Tag Archives: Price fixing racket at GuySuCo…

Price fixing racket at GuySuCo… Internal audit report recommended Bhim sacked

The operations of the Guyana Sugar Corporation (GuySuCo) over the years have been a major battle ground between the government of the day and the opposition.

 GuySuCo’s Paul Bhim

Up to 2015, the workers were over 16,000 for the industry.
The corporation at 2015, when the Coalition Government took office, had been falling steadily in production despite a number of measures, including more lands for production and the US$200M Skeldon modernisation project.

Both failed to jumpstart despite the billions also annually pumped into GuySuCo via bailouts by consecutive Governments.

There is evidence emerging now that the poor performance was not only blamed on ageing factories, weather, and poor canes, but rather on the actual sale price of sugar to local and overseas buyers.            Continue reading

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