The Economic Saboteurs

Jan 16, 2021 Letters

DEAR EDITOR,

Another day brings in more revelations of financial mismanagement in KN 15th-2021, “$116M Signed by Coalition to renovate Linden Call Center…” To add more insults $116M in materials can’t be accounted for. Are the supervising consultants mentioned in the article, still on the payroll? Has M&P Investments been blacklisted from future contracts?
The uneasiness with these audit reports is that the government is not reassuring the public that there are indeed guidelines and steps currently in place for all these reported instances to prevent future porous exodus of funds, or ample supervision of consultants and the rest.
Without hesitation, I am stating that the inability to handle finances is a widespread problem in Guyana, giving rise to the need to have multiple audits a year.
More so, now that more millions/billions are being allocated to projects.
So much seems to hinge on just one person signing off on disbursement of funds without any accountability/follow-up or supervision of contractors and others.
Lai Xiaomin, the former Chinese Finance Minister, guilty of corruption, has been given a death sentence. South Korea has upheld the 20-year corruption sentence of its Ex-president — and it’s a woman, by the way. Ex-French president, Sarkozy is facing corruption charges.
Countries 10 times the Guyanese population are taking a tough stance on financial corruption/mismanagement. So, precisely what is the government going to do, with these economic saboteurs?

Chi Kansi

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