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New Guyana Government MUST Pass Law To Seize And Auction Off Multi-million Dollar Properties Owned By Current Ruling PPP Government Officials
Posted on March 7, 2011 by David | 2 Comments
Submitted by The Caribbean Guyana Institute for Democracy




President Jagdeo's second house

The tax payers of Guyana are being raped. Guyana’s ruling PPP government officials are building lavish, hundred million dollar homes, which they cannot afford on their normal salaries and with finances for which they cannot account.

There is Pradoville (I) and Pradoville (II); two of many housing developments where PPP government officials have constructed or are constructing sprawling, multi-million dollar homes, allegedly with drug money as well as monies allegedly stolen from Guyanese taxpayers.

President Bharrat Jagdeo Information Liaison, Kwame McCoy, is allegedly also constructing a 100 million dollar home on a regular public servant’s salary. Many more crooks of Jagdeo’s criminal regime, have built or are in the process of constructing such mansions with monies for which they cannot account.



Tax and anti-narcotics laws of Guyana provide for the forfeiture of property in cases where crimes were committed in contravention of these statutes. I wish to go on record as calling for an immediate investigation in to the acquisition of monies by PPP government officials to finance their multi-million dollar homes, including President Bharrat Jagdeo who is now building the second of such homes, on the East Cost Demerara.




President Jagdeo's 120 million dollar house in Paradoville

General elections in Guyana are constitutionally due in 2011. It is heavily anticipated that the election will be in August 2011. PPP officials, it would appear, are in a mad rush to embezzle from the treasury, as well as wrest from drug dealers, billions of dollars in order to finish constructing their extravagant mansions.

If the elections result in a new government, it would be imperative for the new administration to immediately take action to, or enact legislation to, seize and forfeit the properties in question and dispose of same via auction, and revert those monies that were either stolen from the tax payers, for which income tax was not levied upon and/or paid, or which were proceeds from narcotics transactions, to the national treasury.
Original Post

Replies sorted oldest to newest

quote:
Originally posted by TI:
quote:
Originally posted by Rahmah bin Jabr:

The market value of a house lot at Sparendaam is US$200,000.


That's $40 million alone for a house lot.!!!!
In that case house and land for $100 million in Georgetown is not that exhorbitant then.
Why the hue and cry about Jagdeo house?


The ocean front house lots at Sparendaam are very valuable. It's a very exclusive neighborhood. You don't find people like SuperMike living there.
Location, location, location. Wink

Jagdeo misappropriated 2/5 acres of this land and only paid US$25,000 for it when its market value was close to US$1 million.
quote:
Originally posted by Rahmah bin Jabr:
quote:
Originally posted by TI:
quote:
Originally posted by Rahmah bin Jabr:

The market value of a house lot at Sparendaam is US$200,000.


That's $40 million alone for a house lot.!!!!
In that case house and land for $100 million in Georgetown is not that exhorbitant then.
Why the hue and cry about Jagdeo house?


The ocean front house lots at Sparendaam are very valuable. It's a very exclusive neighborhood. You don't find people like SuperMike living there.
Location, location, location. Wink

Jagdeo misappropriated 2/5 acres of this land and only paid US$25,000 for it when its market value was close to US$1 million.
He is a good watch man. They might let him in with a corner hovel so he can help look out for the big boys.
quote:
Originally posted by D2:
quote:
Originally posted by Rahmah bin Jabr:
quote:
Originally posted by TI:
quote:
Originally posted by Rahmah bin Jabr:

The market value of a house lot at Sparendaam is US$200,000.


That's $40 million alone for a house lot.!!!!
In that case house and land for $100 million in Georgetown is not that exhorbitant then.
Why the hue and cry about Jagdeo house?


The ocean front house lots at Sparendaam are very valuable. It's a very exclusive neighborhood. You don't find people like SuperMike living there.
Location, location, location. Wink

Jagdeo misappropriated 2/5 acres of this land and only paid US$25,000 for it when its market value was close to US$1 million.
He is a good watch man. They might let him in with a corner hovel so he can help look out for the big boys.


what's so wrong with being a watch man/security EH???
quote:
Originally posted by SuperMike:
quote:
Originally posted by D2:
quote:
Originally posted by Rahmah bin Jabr:
quote:
Originally posted by TI:
quote:
Originally posted by Rahmah bin Jabr:

The market value of a house lot at Sparendaam is US$200,000.


That's $40 million alone for a house lot.!!!!
In that case house and land for $100 million in Georgetown is not that exhorbitant then.
Why the hue and cry about Jagdeo house?


The ocean front house lots at Sparendaam are very valuable. It's a very exclusive neighborhood. You don't find people like SuperMike living there.
Location, location, location. Wink

Jagdeo misappropriated 2/5 acres of this land and only paid US$25,000 for it when its market value was close to US$1 million.
He is a good watch man. They might let him in with a corner hovel so he can help look out for the big boys.


what's so wrong with being a watch man/security EH???
Nothing wrong with that. Unfortunately you cannot make the big bucks and will have to forget about graft if the AFC forces them into a minority government.
quote:
Originally posted by Rahmah bin Jabr:
quote:
Originally posted by TI:
quote:
Originally posted by Rahmah bin Jabr:

The market value of a house lot at Sparendaam is US$200,000.


That's $40 million alone for a house lot.!!!!
In that case house and land for $100 million in Georgetown is not that exhorbitant then.
Why the hue and cry about Jagdeo house?


The ocean front house lots at Sparendaam are very valuable. It's a very exclusive neighborhood. You don't find people like SuperMike living there.
Location, location, location. Wink

Jagdeo misappropriated 2/5 acres of this land and only paid US$25,000 for it when its market value was close to US$1 million.


are you insane??

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