Essequibo rice giant sells assets under pressure from bank
…denies selling Berbice properties
Beni Sankar, son of late rice magnate Kayman Sankar, has affirmed that certain assets were indeed sold because of pressure from a commercial bank.
According to the rice industrialist, the rice milling and drying facilities at Hampton Court, Essequibo Coast were sold for some $600M in order to cover debts with a local bank. He disclosed that those were the only properties sold, and affirmed that the property at Blairmont, West Bank Berbice and the air strip and aquaculture farms have not been sold.
Hampton Court.