Trademark nepotism has permeated the administration - Ramjattan

Trademark nepotism has permeated the administration – Ramjattan

Apr 21, 2009 News

Responding to a stinging column by renowned Chartered Accountant and columnist Christopher Ram, Chairman of the Alliance For Change Khemraj Ramjattan says that the analysis has pointed out that trademark nepotism has permeated the Jagdeo administration, which is demonstrated in the recent appointees to the New Building Society, as is the case in various other State agencies.
Ramjattan said that the phenomenon is a fundamental departure from Cheddi Jagan’s approach between 1992 and 1997.
“It is an exhibition of what I have coined, control–freakism…. No such appointee must act independently or professionally; he or she has to be an instrument of Government and especially the President.”
Ramjattan pointed out that he had noticed glimpses of that shift earlier, and warned that the proposed replacement Ram mentioned, of Jack Alli & Sons as auditors, has a more deliberately far reaching effect.
“Appointees will be rebuked and victimized if you don’t toe the line.”
This approach Ramjattan said will destroy whatever credibility is left of NBS and do massive damage to the creation of a culture of independence and professionalism in State agencies and public authorities.
The AFC leader also pointed to Ram’s analysis in unearthing the open flouting of the law by a number of important actors who are to be checks and balances on NBS.
“Why up to now NBS is not properly licensed under the FIA by the Bank of Guyana?
Now that I have learnt this fact, it is my opinion that this situation is probably so for a sinister reason – the accommodation of corruption.”
He added also that additionally, within political circles there is the equivalent of the “commercial Dupreys who have an aptitude to take advantage of loopholes in the financial structure to get their ambitions realized.”
According to Ramjattan, people in society will get angrier when these types of wrongdoings persist.
“Let me just bring it home more graphically…When a lil ‘coolie’ or ‘black boy’ snatch yuh chain and get caught, the Jagdeo State jump and shout how he is thief, jail he…But when big people break the law causing millions to be lost, this Jagdeo State is not jumping or shouting…Rather it says it is a bad investment, it is economics. Big people then must show more responsibility otherwise lil people going to explode.”
Meanwhile, Chairman of Vision Guyana, Peter Ramsaroop, said that the overall financial crisis across Guyana continues to be alarming.
“We have seen that financial regulatory bodies around the world failed to oversee major financial transactions and at the end of the day many have suffered.”
He said that here in Guyana, there is no difference in the lack of oversight and hidden agenda by the Government on the issues of Colonial Life Insurance Company (CLICO) Guyana, National Insurance Scheme and NBS.
According to Ramsaroop, the Goverment must have an honest oversight and come clean on why they have, “abused our taxpayers’ money and continue to do so…. Government officials also should not be directors of companies that affect shareholders.”

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Trademark nepotism has permeated the administration – Ramjattan

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