Tag Archives: financial irregularities

GUYANA – Capitol TV News Videos – 21 October 2015

Capitol TV logoGUYANA – Capitol TV News Videos – 21 October 2015

  • More financial irregularities uncovered at NCN
  • Guyana born cop gunned down in NYC
  • Gov’t looking to increase shares in Berbice Bridge
  • North West murder accused freed
  • More COPA flights out of Guyana
  • Sports

Click links below to view the TV News Videos:-   Continue reading

AFC wants NCN financial probe to be made public

AFC pushes for NCN financial probe to be made public 

10 Jan 2013 04:12 PM PST – Capitol News

As the Government continues to play the silent role in the findings in the NCN financial probe, the Alliance for Change is pushing for the document to be made public.  The auditors were called in after it was discovered that the CEO and the production manager were involved in financial irregularities that are not in keeping with the company polices.   Continue reading

AFC suspects cover up in NCN probe

AFC suspects cover up in NCN probe

    ….   Calls for full disclosure

The AFC initiated removal of subsidy to NCN has resulted in the disclosure of gross financial irregularities at the State owned National Communications Network. The Party now feels fully vindicated for taking the bold and unprecedented step to cut the allocations for NCN that was presented in the 2012 National Budget. The people of Guyana now see it was the right thing to do.

As a result, of the decision to cut the allocation, we learnt that NCN was raking in more than $500 million from commercial activities, leading President Ramotar to order a probe into the company’s operations.

We have all since learnt that persons at NCN were collecting money on behalf of the company and putting it into their personal bank accounts. This is tantamount to fraudulent conversion. We do not know the full scope and depth of financial impropriety at NCN whether it is confined to the revelation of $3 million from GT & T or whether there is more. We suspect, based on the government’s call for the resignation of the CEO, that there is much more.    Continue reading

Mohamed `Fuzzy’ Sattaur resigns from NCN

Mohamed `Fuzzy’ Sattaur resigns from NCN

 Stabroek News – June 29, 2012

Mohamed Sattaur

Chief Executive Officer of the state broadcaster, NCN, Mohammed Sattaur has resigned and the Programme Manager, Martin Goolsarran has been suspended for eight weeks following investigations into financial irregularities at the company.

“I offered my resignation to the minister of information (President Donald Ramotar) and he accepted…I felt that reports in the press had affected the image of NCN so I resigned,” Sattaur told Stabroek News in a brief comment when contacted today,  June 29, 2012             Continue reading

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