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FM
Former Member

LIES OF OPPOSITION CABAL EXPOSED

 

- Glenn Lall admits to Kaieteur News publishing misinformation
- Adam Harris apologises to Finance Minister for lies

- Christopher Ram reveals he is novice lawyer/accountant
- Ramjattan and Nagamootoo go AWOL from NICIL debate


Written by PARVATI PERSAUD-EDWARDS

Wednesday, 23 May 2012 21:30

Source - Guyana Chronicle


LAST Tuesday evening Guyanese at home and abroad were transfixed, at home before their television sets, and overseas through live streaming, as intellectual pygmy Glenn Lall and self-professed public conscience responsible for exposing the perfidious actions of lesser beings, Christopher Ram tried to match their brains with no less than brainiac Finance Minister Dr. Ashni Singh; veteran of all things, Cabinet Secretary Dr. Roger Luncheon; and head of NICIL and latest victim of the opposition cabal, Winston Brassington.


‘DEBATE PANEL’: In photo, from left, are Glenn Lall, Christopher Ram, Dr. Roger Luncheon, Winston Brassington and Dr. Ashni Singh

And one could almost feel sorry for the representatives of the collective opposition as they were stripped naked of their pretences to reveal the ugly truth of their actions and intentions.


Why Kaieteur News publisher Glenn Lall subjects himself to public scrutiny of his intellectual challenges is unfathomable. Only recently he had a similar encounter with the ANSA McAL bigwigs, when he ‘poped’ the company’s press conference and tried to bluff his way past his gaffe in publishing damning lies about that entrepreneurial giant in his usual campaign to defame the PPP/C government.


Almost daily the headlines of Kaieteur News scream of one instance of corruption by government entities and personnel after another, and when the real facts are revealed, most often neither the publisher nor the editor has the grace to publish the reality as against their fabrications and allegations; or if they do the retraction is so insignificant and infinitesimal that it is rarely noticed, which led former President Bharrat Jagdeo to dub them vultures.


But their latest victim, NICIL head Winston Brassington, was not prepared to allow his good name to be besmirched, with no justification whatever, without calling the perpetrators on the allegations impugning his character and the entity under his management, so he challenged the accusers to a public discussion on national television so that the nation could judge for themselves who are really corrupt in the national construct, and to reveal the truth as against the constant fabrications by the opposition collection – the political parties and the press hostile to the government.


And Glenn Lall took up the challenge. One has to give the man kudos for courage – (or is it bravado?), because he took on Ashni Singh himself. The President ought to consider giving him an award for bravery, because this was like the intellectual David and Goliath, and this time the slingshot pelting lies and fabrications did not prevail, but the armour of facts and figures did.  He got into even more trouble when he called for backup from Adam Harris, who also found himself caught at the slips and having to apologise to Dr. Ashni Singh for his lies.

QUOTE: After months of grandstanding the AFC loudmouths, Moses Nagamootoo and Khemraj Ramjattan, slinked away without a whimper. Both of them were invited to participate in the debate but they were a complete no show – and no tell.

In campaign after campaign, one public figure after another, one private sector entity after another, have been subjected to relentless pillorying as non-issues that have been bloated out of all proportion in what Dr. Bharrat Jagdeo once referred to as “The Corbin Syndrome”, which is the opposition collective stratagem for diverting attention from its own spurious actions and rhetoric by casting aspersions on others; and it works.


Or it did until last Tuesday night, when the government team debunked one allegation after another in a debate televised live on NCN, with the panel comprising, initially Kaieteur News publisher, Glenn Lall, Guyana’s self-professed social conscience Christopher Ram, Finance Minister Dr. Ashni Singh, Cabinet Secretary Dr. Roger Luncheon, and Head of NICIL, Winston Brassington, with Adam Harris joining in later as Glenn Lall’s back-up brain.


After months of grandstanding the AFC loudmouths, Moses Nagamootoo and Khemraj Ramjattan, slinked away without a whimper. Both of them were invited to participate in the debate but they were a complete no show – and no tell.


Then the rout happened. Allegation after allegation, accusation after accusation, contention after contention from the opposition were debunked by the government panelists, leaving the opposition protagonists flapping for responses and loudly whispering together, even as credible responses were being proffered by the government team.


Brassington accused the opposition cabal of engaging in ‘jumbie arithmetic’ and ‘pulling figures from thin air’, as the trio were relentlessly exposed as either being liars, or deliberate manufacturers of unproven allegations.

QUOTE: As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

The PPP/C administration had challenged the collective opposition to debate any issue and to vent in the public arena any misconceptions about governance and related matters; but this became a pressing need after the consistently negative press has been stymieing national development by scaring away potential investors in the country, because it is a fact that investors would not invest their monies in an unstable political environment, as Brassington pointed out when he revealed that no less than 4 investors backed away  from the Marriott deal as a direct result of the negative press by opposition parties and media houses hostile to the government.


The opposition cabal had been accusing Brassington of corruption at NICIL.
The Finance Minister pointed out that NICIL has been subjected to considerable “estimation, misinformation, misrepresentation and misinterpretation” of recent weeks”, which despite repudiation by Brassington as head of the entity, and other state officials, with explanations of facts by way of letters to the press, media interviews and at various fora, the collective opposition continued to peddle their outrageous accusations,


However, Dr. Singh is adamant that NICIL has, over the years, performed an “extremely important role” and in more recent times, has been pivotal in catalyzing important investments in and for Guyana, the proposed Marriott Hotel being a case in point. NICIL, emphasized Dr Singh, has discharged its obligations in a most commendable manner.


The company was incorporated in 1990 by the PNC government and served as a holding company for government’s equity investments in other companies. In 2002, under PPP/C administration, a Management Co-operation Agreement was signed appointing the Privatisation Unit (PU) as exclusive manager of NICIL, for the collecting and accounting of privatisation proceeds, rents, dividends and other income of the combined entity would be done in the name of NICIL.


Ram is contending that he had requested a copy of the Management Co-operation Agreement, along with NICIL accounts for 2006 to 2011. He referred to this as tardiness in supplying financial information. However, the government’s response is that all public documentation is always in the public arena under various regulatory bodies, but the opposition are clearly not interested in facts, but merely in creating red herrings by way of which it could make unsubstantiated accusations against government officials and entities.


Both Lall and Ram admitted that most times the premise of their allegations is not based on actual information, which elicited a biting final comment from Dr. Luncheon, who stated that, while using NICIL as an example, "the way the issue is treated in the media really epitomizes some of the weaknesses and some of the more objectionable practices. Our two colleagues here (referring to Glenn Lall and Christopher Ram) have made the point incessantly tonight that I suspect that they will continue making...'we don't have information, the government is not forthcoming'...and I would want to make the same point that in the context of this lack of  information and lack of forthrightness by this Administration  on what basis is this profusion of info about; ... it is just poured out and anybody who reads cannot help but believe that these journalists/critics are privy to information, sound information that they are offering to the public and yet they come tonight and sit in front of the public and confront us with the situation – ‘we are speculating, we are forced to speculate’.”

Coming out of the debate, Brassington avers that NICIL has done everything in its power to ensure its accounts are audited. "We have submitted in a timely manner our accounts to the Auditor General (ag). We have completed up to 2005 consolidated accounts. The Minister of Finance had tabled over 80 sets of audited accounts for NICIL and its subsidiaries. The AG has said by end of June he is looking to have the consolidated accounts for NICIL completed all the way up to 2010."


But the opposition and its media partners has no interest in facts and truths, because Adam Harris was forced to admit to publishing lies about Dr. Ashni Singh, in full public view, and he apologized; albeit not without being prodded by Dr. Singh.


Glenn Lall confessed that he did publish misinformation, but this is on the word of (opposition) politicians.


Ram conceded that he premises his allegations on assumptions because of a dearth of information, that “....we are speculating, we are forced to speculate,” thus admitting that their scurrilous accusations against public officials and entities are created within their own imaginations, most often without a shred of truth in their allegations.


As Dr. Luncheon scathingly said, “It seems to me and this is something that must be repudiated, that the press is actually saying that we don't have information so we are going to write anything we feel like writing to force the administration to come clean ... I want to know whether if this is indeed an approach, whether if this indeed motivates Glenn Lall in his criticism of government policy and government operations and I feel if this is so, it is utterly reprehensible and needs to be confronted."


As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

 

Last Updated on Thursday, 24 May 2012 21:16

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As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

FM

Glenn Lall confessed that he did publish misinformation, but this is on the word of (opposition) politicians.


Ram conceded that he premises his allegations on assumptions because of a dearth of information, that “....we are speculating, we are forced to speculate,” thus admitting that their scurrilous accusations against public officials and entities are created within their own imaginations, most often without a shred of truth in their allegations.

FM

NICIL failed several rounds of scrutiny

 

May 23, 2012 | By | Filed Under Letters 

 

 

Dear Sir,
First let me inform our Minister of Finance, Dr Ashni Singh, that the National Industrial Commercial Investments Limited (NICIL) has failed miserably at several levels of scrutiny. A few are listed below:  substantial surplus funds held by NICIL are not deposited in the Consolidated Fund;  no reported Audited Financial Statements of NICIL for over seven years;  Illegal deals and peppercorn prices for State Assets – Sanata Textiles Complex among others;  conflicts of Interest that permeate the role played by Dr Ashni Singh who as Chairman of the NICIL Board reports to himself as Minister of Finance; have a close relative of the Minister of Finance in the person of the Deputy Auditor General play a senior role in the audit of government agencies and corporations including NICIL.


Some of the government agencies and corporations fall under the direct control of the Minister of Finance. Then there are the failure to disclose monies owed to NICIL and its subsidiaries for State assets sold in the past seven unaudited years; failure to disclose the investments of NICIL over the period;  Companies Act 1991 amended in 1995 is subordinate to The Constitution of Guyana.


It would be tiring of me to list other instances of waywardness to highlight the unctuous gimmicks of NICIL and its “Board of Directors” who placed NICIL funds under the discretionary control of the PPP; in effect overriding the Supreme Law of the Land – The Constitution of Guyana.


Commenting on the body politick in 1980 People Power no Dictator; Dr Walter Rodney, Guyana and the Caribbean Community most brilliant historian noted: “There is a double tragedy in this situation. First there is the tragedy (with some mixture of comedy) of the incompetent, the mediocre and the corrupt making a mess of things.

Secondly, there is tragedy in which men and women of ability and integrity have been dismissed or they have run away or they have been reduced to silence.” NICIL and its principals have confirmed Dr Rodney’s statement.


In the May 10, 2012 edition of the Guyana Times, the erudite Dr Roger Luncheon added to his illimitable lexicon the term ‘liquid cash’. I suspect that the goodly doctor has been advised to avoid and to divert public focus from the use of $50 Billion in surplus funds referenced by “perceived commentators” a category into which Dr Singh has lumped the critics of NICIL.


Dr Luncheon added that ignoring the articles of association proves a waste of time and illustrates the “pandering to the gimmickry of Ramjattan and his acolytes”. Dr Luncheon what about you and your fealty faction ignoring Article 216 of the Constitution of Guyana? The articles of association of the companies act are mere prose rendered null, void and meaningless to the extent the articles are inconsistent with the Constitution of Guyana.


Our esteemed Minister of Finance Dr Ashni Singh who is quite aware that liquid cash and surplus funds could represent materially divergent amounts of assets is now in full camouflage mode. Minister Dr Ashni Singh should banish any reference to Guyana’s Companies Act as he attempts to relegate the requirements of Guyana Consolidated Fund to the legal status of Guyana’s Company’s Act.

Then we have Mr Winston Brassington a seeming master of toadyism playing to perfection a facilitating role for President Jagdeo and Minister of Finance Dr Ashni Singh. Mr Brassington has been appointed to all number of leadership roles in government agencies for the perceptible purpose of catering to the demands of the PPP power players.

Brassington has admitted to being in a befuddled state as recorded in Guyana Times dated May 12, 2012.


Let us not conveniently substitute “Liquid Cash” for Surplus Funds as seems to be the plan of the PPP collaborators. We do not expect the PPP to sell billions in Government assets and place the proceeds in a chequing account. The Surplus Funds far exceed the Liquid Cash.

In another bit of comedy we have the knowledgeable Minister of Finance claiming in Guyana Times of April 30, 2012 “NICIL operates within the law”.
NICIL in its current form is a glaring case of power run amok. Guyanese leaders and the citizens need to ensure that NICIL is converted to operate in the interest of all Guyanese. It is inexcusable to have substantial amounts of Government funds outside the remit of the National Assembly.

NICIL gross misconduct amounts to a revulsion of good governance and has evolved to become an insidious form of perfidy against the Constitution of Guyana.
And to the defenders of NICIL pillage from the citizens of Guyana, I refer them to the quote by Thomas Paine: “To argue with a man who has renounced the use and authority of reason is like administering medicine to the dead”.


Nigel  Hinds

Mitwah

How the hell do we know what is misinformation or not? These crooks have not presented an official accounting in a decade. We can speculate. If they do not like speculation lets see the books. I am sure the combined opposition is examining every facet of the law to wrest control of that company from these crooks. They will be called to answer so they should get with the damn work and be done with the complaining and whining about their corrupt practices being questioned.

FM
Originally Posted by Demerara_Guy:

As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

For a big man your attitude stinks. If your thinking is any indication of how the  the PPP opperates or  if we were to use you as a yardstick to judge the PPP for the past 50 odd years..Guyana is really in deep shit. How can any one thinks that a debate could answer all the alligation of corruption, misappropreation of funds from the sale of the nation assets and income on billion dollar state run corporation that did not submit an audit for the past 7 years on the accounts could be clarify in TV studio debate? Is this how Cheddi use to conduct the nation business - call a debate with 24 hours notice and declare victory when their is a no show?

sachin_05

why the police did not collect these ppp crooks as soon as the program is over and lock them up save the nation lots of trouble later,if they want the nation to belive in them then show us the reports in black and white and do not write in pencil

FM
Originally Posted by sachin_05:
Originally Posted by Demerara_Guy:

As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

For a big man your attitude stinks. If your thinking is any indication of how the the PPP opperates or if we were to use you as a yardstick to judge the PPP for the past 50 odd years .. Guyana is really in deep shit. How can any one thinks that a debate could answer all the alligation of corruption, misappropreation of funds from the sale of the nation assets and income on billion dollar state run corporation that did not submit an audit for the past 7 years on the accounts could be clarify in TV studio debate? Is this how Cheddi use to conduct the nation business - call a debate with 24 hours notice and declare victory when their is a no show?

.. and .. ??

FM
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
Originally Posted by Demerara_Guy:

As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

For a big man your attitude stinks. If your thinking is any indication of how the the PPP opperates or if we were to use you as a yardstick to judge the PPP for the past 50 odd years .. Guyana is really in deep shit. How can any one thinks that a debate could answer all the alligation of corruption, misappropreation of funds from the sale of the nation assets and income on billion dollar state run corporation that did not submit an audit for the past 7 years on the accounts could be clarify in TV studio debate? Is this how Cheddi use to conduct the nation business - call a debate with 24 hours notice and declare victory when their is a no show?

.. and .. ??

 you are sitting on it....your head that is!

FM
Originally Posted by Stormborn:
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
Originally Posted by Demerara_Guy:

As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

For a big man your attitude stinks. If your thinking is any indication of how the the PPP opperates or if we were to use you as a yardstick to judge the PPP for the past 50 odd years .. Guyana is really in deep shit. How can any one thinks that a debate could answer all the alligation of corruption, misappropreation of funds from the sale of the nation assets and income on billion dollar state run corporation that did not submit an audit for the past 7 years on the accounts could be clarify in TV studio debate? Is this how Cheddi use to conduct the nation business - call a debate with 24 hours notice and declare victory when their is a no show?

.. and .. ??

 you are sitting on it....your head that is!

Quite revealing that you are always sitting on your head.

FM
Originally Posted by Demerara_Guy:
Originally Posted by Stormborn:
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
Originally Posted by Demerara_Guy:

As the debate concluded, the entire nation recognized that, while the government was presenting factual data and analyses based on sound premises, the opposition upstarts, who have abrogated to themselves the right to speak against any positive programme the government initiates, were seen to be filibusters and charlatans of the worst kind, persons who would concoct lies to destroy the entire development programme of the PPP/C government.

For a big man your attitude stinks. If your thinking is any indication of how the the PPP opperates or if we were to use you as a yardstick to judge the PPP for the past 50 odd years .. Guyana is really in deep shit. How can any one thinks that a debate could answer all the alligation of corruption, misappropreation of funds from the sale of the nation assets and income on billion dollar state run corporation that did not submit an audit for the past 7 years on the accounts could be clarify in TV studio debate? Is this how Cheddi use to conduct the nation business - call a debate with 24 hours notice and declare victory when their is a no show?

.. and .. ??

 you are sitting on it....your head that is!

Quite revealing that you are always sitting on your head.

perhaps perhaps not!

FM

The president in New yORK said that there is proper accounting. Why don't you all request to go over the records? But it seems that you can come here and babble on and on without any facts.  

FM

 

Originally Posted by martin Carter:

The president in New yORK said that there is proper accounting. Why don't you all request to go over the records? But it seems that you can come here and babble on and on without any facts.  

 I think you are swallowing his bilge. Parliament has requested one. The delay to this point has been many.

 

First they said they were not obliged to present one and then the claim was NICIL was private. Presently the prevailing reason is that their subsidiaries including NCN has not provided accounting so they are therefore delayed.

 

My point it that if NCN etal are under  your authority then have you are poor administrators and need to be fired if they do not comply with your requirement  for transparency and accountability to the state.

 

Unfortunately, all is subterfuge. They are simply robbing us blind and never thought they would ever be called to account because they have most guyanese duped to vote for them as the morally incorruptible party,

 

Well they reek of corruption like skunks of their stink  and are moral as goats. They are unable to hide because the joint opposition has them by the purse strings so they are performing like seals.

FM

I thought Guyana had many ACCAs. Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill. I cannot believe the AFC would make this kind of error. Perhaps it was a purely political decision. The problem with using raw politics is you will vitiate much of what you have won. The sad thing is the PPP sycophants and slavish propaganda coolies will use this as AFC is the most deceitful manner. It has become all about $50 bill. The sycophants don’t want to mention that NICL did not produce audited books since 2004. Of course they did not see Brassingon dodging the question of whether NICL separates privatization proceeds from incomes of state-owned companies. They did not see the bizarre economic justification Ashni gave for setting the Berbice bridge toll to US$11 per car. They did not see the clear insider trading problem of a man selling his brother shares. What methodology was used to value the shares?  They did not see that NICL will invest US$19 mill in Marriott when Brassington is saying NICL only have G$700 mill in the bank. From where will NICL get the money? Is NICL a state-owned venture capitalist company? They did not bother to ask a question of whether Ashni’s justification for the Marriott made sense. Since Barbados and TT government bulid hotels Guyana should do the same, according to Ashni. Well that is true. But why spend US$19 mill on the Marriott in GT? Why not develop an eco-tourism system in the interior?  

FM
Originally Posted by Tar_K:

I thought Guyana had many ACCAs. Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill. I cannot believe the AFC would make this kind of error. Perhaps it was a purely political decision. The problem with using raw politics is you will vitiate much of what you have won. The sad thing is the PPP sycophants and slavish propaganda coolies will use this as AFC is the most deceitful manner. It has become all about $50 bill. The sycophants don’t want to mention that NICL did not produce audited books since 2004. Of course they did not see Brassingon dodging the question of whether NICL separates privatization proceeds from incomes of state-owned companies. They did not see the bizarre economic justification Ashni gave for setting the Berbice bridge toll to US$11 per car. They did not see the clear insider trading problem of a man selling his brother shares. What methodology was used to value the shares?  They did not see that NICL will invest US$19 mill in Marriott when Brassington is saying NICL only have G$700 mill in the bank. From where will NICL get the money? Is NICL a state-owned venture capitalist company? They did not bother to ask a question of whether Ashni’s justification for the Marriott made sense. Since Barbados and TT government bulid hotels Guyana should do the same, according to Ashni. Well that is true. But why spend US$19 mill on the Marriott in GT? Why not develop an eco-tourism system in the interior?  

TK, get real.  If the AFC made such a screw-up, then expect it to be used against them, and justifiably so.  This is politics, anyone would do that, just as I say about the PPP, also applies to the AFC, stop shooting the messenger.  You admire the USA, well just look how anything a politician says is twisted and exploited to the hilt.

FM
Originally Posted by baseman:
Originally Posted by Tar_K:

I thought Guyana had many ACCAs. Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill. I cannot believe the AFC would make this kind of error. Perhaps it was a purely political decision. The problem with using raw politics is you will vitiate much of what you have won. The sad thing is the PPP sycophants and slavish propaganda coolies will use this as AFC is the most deceitful manner. It has become all about $50 bill. The sycophants don’t want to mention that NICL did not produce audited books since 2004. Of course they did not see Brassingon dodging the question of whether NICL separates privatization proceeds from incomes of state-owned companies. They did not see the bizarre economic justification Ashni gave for setting the Berbice bridge toll to US$11 per car. They did not see the clear insider trading problem of a man selling his brother shares. What methodology was used to value the shares?  They did not see that NICL will invest US$19 mill in Marriott when Brassington is saying NICL only have G$700 mill in the bank. From where will NICL get the money? Is NICL a state-owned venture capitalist company? They did not bother to ask a question of whether Ashni’s justification for the Marriott made sense. Since Barbados and TT government bulid hotels Guyana should do the same, according to Ashni. Well that is true. But why spend US$19 mill on the Marriott in GT? Why not develop an eco-tourism system in the interior?  

TK, get real.  If the AFC made such a screw-up, then expect it to be used against them, and justifiably so.  This is politics, anyone would do that, just as I say about the PPP, also applies to the AFC, stop shooting the messenger.  You admire the USA, well just look how anything a politician says is twisted and exploited to the hilt.

======

 

Hey...can't argue with you here bai. How tings?

FM

Guyana has some very dangerous wild life. Snakes, Croc, alligators, spiders and two foot predators. Inadequate medical facilities definitely deters any eco-tourism.

 

In the city, anacondas can be found in the city drainage system. It seems the Marriott is the correct place. The city floods so easily, before long all the drainage and irrigations of the Dutch would disappear.

 

Nature takes its course. Once abandoned, the forest takes over civilization  and water regains its territory.

S
Originally Posted by Tar_K:
Originally Posted by baseman:
Originally Posted by Tar_K:

I thought Guyana had many ACCAs. Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill. I cannot believe the AFC would make this kind of error. Perhaps it was a purely political decision. The problem with using raw politics is you will vitiate much of what you have won. The sad thing is the PPP sycophants and slavish propaganda coolies will use this as AFC is the most deceitful manner. It has become all about $50 bill. The sycophants don’t want to mention that NICL did not produce audited books since 2004. Of course they did not see Brassingon dodging the question of whether NICL separates privatization proceeds from incomes of state-owned companies. They did not see the bizarre economic justification Ashni gave for setting the Berbice bridge toll to US$11 per car. They did not see the clear insider trading problem of a man selling his brother shares. What methodology was used to value the shares?  They did not see that NICL will invest US$19 mill in Marriott when Brassington is saying NICL only have G$700 mill in the bank. From where will NICL get the money? Is NICL a state-owned venture capitalist company? They did not bother to ask a question of whether Ashni’s justification for the Marriott made sense. Since Barbados and TT government bulid hotels Guyana should do the same, according to Ashni. Well that is true. But why spend US$19 mill on the Marriott in GT? Why not develop an eco-tourism system in the interior?  

TK, get real.  If the AFC made such a screw-up, then expect it to be used against them, and justifiably so.  This is politics, anyone would do that, just as I say about the PPP, also applies to the AFC, stop shooting the messenger.  You admire the USA, well just look how anything a politician says is twisted and exploited to the hilt.

======

 

Hey...can't argue with you here bai. How tings?

YOU CAN ARGUE WITH EVERYTHING SINCE YOU ALWAYS FULL OF SHIT!!

Nehru
Originally Posted by Tar_K:

Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill.

 

I cannot believe the AFC would make this kind of error.

 

Perhaps it was a purely political decision.

A simple issue, yet one of the numerous AFC's mistakes.

FM
Originally Posted by Demerara_Guy:
Originally Posted by Tar_K:

Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill.

 

I cannot believe the AFC would make this kind of error.

 

Perhaps it was a purely political decision.

A simple issue, yet one of the numerous AFC's mistakes.

===

 

Not as big a mistake though as the government not reporting audited reports for SEVEN years for NICL. Which mistake is most likely to be associated with theft? 

FM
Originally Posted by PRK:
Originally Posted by Demerara_Guy:
Originally Posted by Tar_K:

Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill.

 

I cannot believe the AFC would make this kind of error.

 

Perhaps it was a purely political decision.

A simple issue, yet one of the numerous AFC's mistakes.

===

 

Not as big a mistake though as the government not reporting audited reports for SEVEN years for NICL. Which mistake is most likely to be associated with theft? 

The specific issue is the correct reporting of information.

FM

AFC mek waan big blunda pon diss ting.  See, peeple ah aask now, ah wah dem dozz raaly seh.  Mi nah knoo wah fuh seh, but diss ain good no way.  Looko laka PPP bak pon tap.

FM
Originally Posted by Demerara_Guy:
Originally Posted by PRK:
Originally Posted by Demerara_Guy:
Originally Posted by Tar_K:

Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill.

 

I cannot believe the AFC would make this kind of error.

 

Perhaps it was a purely political decision.

A simple issue, yet one of the numerous AFC's mistakes.

===

 

Not as big a mistake though as the government not reporting audited reports for SEVEN years for NICL. Which mistake is most likely to be associated with theft? 

The specific issue is the correct reporting of information.

----

 

There is no specific issue. Your tone and tendency to dodge speak loudly of your willingness to turn a blind eye to corruption once it comes from PPP. 

FM
Originally Posted by PRK:
Originally Posted by Demerara_Guy:
Originally Posted by PRK:
Originally Posted by Demerara_Guy:
Originally Posted by Tar_K:

Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill.

 

I cannot believe the AFC would make this kind of error.

 

Perhaps it was a purely political decision.

A simple issue, yet one of the numerous AFC's mistakes.

===

 

Not as big a mistake though as the government not reporting audited reports for SEVEN years for NICL. Which mistake is most likely to be associated with theft? 

The specific issue is the correct reporting of information.

----

 

There is no specific issue. Your tone and tendency to dodge speak loudly of your willingness to turn a blind eye to corruption once it comes from PPP. 

Perpetual non-focus in your statements.

FM
Originally Posted by Demerara_Guy:
Originally Posted by PRK:
Originally Posted by Demerara_Guy:
Originally Posted by PRK:
Originally Posted by Demerara_Guy:
Originally Posted by Tar_K:

Ashni was right that you can’t take gross revenues from 2004 and extrapolate to 2011 and say NICL has $50 bill.

 

I cannot believe the AFC would make this kind of error.

 

Perhaps it was a purely political decision.

A simple issue, yet one of the numerous AFC's mistakes.

===

 

Not as big a mistake though as the government not reporting audited reports for SEVEN years for NICL. Which mistake is most likely to be associated with theft? 

The specific issue is the correct reporting of information.

----

 

There is no specific issue. Your tone and tendency to dodge speak loudly of your willingness to turn a blind eye to corruption once it comes from PPP. 

Perpetual non-focus in your statements.

---

 

Hehehe...banal at best.

FM

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