Latest update January 1st, 2025 1:00 AM
Latest News
Regan Pollard’s case to continue today
The legal battle between Regan Pollard and overseas-based LLC Puruni Mining is set for continuation at
Regan Pollard
High Court in Georgetown today.
Pollard, the son of People’s Progressive Party/Civic (PPP/C) Prime Ministerial candidate, Elisabeth Harper, is embroiled in a court battle over the alleged embezzlement of $700M which was given to him by a group of foreign investors (LLC Puruni Mining). .
According to court papers, on April 17, 2012 Puruni LLC formally entered into a joint venture agreement with Pollard and his company, Reflex Mining Company Inc. for the purposes of operating a dredge or dredges on Pollard’s mining claims.
They began wiring money to Pollard and over eight months, they had sent US$2.8M.
The money was reportedly wired from Chase Manhattan Bank in New York to a local bank account Pollard operated, but investors did not receive any of the expected returns.
Pollard eventually travelled to New York and met with the investors who agreed to amend their previous agreement and settle the matter by turning their investment into a loan that Pollard agreed to repay.
This was after the investors threatened legal action against him.
The matter is set for continuation before a commercial court judge today.
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