The Finance Minister should shed some light

May 29, 2021 Letters

DEAR EDITOR,

I hope that the trail on the GUYOIL audit has not gone cold, and a full report will be forthcoming soon. As the auditor general is auditing GUYOIL, the Honourable Minister of Finance may wish to ask him to widen his probe to include an assessment on how the insurance portfolio was moved from the then incumbent, who had given 30 years of impeccable service that can be attested to by several Chairmen, CEOs and Board Directors to a favoured Insurance Broker who we shall call ‘Broker X’. The Minister may also wish to enquire the circumstances surrounding the removal of the Skeldon Energy portfolio from the then incumbent broker to the same favoured ‘Broker X’. The Minister may also wish to ask for an investigation into the circumstances surrounding the overnight removal from the then incumbent broker of the Power Producers Distribution Inc (PPDI) Insurance Portfolio to the same favoured ‘Broker X’.
The Minister may also wish to ask for an investigation into the circumstances surrounding the award of the Cheddi Jagan insurance portfolio to the same ‘Broker X’. But worst of all Editor, the Honourable Minister of Finance and the Prime Minister may wish to ask for an investigation into the aborting of the Insurance Tender for Guyana Power and Light (GPL). Now, this tender was advertised on the GPL website, but after two days, it was withdrawn and there is deafening silence. The current broker is the favoured ‘Broker X’. Editor, this stinks to the high heavens and is rife with corruption, skullduggery, cronyism, and nepotism. The pattern is that all insurances for government properties that are with ‘Broker X’ have to remain with ‘Broker X’, but if they are with any other broker, the business has to move to ‘Broker X’.
So much for the promises of fairness, transparency and accountability.

Yours faithfully,
Mark Ramcharitar

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