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A clear case of a conflict of interest

Oct 27, 2009 Letters

Dear Editor,
At the press conference held by GuySuCo last week, the CEO reported that at 31st December, 2008 GuySuCo owed the Banks $3 billion, whilst at 30th September, 2009 it was $5 billion.
Subsequent to this disclosure, a reporter asked if GuySuCo was lent $2 billion by the NBS, to which the Chairman of GuySuCo, Dr. Gopaul hesitantly gave a puerile and common answer “like you know something I don’t know”.
I think that both NBS and GuySuCo should come clean on this matter. I would like the CEO of GuySuCo to make a statement on this alleged borrowing from NBS.
I would also like the CEO of NBS to make a statement. Is this the reason why people are being told to go for loans at the commercial banks or wait until the new year. Are the funds at NBS exhausted?
If indeed NBS lent GuySuCo money, is this legal and what is the rate of interest charged and security offered.
The chairman of NBS and GuySuCo are one and the same person and is a clear case of a conflict of interest. He should resign immediately from NBS.
W. Nelson

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