Category: mftctsdx

Brassington, Ramotar confirm US$5M still owed by Chinese company

first_imgSale of GTT shares“As at Dec 31, 2015 no monies were paid” – Auditor Goolsarran Immediate past president of Guyana Donald Ramotar, under whose tenure the government disposed of its 20 per cent shares in the Guyana Telephone and Telegraph (GTT) by sale to a Chinese company, has come out swinging at the 10-month-old A Partnership for National Unity/Alliance For Change (APNU/AFC) government after the administration said on Wednesday the Datang Telecom Technology and Industry Group, which bought the shares, has already repaid the outstanding US$5 million; however, there seems to be no record of the payment.Former Executive Director of NICIL Winston BrassingtonMinister of State Joseph HarmonIn 2012, Datang purchased government’s shares at the cost of US$30 million from the National Industrial and Commercial Investments Limited (NICIL) and based on the agreement with the then People’s Progressive Party/Civic (PPP/C) Administration, the company paid off US$25 million and had two years to make the outstanding payment. The PPP/C had long maintained that the outstanding monies were not paid and after assuming office last year the APNU/AFC regime undertook to recoup the monies; hence Minister of State Joseph Harmon’s recent trip to China.But, a post-Cabinet briefing on Wednesday revealed that based on documentation in the government’s possession, the moneys were paid long before the May 11, 2015 General and Regional Elections.“What I can say is that Mr Harmon has been able to retrieve some documents which tell a different story. That story being, of course, that the five million was paid so we are trying to track down to whom, how, where and when,” Trotman revealed to reporters.While the Government spokesperson did not provide many details in relation to the information found on the payment by the Chinese company, he did hint it was made under the previous Administration when he said “that was before May 16, 2015”.However, Ramotar in a statement on Thursday rejected the government’s claim and said the claim by government that the money was received is a lie. “I challenge the government to present the “documents” it has received (under suspicious and questionable circumstances) so that the veracity of the evidence can be tested and authenticated,” Ramotar dared.It was under Ramotar’s presidency the government sold its shares in GTT and according to the former President, the transaction was public, including NICIL’s efforts to pursue legal recourse in the UK to collect the outstanding balance.The PPP/C administration never had any reason to doubt the word of NICIL’s competent technical staff when they said the amounts were outstanding and every effort was being made to pursue, Ramotar added.“Any claim that amounts were paid, would not be hard to prove,” Ramotar stated, adding that NICIL was the sole entity authorised to receive the payments.“One would assume that had NICIL received this money then there would be a receipt or some form of banking documentation to show its payments. Any claim that some other entity or person received this money would also be easy to prove or disprove,” he reasoned.DistractionThe Former President believes that the APNU/AFC administration’s insinuation that the money was paid to someone else or some other entity other than NICIL prior to the May 2015 elections is a distraction from “the real issues”, adding that the cantankerous claims of massive corruption under the PPP/C administration have yet to be proven.Ramotar said this latest claim is a political ploy to appeal to people’s emotions as the nation demands explanations on who really paid for Harmon’s trip to China, the naming of the ‘honorific’ advisors and party contributors, and demands for decisive actions against the spiralling crime rate.Brassington’s takeMeanwhile, former Executive Director of NICIL Winston Brassington in an invited comment told Guyana Times he was unaware the outstanding monies were paid to NICIL up until December 31, 2015.“If it was paid, then the seller can easily produce evidence showing this.  Payments of this nature are transferred via the banking system (wire transfer) from one bank to another and easy to check and validate. Given that the first payment was wired directly to NICIL’s US dollar bank account in Guyana, I would expect the remaining US$5M to have followed the same course,” Brassington said.He clarified that after the payment of the initial US$25 million by Datang, there has been no amendments to the sale contract up to the time of him being a part of NICIL.“Any amendment is required to be executed in writing by both parties. As such nonpayment would be deemed a breach of contract. The Chinese buyer should bear the responsibility to prove evidence of payment per the contract terms,” he stated, adding that his comment was simply to avoid speculation on NICIL’s actions while he was at the helm.Auditor’s takeMeanwhile, speaking with this publication on Thursday, Anand Goolsarran who conducted an audit into the operations of NICIL said based on his examination of the books of the holding company, as at December 31, 2015, the monies were not paid to NICIL.He noted that Brassington did indicate in the management response to the Audit that the monies were still outstanding and that legal proceedings were being initiated to recoup that money.He made it clear that he was not confirming or denying the monies were paid, however, he would like to see the documents which Minister Harmon claimed he has in his possession. When the US$25 million was paid initially, it was made by international wire instructions, from one bank to another, thus making the payment easily traceable.As such, the question is now being asked, if the outstanding US$5 million was indeed paid, then why the government has not yet explored that option (to trace the payment) rather than to “throw it out in public” without a proper or concrete position.Questions are also being asked that if indeed Minister Harmon received “documents” to show that the monies were paid, those very documents must say who or which entity received the payments.At a press conference late last year former Head of NICIL Winston Brassington had stated that efforts were afoot to recoup the monies.Brassington had even defended selling the shares to the Chinese company, explaining that the share-offer was advertised more than 40 times locally and close to 30 times overseas. He added that government had even written all the embassies and consulates and in the end, the highest offer received was US$7 million.Meanwhile, Attorney at law and PPP Member of Parliament Anil Nandlall in commenting on the issue of the sale said that the Coalition Government is attempting to manufacture a controversy over the sale of the shares at GT&T. He said that this attempt is “obviously to distract attention” from the perpetual scandals that they have been recently generating.He pointed out that the “concocted controversy” seems to be whether or not the balance of US$5M was paid. “If the purchaser is asserting that this money was paid, then all they have to do is to produce the evidence of this payment. They must have some credible evidence that they made this payment and they must know to whom or to which company this payment was made,” he said.According to Nandlall, unless someone in the Coalition Government received the money and is refusing to acknowledge receipt or did a write-off then proof of payment should be produced.“The next step for the Government is litigation to recover the debt. There are several lawyers in the Cabinet and it remains a mystery how they cannot advise on such a simple matter. Unless, of course, as I indicated, someone is not making full and frank disclosures on this matter.”last_img read more

Superbet gives back to communities through annual back to school drive

first_imgScores of young children within the communities of Kaneville, on the East Bank of Demerara (EBD) and Albouystown, Georgetown, were beneficiaries of school items, courtesy of Superbet, on Monday.The annual event which is aimed at giving back to the communities in which the company presently operates, saw over 250 children getting backpacks and other school supplies.Marketing Personnel,Nicholai PrimoAt a simple handing over ceremony in Albouystown, Marketing Personnel for the subsidiary company of Guyana Holding Inc, Nicholai Primo briefly explained that the initiative is a demonstration of the organisation’s support for youth development.“Superbet, besides being an organisation that’s business-centred, we often try to give back to the communities in ways we can be recognised. We care a lot about our youths so this project is to ensure that they have a stepping stone towards the new school term and we wanna ensure that we remain close to the community and to our youths, so basically, we are just trying to be present in the lives of these kids. We’ve delivered a lot of joy today.” Primo noted.A child receives a backpack from Marketing Personnel, Nicholai Primo at the Albouystown driveThe drive is expected to continue today in other communities.“We’re donating to not just Albouystown but as well in Grove”.last_img read more

Killbillies still undefeated after tournament in Terrace

first_imgTERRACE, B.C. — The Fort St. John Killbillies still have a perfect record this season after going 3-and-0 at a tournament in Terrace over the weekend.The Killbillies faced off against the Rated PG Roller derby team and the North Coast Nightmares on Saturday, before taking on Quesnel’s Gold Pain City on Sunday. The squad managed to demolish the competition, beating Prince George by over 200 points, and getting a 150-point margin over Quesnel. The closest match by far was against the host team, whom the Killbillies beat 187-90.The Killbillies are back on the road once again this weekend, for what will arguably be their toughest matches of the season. The team is heading to the Flat Track Fever tournament in Calgary, where 11 other teams will be competing. Killbillies President Jenna ‘Jennacide’ Hildebrand says that the squad will be facing off against Calgary’s Kill Jills, Regina’s Sugar Skulls, and a team from the Kootenays that goes by the name “The Coalition.”- Advertisement -Hildebrand says that the matches should be close, as some the teams they’ll be facing are higher in the national rankings.The Killbillies will have coverage of the tournament on their Facebook page.last_img read more


first_imgFEATUES: Donegal based Elite Dance Academy have been crowned All Ireland Champions!The dance academy is run by Clare McCarron and is based in Buncrana. Patrick Gill won the overall U12 Popping Champion. 2Krew4U finished second in the crews category – while Niamh mc Fadden finsished a respectable 6th in her solo category.Courtney Clare finished in 3rd place in the Locking Battles while Natasha Grant came 4th in her Locking Battles category.Aoife Mc Eleney and Aoife Mc Gill  finished 2nd in the Champion Doubles – while Niamh McFadden and Caoimhe Doherty came 3rd in the doubles category. Clare McCarron told Donegal Daily, “I am so delighted and proud of all my Dancers they were amazing!“We have had an amazing year – we are only back from the World Hiphop Championships and now  to get these amazing results at the All-Irelands is sensational.“We have such a hard working and dedicated team, I’m so proud of them all.“Our main man Mr Paddy Popper aka Patrick Gill came 1st in the Under 12 popping Battles!“He is the son of Jeanette and Denver Gill, this young man stayed as cool and let the music take over his body.“Patrick had to battle his way to win and at the young age of only 10 the talent this man has is an Inspiration! “I’m so delighted and proud to have the number ONE All-Ireland Champion Under 12 Popper at Elite Dance Academy – My Dancers are just incredible.DONEGAL DANCE ACADEMY CROWNED ALL-IRELAND CHAMPIONS! was last modified: October 12th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:EntertainmentFeatureslast_img read more


first_imgA 100 year old Christmas ‘box’ has been donated to a museum for safe-keeping.The gift, which contains a Christmas card and even some tobacco, was given to a Donegal soldier by Britain’s Princess Mary in 1914.Now the family of Lieutenant Corporal Andrew Alexander Andrews from Dunfanaghy have donated their unique brass-boxed gift to the Donegal County Museum in Letterkenny. The gift box, which survived two world wars, also contains a picture of Princess Mary.Curator of Donegal County Museum Caroline Carr said the gift is a rare find.“The fact that it is in such good condition and contains all the gifts including the card, the picture of Princess Mary and especially the tobacco, makes it very special.“I don’t think there are to many of them in such complete condition about,” she said. The gift box was one of thousands of boxes sent to soldiers as part of a ‘Sailors and Soldiers Christmas Fund.’Princess Mary, the 17 year old daughter of King George V and Queen Mary, had wanted to send a gift to everyone wearing the King’s uniform serving overseas on Christmas Day, 1914.More than £200,000 was raised by the public to send the gifts to more than 350,000 service people in time for Christmas Day.Those who didn’t smoke and boys received a pencil and a packet of sweets instead while nurses were given bars of chocolate.The brass box measures 13cms by 8cms and was made so it could fit in soldier’s pockets. The Christmas card sent by Princess Mary contained the poignant message ‘Merry Christmas and a Victorious New Year.’“Little did they know that they would be in store for them during the years that followed,” said curator Ms Carr.Lieutenant Corporal Andrews received his gift but was seriously wounded on the first day of the Battle of the Somme on July 1st, 1916.He was not rescued until two days later until July 3rd when he managed to crawl towards the Allied lines. REVEALED: THE 100-YEAR-OLD CHRISTMAS BOX GIVEN BY PRINCESS TO DONEGAL SOLDIER was last modified: December 17th, 2011 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more


first_imgJack Green with the 2012 ‘Hall of Fame’ winner Eamonn Coyle and Peter O’Donnell who received the ‘Appreciation Award’.Donegal sport will celebrate tonight with the county’s premier presentation awards ceremony in the Mount Errigal Hotel.It’s the 38th Donegal Sports Star Awards function where the successes of 2013 will be marked by the committee with over a 100 nominees battling it out for the top honours.The FAI CEO John Delaney is the special guest for the Donegal County Council sponsored show. The local authority will be represented by the Mayor Cllr Ian McGarvey and the County Manager Mr Seamus Neely. A limited number of tickets are still available by ringing the Mount Errigal Hotel on 9106700.Karl Lacey was the 2012 ‘Overall Winner’ and the sporting public has been speculating over the past month on who will be named for top honour tonight? Among the contenders are expected to be Michael Murphy, Jason Quigley, Larissa Muldoon, Nora Stapleton, Natalie McCarron, Jason Black and Mark English.It’s not all about winners on the field as the Donegal Sports Star Awards committee also recognizes the volunteers who do the behind the scenes work like coaching, club development and games promotion. The ‘Hall of Fame’ and ‘Appreciation’ categories are an integral part of the awards ceremony while picking the team of the year was another tricky assignment for the judging panel. For the first time the committee will recognize an achiever in a new category for transplant sports. Vienna White is the first winner after picking up silver and bronze medals at the World Transplant Games in South Africa.There are eight schools awards, which hold a very special place in the long history of the awards ceremony. The Mayor of Donegal Cllr Ian McGarvey will make the presentations to the schools winners.  A NIGHT FOR CELEBRATION AT THE OFFICIAL DONEGAL SPORTS STAR AWARDS was last modified: January 31st, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DONEGAL SPORTS STAR AWARDSlast_img read more


first_imgMáirtín Mac Crábhagáin captures the frost in a different way today.His picture – entitled Frosty In Lifford – certainly looks that way.  IT’S FROSTY IN LIFFORD! was last modified: December 28th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:frostLiffordlast_img read more

Jesús Luzardo steals show with electric second A’s spring outing

first_imgDodgers hitters appeared uncomfortable throughout their at-bats against … MESA, Ariz. — The Jesús Luzardo hype train is operating at full speed.The A’s top prospect was dominant in his two innings of work against the Dodgers Wednesday afternoon. Luzardo struck out three of the seven batters he faced with the only baserunner reaching on an error.Two shutout innings for Luzardo with three strikeouts.— Martín Gallegos (@MartinJGallegos) February 27, 2019last_img read more

A’s kiss April goodbye, look ahead to a more plentiful May

first_imgMired in their longest losing streak since early September of 2017 (eight games from Aug. 28 to Sept. 5 of 2017), the A’s have been unfortunately consistent in all facets of the game.From defensive miscues to starters departing early to dormant bats, they have failed in all ways imaginable during their current five-game losing streak.After collecting just three hits in Tuesday’s 5-0 loss at Boston, the lineup is hitting .159 (25-for-164) during the stretch, having just buttered their bread …last_img read more

Survival of the Slowest

first_imgWithout stopping to think, the BBC News claimed that evolution is slowing snails down.  “Natural selection is favouring snails with reduced metabolic rates, researchers in Chile have discovered.”  Why would evolution do such a thing?  Isn’t the proverbial slowest of beasts already at risk of predators?  Not necessarily.  Look on the positive side: “Snails with lower metabolisms are at an advantage because they have more energy to spend on other activities such as growth or reproduction, the researchers say in the journal Evolution.”  Don’t tell that to your spouse.  The authors were not sure whether the decreased metabolism really made the snails crawl slower, but they figured that “nature is selecting for snails that are more energy efficient,” the article said.  It didn’t say whether the snails are turning green.All we need to do is repeat the prose from the 12/19/2007 commentary:The Story of EvolutionEvolution explains more complexity, and more simplicity.  It explains why flight arose in some birds, but was lost in others.  With evolution, organs and genomes can become more complicated, or more streamlined.  Eyes emerge through evolution, but eyes are also lost by evolution.  Evolution makes the cheetah fast but the sloth slow.  By evolution, dinosaurs grow to skyscraper size, and hummingbirds grow tiny.  With evolution, peacocks grow more flashy and crows more black, giraffes tall and flatworms flat.  Evolution explains predator and prey, loner and herder, light and dark, high and low, fast and slow, profligacy and stinginess, terrorism and altruism, religion and atheism, virtue and selfishness, psychosis and reason, extinction and fecundity, war and peace.  Evolution explains everything.Now you understand why nothing in biology makes sense except in the “light” of evolution.  By stating at the outset that “whatever happens, evolution did it,” evolution can’t be falsified.  It’s a completely vacuous theory that is true by definition.  It explains opposite things.  It can’t possibly be wrong, if you can mold enough skulls full of mush to accept the premise.  The only hard part is making up the just-so story to explain the de jure fact.  We think people should go for de facto facts.(Visited 44 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more