No kickback, no contract… Accusation of: How GuyOil terminated contracts

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  • kamtanblog  On October 14, 2019 at 3:33 am

    Tip of the iceberg of how corruption
    can destroy an economy/nation state.
    There will be many more such expose.
    When corruption becomes endemic
    in society no antibiotics can cure.
    Surgery next solution.
    The cancer of corruption will
    destroy Guyana unless the newly
    elected jackasses take the neccessary
    action and institute enforceable anti
    corruption laws ASAP.

    Remain hopeful

    Kamtan

  • guyaneseonline  On October 15, 2019 at 4:35 pm

    GUYOIL defends termination of Trinidad & Tobago contracts
    -rejects bribe allegation

    By Stabroek News October 15, 2019

    Chief Executive Officer of the Guyana Oil Company Limited (GUYOIL) Renatha Exeter yesterday defended the decision to terminate three contracts with a Trinidadian company and in a statement, GUYOIL last night assailed a Kaieteur News report on Sunday which alleged that a failed bribery attempt had been the cause of the rescinding of the contracts.

    Exeter yesterday told Stabroek News that the decision to terminate three contracts with Trinidad and Tobago firm Commissiong and Company Limited last week was made by the state-owned company’s Board of Directors in accordance with extant tender rules.

    Exeter also maintained that at no point was any single individual responsible for either awarding or terminating the contracts, which terminations she insists were made on the basis of the Trinidadian company’s failure provide a bank guarantee or bond through a local bank.

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