GT&T head resigns, four sacked

GT&T head resigns, four sacked

JUNE 29, 2012 | BY  | FILED UNDER NEWS

Chief Executive Officer of the Guyana Telephone and Telegraph Company, Yog Mahadeo, has resigned. News of his resignation came yesterday.

Until a replacement is found, the telephone company would be headed by former Chief Executive Officers, Sonita Jagan and Major General (ret’d) Joe Singh.

Mahadeo’s resignation came in the wake of the completion of the investigation by officials of Atlantic Tele Network into financial irregularities by the telephone company. ATN is the GT&T’s parent company.

About a month ago the investigators descended on the company when news broke that four financial officers, Chief Financial Officer Royston Rachpaul, Sachin Persaud, Caramchand Rambarran and Richard Sukhdeo were involved in irregularities during the recent T10 competition sponsored by the telephone company.          

The first thing the investigators did was to take control of the computers in the finance department. They then ordered the four off the job pending the outcome of the investigation.
The probe found the four culpable and immediately terminated their service. One senior official said that Mahadeo resigned because the irregularity occurred under his watch.

One irregularity involved an arrangement with National Communications Network (NCN). It transpired that Martin Goolsarran, NCN Programme Manager, had arranged with GT&T to have cheques destined for NCN written in his name. He claimed that this was to facilitate payment to Hits and Jams. For this he was sent on leave pending investigation.

Goolsarran had contended that with the knowledge of NCN Chief Executive Officer Mohamed Sattaur, he subcontracted Hits and Jams to aid in the production of the GT&T Song and Jingle competition.

Mahadeo could not be reached for comment. However, earlier this year, he had said that he was going to demit office by the end of this year.

Yog Mahadeo ‘proud’ of his tenure at GT&T

Posted By CSpringer – Editor On June 29, 2012

In a statement issued this afternoon, former GT&T CEO Yog Mahadeo said he was proud of the direction the company took under his tenure and publicly stated his support for Major General (Rtd) Joe Singh and Sonita Jagan who have taken over.   [more]

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Comments

  • wycs  On June 29, 2012 at 5:38 pm

    There is more to it than the mortar in the pestle. The CEO was spending too much money that belonged to G.T&T on various sports (so he said). Then lately he said that telephone wires were stolen to the value of $400 million. All of these combined told a story. The Guyanese people were blamed for things being done internally at G.T&T.

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