Tag Archives: Hand In Hand Trust Corporation

Government instructs Brassington to explain all NICIL-funded Projects

Government instructs Brassington to explain all NICIL-funded Projects

SEPTEMBER 20, 2015 | BY | By Kiana Wilburg

NICIL CEO, Winston Brassington

For years, the National Industrial and Commercial Investments Limited (NICIL) has been touted to be a parallel treasury in the country. It was used by the former administration to invest millions of taxpayers’ dollars into highly risky development projects.

NICIL reportedly also spent tens of millions of dollars to build roads, drainage and culverts, and to lay pipelines and in some cases, underground power cables. The developed house lots, complete with infrastructure, were then sold to former President Bharrat Jagdeo, several ministers and Government officials and friends.

With a new board and Chairman in place, the government has instructed the company’s Chief Executive Officer, Winston Brassington, to explain NICIL’s investments into all projects over the years.   Continue reading

NEW GPC and Hand-In-Hand own 50% of Berbice Bridge

Jagdeo 2015 pix

Former President Bharrat Jagdeo

 NEW GPC and Hand-In-Hand own 50% of Berbice Bridge

AUGUST 31, 2015 | BY | By Kiana Wilburg

– Contractual agreements allow providers of 5% of capital to control the bridge and receive 23% annual return

The saga of the Berbice River Bridge Company Inc. continues to reveal even more interesting details as Kaieteur News understands from experts very close to the Bridge that the current contractual arrangements allow for two entities to control 50 percent of the company: The NEW GPC and Hand In Hand Trust Corporation.

New GPC, a company owned by Dr. Ranjisinghi ‘Bobby’ Ramroop has close relations to former President Bharrat Jagdeo and, according to an article on chrisram.net some time ago, that company has two Directors on the Board. Continue reading

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