Guyanese Online

I was clean on NICIL’s financial affairs – Winston Brassington

MARCH 7, 2012 | BY KNEWS |

 …but evidence points to questionable deals

Winston Brassington

Head of the National Industrial and Commercial Investment Limited (NICIL), Winston Brassington, has justified his stead at the helm of the Privatization Unit.
Brassington chose to respond to queries about his integral role in having established Queens Atlantic Investment Inc (QAII).
Brassington in his missive to the Guyana Times and to the State Media (Guyana Chronicle) said “I have done my job with honesty and integrity and can stand up to whatever scrutiny is brought to bear.”
In 2008 when the illegality of the QAII deal was exposed, his colleague in government transactions, Geoff Da Silva, who headed the Guyana Office for Investment (GO-Invest) in speaking on the deal involving Brassington was forced to admit, “We made a mistake…We thought it was covered in law.”
The forum at which Da Silva made the revelation was “Guyana’s Privatisation and Taxation Policies and Practices” organised by the administration, in retaliation to comments made by local businessman, Dr. Yesu Persaud.
Persaud had said that concessions similar to those granted to QAII should be given to other local companies. This attracted a sharp response from none other than the then Head of State, Bharrat Jagdeo.  [more}

— Post #1174