Tag Archives: Queens Atlantic Investment Inc

GUYANA: SARA seeking to recover $2.7B from QAII, $274m from GBTI

By Stabroek News – September 6, 2019    This story is developing and will be updated.

The State Assets Recovery Agency (SARA) today announced that it was seeking to recover $2.7b from Queens Atlantic Investment Inc over its controversial deal for the former Sanata Textiles and $274m from the Guyana Bank for Trade and Industry for the purchase of the Kingston property that is now its headquarters.

A release from SARA follows:

  • STATE ASSETS RECOVERY AGENCY
  • MEDIA AND COMMUNICATIONS DEPARTMENT
  • Lot 56 ‘A’ Main and New Market Streets, Georgetown
  • Telephone (592) 227-7050

PRESS RELEASE         Continue reading

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