Reply to "US$1M bank deposit for Bond was not red-flagged -Nandlall sees negligence"

kpHonorary Member

@Django posted:
The hotel was built with funding that included five mortgages from the Guyana Bank of Trade and Industry (GBTI) and the $165.7M advance on the sale of rooms to the Government of Guyana.
The Ministry of Culture Youth and Sport has since paid over to the Ministry of Finance the sum of US$598,000 – approximately $119.6M – of the $165.7M that the government had advanced to the hotel. The remainder of the sum of $46.1M was said to have been recovered through room nights at the hotel.
Buddy’s hotel sold to Turkish group
How about this deal ??

An article in MAY, 2008??? It was OK with the PNC .

12/4/2011:03 AM

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