Bond rental to Health Ministry … New GPC lied about secret $90M payments

“As a supplier, the NEW GPC agreed to provide the warehousing need as a non-fee service.”- Guyana Times, June 22, 2012

Former President Bharrat Jagdeo

New GPC, which was controversially selected to supply Government with billions of dollars in drugs, may have deliberately attempted to hide the fact that it collected almost $100M for renting storage space to the Ministry of Health.
As a matter of fact, the company which has admitted to close ties with former President Bharrat Jagdeo, last year insisted that it was providing warehousing services for free.
Last week, in shocking revelations, health officials testified before a special accounts committee of the National Assembly that between late 2007 and December 2012, New GPC was paid more than $90M to store drugs for Government.
The monies would have mainly come from USAID, a donor agency working with the Health Ministry.
This arrangement ended in mid-2012 but the government continued paying the $1.5M monthly until December.
The bond facility is in the compound of the former Sanata Textiles in Ruimveldt, now owned by Queens Atlantic.