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Daily Archives: May 9, 2017

Director of Sport says allegations of financial irregularities “politically motivated”; welcomes probe

Less than one day after allegations of financial irregularities were levelled against Director of Sport, Christopher Jones, he denied the claims and deemed them “politically” motivated and jealousy of his achievements in promoting and developing sport. “I have every reason to believe that this article is part of a naked attack on my person, character and integrity which is politically motivated. ...

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Caribbean Court orders Guyana to refund Trinidad beverage company millions in “unlawful” environmental tax

The Caribbean Court of Justice (CCJ) on Tuesday ordered Guyana to refund the Trinidad-based beverage company, SM Jaleel and its subsidiary in Guyana,  a yet to be agreed large amount of Environmental Tax levied between 2011 and 2015 in violation of Caricom’s trade rules. “The Court holds that Guyana has been clearly unjustly enriched at the expense of SMJ and ...

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Father confesses to lashing now dead son to head- police

A father has confessed to striking his son to the head that later resulted in the son’s death, in stark contrast to earlier claims that the young man fell off a ladder and injured himself,  police said. Investigators said the 40-year old man “is cooperating” as they continue to probe the death of 18-year old Azeez Khan, a labourer of ...

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Multi-million dollar contract awarded for solar energy system at State House

A GYD$14 million contract has been awarded to the German-based meeco Group, along with its Guyanese joint venture company, for the supply and installation of a solar photo voltaic (PV) system at State House. The procurement of the contract was done by the Guyana Energy Agency (GEA) and the local joint venture company is oursun Guyana. “Our joint venture company oursun Guyana ...

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Finance Minister scolds Bank of Guyana over poor monitoring

Finance Minister, Winston Jordan has scolded the top brass of the Bank of Guyana for its lax monitoring and oversight of the country’s foreign exchange market and anti-money laundering regime. Jordan last week made his views known to the Central Bank’s board of directors against the background of the recent alleged GYD$900 million fraud by a gold dealer and miner against ...

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