Government: more money to collect in the sale of Guyana Stores

Guyana Government claims it still has more money to collect in the sale of Guyana Stores

Capitol News- January 16, 2013 – All the proceeds from the sale of Guyana Stores Ltd have not been received by the Government of Guyana after the deal signed over 12 years ago. This is according to Head of the Privatization Unit, Winston Brassington.    

Brassington said that the resort to Litigation was the only option left after attempts to collect failed. He said in addition to the remaining  money owed by The Royal Investment Group, there are two other actions the Privatization Unit has, involving the Guyana Stores matter.

Brassington has faced over the years, a barrage of questions over  many of the recent privatization deals entered into by the Government of Guyana.

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Comments

  • wycs  On January 18, 2013 at 10:18 pm

    Why is it that Privatization Unit waited so long to bring this to the fore. It is 10 years too late. The Unit should foreclose on Mr Yassin immediately.

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