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

All concessions must be published – Minister of Governance

The administration is adamant about bringing a fresh approach to every tier of governance. In this vein, Minster of Governance, Raphael Trotman, issued a stern call to the country’s auditor General, Deodat Sharma, to respect the laws of the country. The Auditor General must also ensure that all concessions as stipulated in the law are … Read more

Publish concessions granted to foreign companies in the media – Presidential Advisor

By: Kiana Wilburg In the season of transparency and accountability under the coalition government, Presidential Advisor on Sustainability, Dr. Clive Thomas believes that concessions granted during the year should not only be tabled in the National Assembly as the law stipulates, but also published in the newspaper.In fact, the Economist feels so strongly about this … Read more

Finance Minister, AG ignored laws on disclosing, auditing, tax concessions – Chris Ram

Chartered Accountant, Christopher Ram has lashed out at the Minister of Finance, Dr. Ashni Singh and the country’s Auditor General, Deodat Sharma for having failed, over several years, to adhere to the country’s investment laws. Ram was referring specifically to the sections of that Act which call for transparency surrounding the monitoring and disclosure of … Read more

Utilising fibre optic cable…

First phase e-governance initiative 85 percent complete THE first phase of Guyana’s E-Governance initiative, utilising a fibre optic cable stretching from Lethem to Georgetown, is 85 percent complete and the Project Manager, Alexei Ramotar , said that segment will be ready for commissioning by July month end, if not before.President Donald Ramotar’s son told the Guyana … Read more

Guyanese President Leaves a Tattered Legacy

Stagnation, violence, corruption, arch-sectarianism, and unfettered crime—this is the heritage that President Bharrat Jagdeo will bequeath to his country. Now that Jagdeo has announced that he will not seek a third term in the upcoming August election, he may well ask, as a New York mayor once did, “How did I do?” The answer, in … Read more

President Jagdeo avoids answering the BBC’s questions about corruption

On 4 December 2009, Guyana’s President, Bharrat Jagdeo, was interviewed on the BBC programme “Hard Talk“. At one stage, the presenter, Zeinab Badawi, asks Jagdeo about REDD. What Jagdeo doesn’t say in response is more interesting than what he does say. He doesn’t mention the logging companies already logging Guyana’s forests. He doesn’t mention mining. … 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