Latest update January 5th, 2025 2:22 AM
Guyanese businessman livid at former Brazilian partner’s smear campaign
-says it is hurting Guyana’s investment portfolio
A Guyanese businessman is livid with the circulation of a video in which his former Brazilian partner is accusing him of defrauding him of millions of dollars.
Joseph Bhaskaran
Joseph Bkaskaran, a Sri Lankan born naturalized Guyanese has not taken too kindly to the video which was produced locally and in which his former partner Rodrigo de Paulo lambasted several state institutions, including the courts and police, accusing them of facilitating the fraud.
Bhaskaran who operates a sand and stone offloading facility on the East Bank of the Demerara River had severed ties with de Paulo a few years ago following a bitter dispute over a joint venture project.
According to Bhaskaran, several court battles followed and while some have been resolved in the courts in his favour, de Paulo continues to badger the local legal system with further litigations.
The bone of contention is a facility at Coverden which the two men had operated as 50-50 partners.
But after the falling out, de Paulo, with the help of some presidential guards had sabotaged the facility, under the claim that he was seeking to reclaim what was rightfully his property.
This claim was disputed by Bhaskaran who produced documentation to show that he was a legitimate partner in the business who had invested heavily with both labour and finance to make it a reality.
The constant court battles forced Bhaskaran to establish a brand new facility at another location to continue his business.
He now believes his new success has angered his former partner whom he is convinced is on a mission to tarnish his character both locally and internationally, as well as to smear the good name of Guyana’s legal and law enforcement institutions.
In the video, de Paulo accuses the police of acting in league with Bhaskaran to defraud him of money he claimed was invested in the joint venture project.
Rodrigo de Paulo
It appears to draw several conclusions that suggest that investment in Guyana is a high risk.
But according to Bhaskarran, de Paulo’s campaign, if allowed to fester will definitely hurt the investment portfolio of Guyana.
He also believes that it is part of a scheme to use the court to extort money from him.
Bhaskaran plans to host a press conference this week to clear up all the misconceptions that are being circulated.
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