a number of obvious deficiencies and various inaccuracies and omissions. This is according to a release from the Ministry of Finance which sought to clarify the recent controversy surrounding the tax holidays and tax … Read more

Investors for Sanata Textiles deal get…Five-year tax hoildays, customs waivers, duty-free concessions

The concessions granted to the investors of the Sanata Textiles complex are according to law and in keeping with what is offered to any new project, Government said yesterday. During a press conference at the studios of the National Communications Network (NCN) to clear the air over the Sanata deal, Head of the Guyana Office … Read more