GT&T CEO Yog Mahadeo Resigns, Joe Singh & Sonita Jagan backn in.
The Guyana Telephone and Telegraph Company today confirmed that its Chief Executive Officer Yog Mahadeo had tendered his resignation and it had been accepted. Mahadeo’s resignation came after the board of the company revealed to him the findings of a special audit which found a number of irregularities in the operations of the company. Irregulaties that Capitol News understand point straight to the finance department. The Chief Financial Officer Royston Rajpaul and 3 other senior finance officers have all been dismissed by the company. They were sent on leave at the start of the audit.
In a statement this afternoon Mahadeo said he decided to resign because everything took place under his watch.
Though he said the board did not go into the specifics of the irregularities he said he still thought it best to resign and said he also felt betrayed by those who the company fired.
The Board has asked former CEO Major General (rt’d) Joe Singh to take that position back and another former CEO Sonita Jagan will take over the position of Chief Financial Officer. Mahadeo will stay on for 6 more weeks as part of the transition. He said GT&T has asked that he continue to represent the Company on the Private Sector Commission where he was elected as the Chairman only yesterday