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Foregoing an investment

Jun 08, 2012 Letters

Dear Sir,
The receipt of a windfall from the NBS’ investments in the Berbice Bridge Project notwithstanding the fact that NICIL had to waive the interest receivable on its investment so that the other investors including NBS can be paid, is not the issue.
The issue is that NBS bought the bonds held by CLICO primarily to provide funds to pay friends and cronies of the Government who would have lost most of their investments in CLICO. The payment by CLICO is in contravention of the Companies Act.
Was the Chairman of NBS and Permanent Secretary to the Office of the President, Nanda Gopaul knowingly aware of this illegality?
I support the call by Freddie Kissoon to have Gopaul appear before the Parliamentary Economic Services Committee for rigorous interrogation on this matter.
I remain,
R. Adam

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