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A complete misrepresentation of the facts

Sep 06, 2011 Letters

Dear Editor,
Re: To the article in the Guyana Chronicle dated Sunday September 4th captioned: “US Embassy Says… Kaieteur News publisher Glenn Lall”.
The information as contained in this article is a complete misrepresentation of the facts surrounding the financing of the project involving the construction of Buddy’s International Hotel. It seems to be a deliberate attack on my person and is erroneous and untruthful in content.
I wish to make it pellucid that at no time did I approach anyone as suggested by the cable for financing, nor am I in any way involved with narco-traffickers. The Buddy’s International Hotel Inc. successfully secured financing from the local banking sector to the tune of over one billion Guyana Dollars.
It is a matter of public records that several debentures over the hotel’s assets were issued to a leading commercial bank. Furthermore, other assets held in my name were leveraged to raise further financing from another commercial bank and mortgages had been established to secure this additional financing.
Omprakash Shivraj

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