The fat Penguin has a blow torch on his butt!!!

If the only thing the Granger government did this term is put this man in an orange jump suit it will be half way there for me.

 

Govt. instructs Brassington to explain all NICIL-funded Projects

September 20, 2015 | By | Filed Under News 

By Kiana Wilburg   

For years, the National Industrial and Commercial Investments Limited (NICIL) has been touted to be a parallel treasury in the country.
It was used by the former administration to invest millions of taxpayers’ dollars into highly risky development projects.


NICIL reportedly also spent tens of millions of dollars to build roads, drainage and culverts, and to lay pipelines and in some cases, underground power cables. The developed house lots, complete with infrastructure, were then sold to former President Bharrat Jagdeo, several ministers and Government officials and friends.


With a new board and Chairman in place, the government has instructed the company’s Chief Executive Officer, Winston Brassington, to explain NICIL’s investments into all projects over the years.


He must also honestly state the position of the company’s assets.
This is according to NICIL’s new Chairman Dr. Maurice Odle. Dr. Odle said that there has been one meeting thus far at which Brassington was told to prepare a “position paper” to say what policies and strategies were employed to justify investments made by the company into certain projects.
When this report is prepared, the economist said that it will be examined to inform the future decisions to be taken with the company. Dr. Odle said that Brassington has until month end to submit the “position paper.”
He explained that the paper is expected to give good reasons for investments into the Marriott Hotel, the Berbice River Bridge Company and Pradoville Two scheme.


Dr. Odle said that the Board is already aware of some of the financial assets of the company which are held in several accounts. He reiterated that the Board is particularly interested in this “special business model” that was used to inform the types of investments made by the company.
The NICIL Chairman added that the Board has several concerns.

NICIL Chairman, Dr. Maurice Odle

NICIL Chairman, Dr. Maurice Odle

NICIL CEO, Winston Brassington

NICIL CEO, Winston Brassington

“We have an issue with the dividend policy, the manner in which assets were transferred to persons, what really happens with the proceeds for privatization, the misuse of state lands, the degree to which funds are transferred from NICIL to the Consolidated Fund and one would also like an indication about what really goes into the selection process for certain projects,” the NICIL Chairman expressed.


He added, “In any case, NICIL was just holding too much money and Brassington will have to say why this has been happening. Another concern of the board is the whole business of risk taking. With some of these projects, the former government in joint partnership agreements took most of the risk.


“How is the private investor not made to take any risk? So naturally, we are also concerned with some of the public-private partnership agreements NICIL got into and we want to know everything about it. We want to know why the state was made to take a lot of risk.”


Dr. Odle said that he is also worried about NICIL’s shareholder control in certain companies especially since it has made huge investments while minor investors are given controlling interest.


He confirmed that he was speaking in this context about the Berbice River Bridge Company.


Experts very close to the Bridge have disclosed that the current contractual arrangements allow for two entities to control 50 percent of the company: The NEW GPC and Hand In Hand Trust Corporation.


New GPC, a company owned by Dr. Ranjisinghi ‘Bobby’ Ramroop has close relations to former President Bharrat Jagdeo and, according to an article on chrisram.net some time ago, that company has two Directors on the Berbice Bridge Board.


The structure of the company allows equity shareholders whose investment is less than five percent ($400 million) of the total funds of the company to exercise controlling interest over the company. Of the $400 million, the Ramroop Group owns 40 percent and the Hand-in-Hand Group owns 10 percent.


The contract also provides for the equity shareholders to receive 23 percent on their investments. The coalition government, in the lead up to the May 11, 2015 elections, had accused the previous administration of hijacking the Berbice Bridge Company Inc. (BBCI), deliberately structuring operations in a manner that allowed investors and their close friends with disproportionately small investment to control the company.


Chartered Accountant, Chris Ram, earlier this year, wrote that Government, inclusive of the NIS, owns 76 percent of the issued shares of the company. NICIL, Ram said, owns what is called a Special Share in the company and according to the Articles of Amendment of the company, “No action can be taken by the Bridge Company, without the affirmative vote” of NICIL.


The NIS has $950M in Preference Shares and is entitled to fixed dividends. The equity shareholders are Secure International Finance Company ($80 million); Demerara Contractors Limited ($40M); Hand in Hand Motor & Life Insurance Company ($40M), the Ramroop Group ($160 M) and the NIS ($80 M).


Ram has lamented the fact that despite having some 70 percent of the issued shares as well as a Special Share, control of the company is exercised by less than a handful of entities.


As for the Pradoville Two deal, the Ministry of Housing had called on the country’s State Asset Recovery Unit to investigate that special arrangement as it speaks of abuse of state resources by the previous administration.
The matter is also being examined under forensic audits being carried out at both the Central Housing and Planning Authority (CH&PA) and NICIL.
Minister within the Ministry of Communities, Keith Scott, had disclosed that the area situated at Parcel 172 Plantation Sparendaam and Parcel 237 Plantation Goedverwagting, known by citizens as Pradoville 2 was “mutated” and sold, subject to a Cabinet decision during Bharrat Jagdeo’s last term in office.


The state-owned NICIL/Privatisation Unit was authorized to do all acts necessary to ensure the vesting of the new development project in the CH&PA, the body which is tasked with overseeing housing developments in Guyana.


According to Scott, the allocation of parcels of land to several former ministers, senior Government officials and friends close to the PPP administration, and the method to determine the prices paid, were not assessed by the CH&PA.


He said that CH&PA seemed not to have been in the loop. The infrastructural works were contracted to Atlantic Construction by NICIL/Privatisation Unit.


There is no evidence that the house lots sale was advertised or what procedures were used in the allocations of the parcels of the ocean-front properties.

Original Post

Even though these guys (Jaggy, Brazzy and Bobby) must have tried their best to engage in "legal corruption" I am sure they slipped up somewhere that can be used to haul their asses to jail.  It is extremely difficult to cover all tracks. Just look at the cash jet pilot and what the US did to his ass.

 

This cycle of corruption has to be broken else this current government is not fit.

Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

He must be Indian. His daughter worked for D&T and was involved with one of our audits back in 2000.

Originally Posted by ksazma:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

He must be Indian. His daughter worked for D&T and was involved with one of our audits back in 2000.

Then another Indo 2 b tarred with the Tiefing Coolie Brush. Unless the label of creep is designed for him.

Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

Bhai Seige if he is Indo one more added to to the list

of the cleansing word.

Originally Posted by Django:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

Bhai Seige if he is Indo one more added to to the list

of the cleansing word.

I know you have good intentions about cleansing of corrupt ppl, indians or otherwise. But there is a faction who sees these revelations as reflective on every Indian at home or abroad. We are all racist/thiefing-as deemed by amerindian, putagee and negroes.

 

Take stock. And be prepared, for it might be too late to take a stand when it becomes absolutely necessary.

Originally Posted by VVP:

Even though these guys (Jaggy, Brazzy and Bobby) must have tried their best to engage in "legal corruption" I am sure they slipped up somewhere that can be used to haul their asses to jail.  It is extremely difficult to cover all tracks. Just look at the cash jet pilot and what the US did to his ass.

 

This cycle of corruption has to be broken else this current government is not fit.

He sold hand in hand with his right hand to his brother in his left hand acting both as the buyer and seller. He was trying to pass off NICIL as a private company and not a government holding company. He transformed it from a holding company PPP cash cow as an "investment"company never placing the income in the consolidated fund. For that he should go to jail.

Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

It matters not if he is a Klingon or a hobbit. He is a crook.

Originally Posted by seignet:
Originally Posted by ksazma:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

He must be Indian. His daughter worked for D&T and was involved with one of our audits back in 2000.

Then another Indo 2 b tarred with the Tiefing Coolie Brush. Unless the label of creep is designed for him.

he sat squat in the tar pit and did not care.

Originally Posted by seignet:
Originally Posted by Django:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

Bhai Seige if he is Indo one more added to to the list

of the cleansing word.

I know you have good intentions about cleansing of corrupt ppl, indians or otherwise. But there is a faction who sees these revelations as reflective on every Indian at home or abroad. We are all racist/thiefing-as deemed by amerindian, putagee and negroes.

 

Take stock. And be prepared, for it might be too late to take a stand when it becomes absolutely necessary.

Indians still live in the reflective glory of the PPP for the most part and this is their legacy. That some are tainted in direct interaction is inevitable. You cannot be a crook and expect the world not to notice.

Originally Posted by Danyael:
Originally Posted by seignet:
Originally Posted by ksazma:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

He must be Indian. His daughter worked for D&T and was involved with one of our audits back in 2000.

Then another Indo 2 b tarred with the Tiefing Coolie Brush. Unless the label of creep is designed for him.

he sat squat in the tar pit and did not care.

I b very surprised if Winston Brassington would be penalized by Granger and his government. I wait 2 c. 

Originally Posted by Danyael:
Originally Posted by seignet:
Originally Posted by Django:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

Bhai Seige if he is Indo one more added to to the list

of the cleansing word.

I know you have good intentions about cleansing of corrupt ppl, indians or otherwise. But there is a faction who sees these revelations as reflective on every Indian at home or abroad. We are all racist/thiefing-as deemed by amerindian, putagee and negroes.

 

Take stock. And be prepared, for it might be too late to take a stand when it becomes absolutely necessary.

Indians still live in the reflective glory of the PPP for the most part and this is their legacy. That some are tainted in direct interaction is inevitable. You cannot be a crook and expect the world not to notice.

Well the indoes are watching the current PNC. Dey were big time crooks, reflective of the period.

Originally Posted by seignet:
Originally Posted by Danyael:
Originally Posted by seignet:
Originally Posted by Django:
Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

Bhai Seige if he is Indo one more added to to the list

of the cleansing word.

I know you have good intentions about cleansing of corrupt ppl, indians or otherwise. But there is a faction who sees these revelations as reflective on every Indian at home or abroad. We are all racist/thiefing-as deemed by amerindian, putagee and negroes.

 

Take stock. And be prepared, for it might be too late to take a stand when it becomes absolutely necessary.

Indians still live in the reflective glory of the PPP for the most part and this is their legacy. That some are tainted in direct interaction is inevitable. You cannot be a crook and expect the world not to notice.

Well the indoes are watching the current PNC. Dey were big time crooks, reflective of the period.

First of all, absolute power corrupts. The PPP had it and the inevitable over took them. I do not doubt that if the Granger government takes the whole pie as is offered he and his crew can remain honest. That is expecting a hungry fox not to filch a chicken or two.

Originally Posted by Danyael:
 

First of all, absolute power corrupts. The PPP had it and the inevitable over took them. I do not doubt that if the Granger government takes the whole pie as is offered he and his crew can remain honest. That is expecting a hungry fox not to filch a chicken or two.

Which makes the most pressing issue for Guyana being the reformation of the Constitution because without it, while the government are pursuing the corruption of the PPP, they will neglect their own corruption along the way. Obama wanted the public option on his healthcare bill but relented because he didn't want to squander political capital on it which may have killed his bill. In Guyana, such pragmatism isn't necessary.

Originally Posted by ksazma:
Originally Posted by Danyael:
 

First of all, absolute power corrupts. The PPP had it and the inevitable over took them. I do not doubt that if the Granger government takes the whole pie as is offered he and his crew can remain honest. That is expecting a hungry fox not to filch a chicken or two.

Which makes the most pressing issue for Guyana being the reformation of the Constitution because without it, while the government are pursuing the corruption of the PPP, they will neglect their own corruption along the way. Obama wanted the public option on his healthcare bill but relented because he didn't want to squander political capital on it which may have killed his bill. In Guyana, such pragmatism isn't necessary.

Once again it is about people, leaders visionaries. Guyana had none to date who had influence. Granger can and possibly will but that is to be seen. Note he will need Indian commitment and Indian elites to help but apparently he is rebuffed in all quarters at this point. That will leave him no alternative but to rule with all the powers he has and he has all of it.  Indians should think on it because they are not getting back in office on an indian only ticked. Sue for office on that tired horse and they will be out of office forever. The only chance we have is to seek  a new dispensation. Granger has offered it. No other leader in our history had done that. Even if he turns into a prick in the future remember him for offering to share power so Guyanese can all be tuned to work together. What he becomes is all left to the PPP. If Jagdeo the crook is the lamp bearer of Indian people they are screwed.

Originally Posted by Danyael:
 

Once again it is about people, leaders visionaries. Guyana had none to date who had influence. Granger can and possibly will but that is to be seen. Note he will need Indian commitment and Indian elites to help but apparently he is rebuffed in all quarters at this point. That will leave him no alternative but to rule with all the powers he has and he has all of it.  Indians should think on it because they are not getting back in office on an indian only ticked. Sue for office on that tired horse and they will be out of office forever. The only chance we have is to seek  a new dispensation. Granger has offered it. No other leader in our history had done that. Even if he turns into a prick in the future remember him for offering to share power so Guyanese can all be tuned to work together. What he becomes is all left to the PPP. If Jagdeo the crook is the lamp bearer of Indian people they are screwed.

Or the other scenario. As long as the current government doesn't return to their previous record of rigging the elections, the voters will have a chance to compare where they are in 2020 as compared to where they were in 2015. Just as there is no guarantee that the Indian vote alone can secure victory for the PPP, there is no guarantee that future voters will be conned again as they were in 2015. They current government will have to demonstrate that their governing is superior to the PPP or rig the election to retain office.

Originally Posted by seignet:

Now the racist question. Seeing everything in Guyana amounts to racism.

 

Is Brazzington a Coolie?

 

or, is he a putagee?

 

he definitely doan look black.

WGAF? (Who gives a ,,,,)

 

Creeps come in every colour shape and size. (This one is a mix of Portuguese with lil Black and a toucha Indo, you think is aright now, we could clean he rass out seein he aint all Indian?

Originally Posted by Django:

 

Kaz.. how you conclude the people were conned in

the 2015 elections.

Based on the government's actions so far. Now my conclusion isn't etched in stone. They government has enough time to alter my position. I have no intention of denying them that opportunity.

ksazma posted:
Originally Posted by Django:

 

Kaz.. how you conclude the people were conned in

the 2015 elections.

Based on the government's actions so far. Now my conclusion isn't etched in stone. They government has enough time to alter my position. I have no intention of denying them that opportunity.

Two and a half years later, all my inclinations of the Coalition government are proving true. It took Burnham much longer to become as wicked as Granger has become in less than three years.

ksazma posted:
ksazma posted:
Originally Posted by Django:

 

Kaz.. how you conclude the people were conned in

the 2015 elections.

Based on the government's actions so far. Now my conclusion isn't etched in stone. They government has enough time to alter my position. I have no intention of denying them that opportunity.

Two and a half years later, all my inclinations of the Coalition government are proving true. It took Burnham much longer to become as wicked as Granger has become in less than three years.

Burnham took longer because he blazed the trail. Granger just have to clear the weeds and reclaim the territory!

Burnham was woss than Graingah!

Baseman posted:
ksazma posted:
ksazma posted:
 

Based on the government's actions so far. Now my conclusion isn't etched in stone. They government has enough time to alter my position. I have no intention of denying them that opportunity.

Two and a half years later, all my inclinations of the Coalition government are proving true. It took Burnham much longer to become as wicked as Granger has become in less than three years.

Burnham took longer because he blazed the trail. Granger just have to clear the weeds and reclaim the territory!

Burnham was woss than Graingah!

Granger may just turn out to be wust than Burnham. From all indications he is up on Burnham in one category. He already had blood on his hands before becoming leader. Burnham's hands got blood after he became leader.

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