Skip to main content

Badrie Persaud sacked

February 29, 2016 11:27 am A+ / A-

The Guyana Oil Company (GuyOil)   on Monday announced that it has terminated the services of its Managing Director, Badrie Persaud, following a forensic audit of the state-run petroleum distributor.

Badrie Persaud

Badrie Persaud

The state-run oil company said in a statement that the Board of Directors and the Forensic Auditor reviewed the “documented and verified findings” of the forensic audit undertaken by Nigel Hinds Financial Services, for the period November 2011 to May 31, 2015 at a special meeting earlier this month, after which the decision to part ways with Persaud was taken.

“Based on the findings which documented unauthorised and inimical actions taken by the Managing Director, Mr. Badrie Persaud, the Board of Directors, at its Special Board meeting, held on Wednesday 18 February 2016, determined that it could no longer have any confidence in Mr. Persaud’s ability to execute the functions of Managing Director honestly, objectively and efficiently,” GuyOil said

It said that, “in the circumstances, therefore, the Board decided to terminate the services of Mr. Badrie Persaud.”

Persaud was on annual leave, which ended on Saturday last.

He was fired with immediate effect.

But, the Board said that, in lieu of notice,  he will be paid based on provisions in the Termination of Employment and Severance Pay Act. Chapter 99:08.

Persaud was a candidate for the People’s Progressive Party/C

Replies sorted oldest to newest

"The state-run oil company said in a statement that the Board of Directors and the Forensic Auditor reviewed the “documented and verified findings” of the forensic audit undertaken by Nigel Hinds Financial Services, for the period November 2011 to May 31, 2015 at a special meeting earlier this month, after which the decision to part ways with Persaud was taken."


Is this chap above board???

Django

“Based on the findings which documented unauthorised and inimical actions taken by the Managing Director, Mr. Badrie Persaud, the Board of Directors, at its Special Board meeting, held on Wednesday 18 February 2016, determined that it could no longer have any confidence in Mr. Persaud’s ability to execute the functions of Managing Director honestly, objectively and efficiently,” GuyOil said

FM
Stormborn posted:

That fellow needed to go. He was a bad seed.

Why is he a bad seed? What are the unauthorized and inimical Actions??? You all need to stop celebrating when these Indian people lose their jobs, especially if you don't know the real reason why they were terminated.  It will be very telling when we see who replace him. 

Bibi Haniffa

Guyoil was notorious in its inefficiency and corruption.

Its amazing how shameless those who purport to represent Indian interests are.  Have some pride and stop supporting toads.  Is that the best that you think that Indo Guyanese are capable of?

Take a page from the many Africans who aren't blindly following APNU in the LGE, but are trying to establish alternate political structures at the local level.

FM
Last edited by Former Member
caribny posted:

Guyoil was notorious in its inefficiency and corruption.

Its amazing how shameless those who purport to represent Indian interests are.  Have some pride and stop supporting toads.  Is that the best that you think that Indo Guyanese are capable of?

Take a page from the many Africans who aren't blindly following APNU in the LGE, but are trying to establish alternate political structures at the local level.

Come on, many of these were unjustified and overtly racist, and you would embrace!!

FM

Add Reply

×
×
×
×
×
Link copied to your clipboard.
×
×