Tag Archives: Guyana Rice Development Board (GRDB)

Canadian court to rule on extradition to Guyana of wanted ex-GRDB Accountant

Canadian court to rule on extradition says Special Organized Crime Unit (SOCU)

Guyana Rice Board:Former GRDB boss and deputy face 30-plus new fraud charges

Guyana Rice Board:Former GRDB boss and deputy face 30-plus new fraud charges

Two former senior officials of the Guyana Rice Development Board (GRDB) are set to face at least 30 new fraud charges today in the Georgetown Magistrates’ Courts.

Yesterday, both former General Manager, Jagnarine Singh, and his deputy, Madanlall ‘Ricky’ Ramraj, were at the Camp Road office of the police’s Special Organised Crime Unit (SOCU), with their lawyer, Glen Hanoman. Missing is Peter Ramcharran, a former accountant, who is arrested and in custody in Canada, pending extradition. Charges could be read in his absence.

This would be the second case, with SOCU expected to lay more charges in a number of other cases, involving billions of dollars.    Continue reading

Venezuela Rice Deal: US$500M GBTI contempt charges … DPP still no action

US$500M GBTI contempt charge…3 weeks later, DPP still to pronounce on charges against her lawyer

The Director of Public Prosecutions, Shalimar Ali-Hack, is facing a major dilemma. She is being asked to pronounce on a case against her own lawyer, Robin Stoby.

The bank is facing off, in a case of high stakes, against the police Special Organised Crime Unit (SOCU).Stoby is the Chairperson of the Guyana Bank For Trade and Industry (GBTI), a major, privately-owned financial institution.

The unit has recommended contempt charges against Stoby and his seven directors for allegedly refusing to hand over details of transactions with the US dollar and other bank accounts of the state-controlled, Guyana Rice Development Board (GRDB). Continue reading

Mexico keen on Guyana’s rice … PM secures commitment

Mexico keen on Guyana’s rice … PM secures commitment 

rice1October 28, 2015 Guyana Chronicle

Photo: P.M. Moses Nagamootoo and Mexico’s Minister of Agriculture, Jose Calzada.

Amid concerns by farmers over the loss of the Venezuelan rice market, the Guyana Government on Tuesday made some headway in securing commitments by the Mexican government to buy some of this country’s rice.

Prime Minister Moses Nagamootoo who is attending the Open Governance Global Summit in Mexico City met with Mexico’s Agriculture Minister Jose Calzada during which the commitment was made, a statement from the Prime Minister’s Office has said. Calzada advised PM Nagamootoo after representation was made that Mexico is keen on buying Guyana’s rice. During the meeting late Tuesday tonight, Minister Caldaza assured that steps will be fast tracked to open market for Guyana’s rice in Mexico.  Continue reading

Venezuela halts all rice, paddy shipments from Guyana

Venezuela halts all rice, paddy shipments

July 11, 2015 | By | By Jarryl Bryan

…270 containers of rice stuck on wharf, over US$5M in limbo

Rice shipments bound for Venezuela

Rice shipments bound for Venezuela

As the fallout from the collapse of the Guyana/Venezuela rice deal continues, Venezuela yesterday issued a directive for Guyana to cease all paddy and rice shipments to the neighbouring country with immediate effect.

This comes four months before the PetroCaribe agreement was scheduled to come to an end.
With some 270 containers of rice worth over US$5M left stranded on the wharves, and a further surplus crop expected to come by next month, this latest move by the oil producing giant, leaves Guyana with a more urgent need than ever to find an alternative market to Venezuela, which was responsible for 34 percent of rice exports under the PetroCaribe oil for rice deal.   Continue reading

Guyana Elections: APNU+AFC promises Essequibo rice farmers improved payment system

Opposition promises Essequibo rice farmers improved payment system

Saturday, 04 April 2015 23:17- Written by   – Demerara Waves

Nagamootoo in EssequiboPhoto: APNU+AFC Prime Ministerial candidate, Moses Nagamootoo (backing camera) greets attendees at a rally held Saturday night at Damon Square, Anna Regina, Essequibo Coast.

The opposition coalition Saturday night (April 4) promised the largely rice-dependent Essequibo Coast that it would examine ways of ensuring that lowly-paid farmers receive higher prices for their paddy and that they get a fair share from sales to Venezuela.

Prime Ministerial candidate Moses Nagamootoo appealed to the rice farmers to vote in favour of a government that would bring an end to “vampires” who were paying meager prices for paddy while the country’s coffers earn billions of dollars from grain sales to Venezuela. Continue reading

Guyana: Rice industry at boiling point – no markets for increased production

Rice industry at boiling point

Dr. Turhane Doerga

Dr. Turhane Doerga

MARCH 1, 2015 | BY – farmers ready to endorse Opposition – Alesie

The rice industry is facing a deep crisis with no markets for a significant quantity that will be generated in the coming crop.
The situation may even cause millers to reduce purchases of paddy and definitely affect the price being offered to farmers, says Dr. Turhane Doerga, senior official of Alesie Rice.

Doerga, a fierce critic of the way the rice industry is being managed, issued the warnings during a press conference on Thursday at the Georgetown Club.  He is part of the Rice Producers Association Action Committee (RPAAC), a breakaway faction of the Guyana Rice Producers Association (RPA). Also there was RPAAC’s official, Jinnah Rahman, a rice farmer from West Demerara.  Continue reading

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