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In defence of the Globe Trust (non) probe

Jan 09, 2013 Letters

 

 

Dear Editor,
I  would  have  done  an  injustice  to  my  fellow  veterans  and  ardent  readers  of  your  column,  had  I  failed  to  respond  to  a  letter  written  by  a  retired  Major  C  S   Vaughn,  captioned  “The  PNCR  vociferous  about  CLICO,  but  silent  on  Globe  Trust”.
Mankind  does  not  surprise  me  as  in  this  case,  it  is  the  writer’s democratic  right  to rant  and  rail,  but  he  has  to  be  truthful  and  accurate  and  not  allow  bitterness  to  engulf  his  sanity.
Sylvester, the letter writer,  attempts  to  compare  the  debacle  which  occurred  at  Globe  Trust  with  what  occurred  at  CLICO. These  two  situations  are  incomparable,  and  I  hope  the  writer  is  awakened  from  his  slumber.
In  the  CLICO  situation  the  Government  high  handedly  through  its  agents  invested   Guyanese  savings  without  the  consent  of  policyholders,  a  behavioral  pattern  of  this  regime.  Sylvester  has  conveniently  failed  to  mention  the  numerous  investments  CLICO  has  undertaken  at  the  expense  and  detriment  of  Guyanese.
It  boggles  my  mind  as  to  where  Sylvester  Vaughn  lives. Surely it could not be in Guyana.
The  writer  has  the  gall  to  mention  the  former  President  as  someone  whom  he  sees  as  caring  and  truthful  in  his  uttering. Sylvester’s  assault  on  the  PNCR  and  its  Leader,  is  unfair  and  unwarranted.
Many  persons  have  suffered  loss  through  Globe  Trust, but  countless  individuals  continue  to  be  haunted  by  the  autocratic  handling  of  the CLICO catastrophe.
May  I  inform  the  writer  that  there  are  those  who  were,  and  are  gleeful  of  Globe  Trust  misfortune. Sylvester  should  occupy  space  in  this  column  to  expose  corruption  by  those  white  collar  criminals  in  this  Government  instead  of  pleading  for  sympathy  from  those  criminals.
Umar  Saied

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