Guyana Government claims it still has more money to collect in the sale of Guyana Stores Ltd – 16th Jan 2013
All the proceeds from the sale of Guyana Stores Ltd have not been received by the Government of Guyana after the deal signed over 12 years ago. This is according to Head of the Privatization Unit, Winston Brassington.
Brassington said that the resort to Litigation was the only option left after attempts to collect failed. He said in addition to the remaining money owed by The Royal Investment Group, there are two other actions the Privatization Unit has, involving the Guyana Stores matter.
Brassington has faced over the years, a barrage of questions over many of the recent privatization deals entered into by the Government of Guyana.