Could you please elaborate on these injustices?

Ok .... Redux now we getting some names... It's her husband not her.

 Why is Geeta Singh Kinght who on our lonesome ruined a company not brought before the court for irresponsibility and fraud. We do not know how she lost 32 million US. We do not yet know where and with whom she supposedly invested these monies since the Bahamians said they never received such sum. That needs clarification.  We know she ignored the rules per how much of the assets of the company should be invested abroad. We also know this leech still sits on two boards and the government is unmindful that she is a proven irresponsible person.

 

 

Indeed if any of the people at global trust is culpable for fraud then the regulators ought to do something about it. Why that is not being done and why the PPP agents bring it here as grist for their propaganda machine is surprising.

this has been public knowledge like . . . forever

 

give it a rest con man

 

This sordid affair is surpassed only by the malicious deed of trying to kill Maria when she was hot on their trail. The lady had to take asylum...yes from the glorious Indo run govt PPP. And these people have the audacity to bring up Globe Trust and completely bypass these more recent evils. 

They all should be jailed. If Geeta is guilty then she too should go down. However you continue to lie as you claim that Clico Bbados have no record of receiving the money. You are a fraud. 

How do you folks conclude that I am an agent of the 'Indo run' PPPoutfit? From you analysis, one crime syndicate is better than the other? I will place this on record that i think the PPP is morally corrupt and so is the PNC. I am not an agent for the PPP , but a world does exist outside the PPP, pnc and, AFC and it's called .....common sense!

which "folks" said/concluded that??

Globe trust depositors unlikely to receive another payout- BOG

 

It is highly unlikely that depositors of the failed Globe Trust and Investments Company Limited will receive anymore payouts from the Bank of Guyana (BOG) after this tranche. And, all monies uncollected by depositors will be submitted to the Accountant General.
This was related by BOG’s Governor, Lawrence Williams, yesterday.
According to Williams, BOG followed the liquidation procedures for Licence Financial Institution under the Financial Institution Act that resulted in the payout to depositors. However, many depositors had expressed disappointment with the meager sums issued after waiting 11 years for their monies.
Globe Trust began operating in April 1991 and was licensed in 1999 to conduct depository financial business with authority to engage in Trust business. However, in 2000 and again in 2001 a series of inspections by the BOG found the institution to be in breach of the Financial Institutions Act, and the BOG, with the intention to liquidate, seized the institution in September 2001.
In 2010, Chief Justice (ag), Ian Chang, made a ruling paving the way for payments to depositors to commence. Letters were disseminated to over 3,000 depositors who had savings accounts with balances of $100,000 and less when the Bank of Guyana had stepped in and took control back in 2001.
However, BOG recently issued letters inviting depositors to uplift payments. The letter stated, “Pursuant to an order by the Court under Section 55 (1) (f) of the Financial Institutions Act 1995, dated September 21, 2010, we are in progress of making a final apportionment of payment to depositors with accounts of $100,000 and over.”
“Please therefore contact the Banking Division of the Bank of Guyana, with your passbook or any proof of amount owed and National Identification Card or valid Passport, during working days from 8:00hrs to 12:00 hrs between December 3 – 31, 2012.”
According to Williams, from the collection of monies from debtors and sales of assets BOG was able to pay depositors. However, in keeping with the Financial Institution Act monies owing to Central Bank and taxes were paid. Depositors would have represented the fifth or sixth in line to qualify for any payout.
Williams did not disclose the amount of monies the bank received from all transactions relating to Globe Trust. He said that the Accountant General will have to prepare a report.
The bone of contention is that people who had $100,000 and more saved with Globe Trust are being paid between $4,000 and $8,000. These depositors are seeking answers to the method of calculation that would determine how their money could decline to such an extent.

And they are being supported by their colleagues in Parliament who during the previous Parliament voted against having an investigation conducted on the affairs of Globe Trust 

Nazmoon Zorina Adams: I write concerning the disrespect, dishonesty and blatant “eye pass” shown by the Managing Director and Board of Directors of the now defunct Globe Trust And Investment Company Limited to persons who put their hard earned money into accounts at that financial institution. Large sums of money which were never repaid, were loaned to their friends and associates, some of whom I know personally, without the requisite collateral.
Of course we all know of the “Hand wash Hand”, or the “Yah you Yah me” stories. Some of these persons are alive and well and living right here in Guyana moving about shamelessly and without any remorse.
Their assets should be seized and sold and the proceeds used to pay poor people who were robbed.
I, a housewife, had a small fixed deposit of $380,869.09 prior to the turn of the century, was given a “hand out” of $11,954 last week.
There are Guyanese living abroad whom I know have been saving their pension there and have now lost it.
There are also poor people’s children who have lost their little savings.
I have a cousin who deposited $1,000,000 one day before that institution closed doors, when he returned the following day to transact some other business he was greeted by a closed door. He also was given a pittance last week.
Would any sane person believe that Globe Trust did not know that it would have been out of business the day after they took that man’s money?
They should all be wearing pumpkin suits for their deeds. But again as the saying goes, this is Guyana.

A motion should be tabled in the National Assembly to investigate the Global Trust fiasco

 

Aren't you mudheads still the Government? Don't you have an AG and a DPP?

 

Or are you too stupid to know that?

The bone of contention is that people who had $100,000 and more saved with Globe Trust are being paid between $4,000 and $8,000. These depositors are seeking answers to the method of calculation that would determine how their money could decline to such an extent.

 

Mudhead,

 

Do you get paid by the post or by the word?

The opposition goons are at full throttle trying to derail any thread not favorable to their sinister motives, the Guyanese Populace are no fools and are seeing the joint opposition just what they are, wolves in sheep's clothing, and totally anti-working class...

 

So tell us, how many homosexual orgies have you attended?

'Joker" is seems your sexual orientation maybe in question, if such you should seek help, this forum is no place for such, you goons are trying your best to derail any constructive thread on board.....one tends to wonder why?.....the answer may be simply, those goons are nothing constructive to contribute

 

So tell us the official government position on throwing homosexual orgies in Pradoville

A significant number of Guyanese who'd invested in Globe Trust are now counting their loses.Some are even saying elements in the joint opposition are partly responsible for their misfortunes

 

And the donkey says: