Tag Archives: Guyana National Printers Limited

NICIL must provide details of investments – Ramjattan

NICIL must provide details of investments

MAY 14, 2012 | BY KNEWS |

 …Brassington statements akin to a pleading criminal about to be jailed – Ramjattan

Recent statements by Executive Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington on the state of affairs of the finances for the Government Holdings Company are akin to those of a criminal about to be incarcerated.

This is according to Alliance for Change (AFC) Chairman, Khemraj Ramjattan, who says that the NICIL’s Executive Director’s statement now claiming that NICIL’s coffers only contain $700M as against the billions touted is very “circumspect.”    Continue reading

NICIL controls revenue of several major govt. entities

NICIL controls revenue of several major govt. entities

MAY 11, 2012 | BY KNEWS |

    Guyoil, NCN, Chronicle, GNCB, Linden Electricity Co.  GNSC  etc.

As of December, 31, 2003 the National Industrial and Commercial Investments Limited (NICIL) now headed by Winston Brassington and Marcia Nadir-Sharma owned and controlled several major companies. They also controlled monies earned from the Privatization Unit.

Money accrued to the Privatization Unit is earned through the disposal of State Assets and would include revenues earned from transactions such as the sale of the Sanata Complex at Industrial Site. This asset was acquired by Queens Atlantic Investment Inc.    Continue reading