Latest update December 29th, 2024 3:09 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

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

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Lewis, Gentle defend GTA One Guyana Open Tennis titles; each take home $400,000

Lewis, Gentle defend GTA One Guyana Open Tennis titles; each take...

Dec 29, 2024

Kaieteur Sports- The Guyana Tennis Association (GTA) One Guyana Open Championship is a pillar of the emerging National Sports Academy; an initiative that is funded by the National Sports Commission...
Read More
Zion Hickerson scores one-year sponsorship with ENet

Zion Hickerson scores one-year sponsorship with...

Dec 29, 2024

‘The women need a lot of work’: CWI president Shallow cites structural issues in Windies women’s cricket

‘The women need a lot of work’: CWI...

Dec 29, 2024

Milerock face Winners Connection, Botafago clash with Capital FC

Milerock face Winners Connection, Botafago clash...

Dec 29, 2024

GGA Declares 2024 a Landmark Year for Golf

GGA Declares 2024 a Landmark Year for Golf

Dec 29, 2024

Deochand, Narine hit centuries, Ganpat claims 8 wickets as RHTFM ‘A’ defeat Whim CC by an innings and 240 runs

Deochand, Narine hit centuries, Ganpat claims 8...

Dec 29, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]