Latest update April 25th, 2024 12:59 AM
Apr 07, 2016 News
Chief Executive Officer (CEO) of the Guyana Energy Agency (GEA), Dr. Mahender Sharma, is
claiming that he is unable to find documents to prove he paid some $156M to an international company.
According to a team of forensic auditors, this claim has placed Sharma under the shadow of suspicion as many crucial questions remain unanswered.
The team from Nigel Hinds Financial Services in its report, noted that the cover page of a Cabinet document with reference number “CP(2003)8:2:k” has the caption, “Central Tender Board procedures being waived to carry out a fuel marking programme at a cost of US$734,000.”
The sum was in relation to payments which were supposed to be paid to Authentix. This is an internationally recognized company which provides fuel marking, excise tax recovery, brand protection, supply chain security, product authentication and banknote authentication solutions to governments.
The forensic auditors noted that Sharma made it clear that he was unable to obtain the enclosed pages for this Cabinet document. The auditors said that these enclosed pages would outline the detailed explanation of how the sum of US$734,000 was expended. This is equivalent to some $156M.
They reiterated that not having access to these documents leaves several questions unanswered.
Jagdeo giving Exxon 102 cent to collect 2 cent.
Apr 25, 2024
By Rawle Toney Kaieteur Sports – The French Diplomatic Office in Guyana, in collaboration with the Guyana Olympic Association and UNICEF, hosted an exhibition on Tuesday evening at the...Kaieteur News – Dr. Bharrat Jagdeo, the General Secretary of the People’s Progressive Party, persists in offering... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]