Special Assistant of the State Asset Recovery Agency (SARA), Eric Phillips and Presidential Advisor on the Environment, Gary Best, have established several companies, one of which is specifically geared to serving the pharmaceuticals industry.

SARA Special Assistant, Eric Phillips

According to the Certificate of Incorporation, Superior Pharmaceutical Company (Guyana) Inc. was incorporated on March 8, 2019. The following persons were appointed as directors: Gary Best, Eric Phillips, Shabakie Fernandes, Philip Springer and Shaun Allicock.
According to the document seen by Kaieteur News, it notes that no director has ceased to hold office.
On March 8, 2019, as well, Best and Phillips formed another company called the Equity Centre (Guyana) Inc. The other director for this firm is Shaun Allicock. The purpose of this business is to carry out financial services or any other business which may profitably and usefully be connected to its purpose.
The third company formed by Phillips and his associates is Entec Capital (Guyana) Inc. It was incorporated on December 6, 2018. The directors listed on the Certificate are Gary Best, Philip Springer, Edmond Grant and Phillips.

Presidential Advisor on the Environment, Gary Best

Phillips appears to also have an interest in the fisheries business. On January 23, 2017, the SARA official and five other persons formed Coastal Fishermen and Marine Services Inc. The directors listed are Relrick Wilkinson, Godfrey Scott, Allison Butters-Grant (deceased), Lelon Saul, Robert Forrester and Phillips.
Since being appointed to the State Asset Recovery Agency (SARA) in 2017, Phillips has been in charge of a number of crucial projects, including being placed as the lead investigator into the award of two oil blocks offshore Guyana by former President, Donald Ramotar just days before he lost the 2015 General and Regional elections.
However, Phillips came under heavy criticism after it came to light that he is party to a pending application for an oil block that is in ultra deep waters. The offshore concession is referred to as Block C.
According to documents from the Guyana Geology and Mines Commission (GGMC) Phillips, who also has no track record in oil exploration, is listed as one of the beneficial owners of a company called ABR Oil and Gas Exploration that has applied for a licence to explore the block that is adjoining the Kaieteur and Canje blocks. Phillips claims, however, that he left ABR last year. He was still a member of SARA at that time.
Furthermore, the application for the licence lists two individuals as ABR’s technical experts: Patrick Assad Ceres who is an environmental engineer and Aisha Jean-Baptiste, a geologist.
The applicants noted that they have US$5M at present to expend on operations under the licence being applied for. These would include gathering geo-scientific data, its subsequent assessment along with purchasing of additional data, identification of potential targets and drilling of prospects. They further noted that the company is Guyanese owned and they intend to utilise Guyanese petroleum engineers and geologists in its work should the licence be granted.

https://www.kaieteurnewsonline...cal-other-companies/

Original Post
Nehru posted:

HEHEHE  THE KINGS OF CORRUPTION AND THEFT!! PNC BABY THAT IS HOW THEY ROLL!!!!

What is exactly corrupt about setting up a company and having as directors persons who also have a job in government? What does the constitution or law says about this? The point I am making is that we should first consider the legal position, and whether any laws was broken. with just 750,000 people in the country, and possibly less than 10,000 educated and financially capable enough to operate at the high end of business and public life, it's hard to avoid having more than one job to do where there is a skills shortage.

Mr.T posted:
Nehru posted:

HEHEHE  THE KINGS OF CORRUPTION AND THEFT!! PNC BABY THAT IS HOW THEY ROLL!!!!

What is exactly corrupt about setting up a company and having as directors persons who also have a job in government? What does the constitution or law says about this? The point I am making is that we should first consider the legal position, and whether any laws was broken. with just 750,000 people in the country, and possibly less than 10,000 educated and financially capable enough to operate at the high end of business and public life, it's hard to avoid having more than one job to do where there is a skills shortage.

Where does the capital come from and where is the expertise with these cronies setting up companies?

Bibi Haniffa posted:

Where does the capital come from and where is the expertise with these cronies setting up companies?

You don't need expertise in the area of work a company is involved in if you are a director of a company. The majority of directors in NASDAC, the Stock Exchange, etc. are hired for their management and money making skills, ability to guide the company, and ability to assembly a winning team of managers etc to take a company to the next level. It's mainly only internal promotion to director where expertise tends to be the guiding factor for the role.
As for money, that is a different issue. But again, what does the law say on setting up a business? Do you have to declare the source of the money that you are starting the business with?  

Mr.T posted:
Bibi Haniffa posted:

Where does the capital come from and where is the expertise with these cronies setting up companies?

You don't need expertise in the area of work a company is involved in if you are a director of a company. The majority of directors in NASDAC, the Stock Exchange, etc. are hired for their management and money making skills, ability to guide the company, and ability to assembly a winning team of managers etc to take a company to the next level. It's mainly only internal promotion to director where expertise tends to be the guiding factor for the role.
As for money, that is a different issue. But again, what does the law say on setting up a business? Do you have to declare the source of the money that you are starting the business with?  

In one instance the company was set up in the name of The African Business Roundtable.  None of its members knew about this.  

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