I find it very ironic that a relative of a former leader of the United Force and die hard hater of the PPP has done so much more than anyone to build the PPP into an economic powerhouse for many many elections to come in the future.

Corruption goes beyound politics, and should be condemned at all levels. It's the Guyanese public who are being robbed. So to suggest that it is about a PPP hater implies that you too are corrupt and have had your hands in the theft. Don't try to deny it. You made that quite plain you approve of corruption.

What are you talking about I am a die hard to the end Jaganite.  I am very disturbed about what has happened since the Jagans are no longer in power.

Mr. T The Illiterate

Gerhard You little smut. Shame on you, you are such a dunce

AFC's battle with the ruling party is a real "coolie people quarrel".  It is this same Gerhard who stood in front of the court house supporting murderous PNC criminals  standing trials.

They don't come more corrupt than the Jaganite. Even during the Burnham regime Jaganites were in cahoot with the economic malaise in Guyana.

They were/are the architects of the demise of Guyana, more specifically the Indian people of Guyana.  The current robber-barron class is a product of their philosophy, ideology and leadership development.

Could you please name these murderous PNC criminals and tell us about the out-comes of these trials.

Alliance For Change (AFC) Khemraj Ramjattan has labeled this transaction as another in a string of incestuous dealings. He says, “Winston Brassington signed a special resolution on behalf of a Jonathan Brassington who some time in 2009 became the owner of 2,250,000 of the shares in Hand-in-Hand Trust Co. Inc….With this 45 per cent take of the share issue in 2009, a Brassington became the second largest shareholder in a Brassington-privatised company…This is not only corruption: it meets the test of fraud.”

This Brassy is a brilliant fellow. He really conned the PPP/C. Ramoutar should distance himself away from him and bring him into parliament to be interrogated.

This crook has to be made to pay.

This would constitute insider trading in the US, not sure if the same applies to the laws for security trading in Guyana. But it is a very risky investment and certainly not a sure thing as the AFC would have us believe. 

i think he will be fresh meat in jail i hope them boys have some fun with him we will call it pay back bitch

His brother resides in the US. The Feds can go after him. The insider trading law goes beyond the US border for it's residents and citizens.

 I see in the news anil defending this crook from insider trading. These people are shameless.  Brassington should have a fire wall between his businesses and his family and the one he is in control of. That is the norm. These PPPIte crooks do not see that distinction.

Winston's first cousin is probably the richest Guyanese.  His aunt for many years was Guyana's richest person.  He certainly comes from very old money.  But the Brassingtons always lived very simple lives.  They never showed off their wealth like some others.  If you don't know who they really are you will never know that they are very wealthy.

====

When Guyana started its stock exchange it passed a set of laws governing the capital markets. While I lost my copy of the reforms, I would be very surprised if they did not outlaw insider trading. This is a clear case of conflict of interest. In most societies he would have resigned by now.

It may give the impression of a conflict of interest.  But that maybe all that it is. 

Gerhard likes to make wild claims but feels "hurt" when someone takes a jab at him.

Ask him how the corruption and fraud investigation for the million dollars KFC affair is coming along.

Gerhard said that he was "open"to an investigation. So what is the answer Gerhard ? Cat bit your tongue ?

Breaking News…Brassington buys 50,000 shares for NICIL, and 2.25 million shares in brother’s name

MAY 18, 2012 | BY KNEWS | FILED UNDER NEWS  

http://www.kaieteurnewsonline....-over-of-gncb-trust/

 

NICIL take over of GNCB Trust

Executive Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington, just one day after challenging the opposition members to prove the allegations of corruption against him, is again the centre of another scandal.

This time, Brassington is coming under fire for a transaction that he might have initiated in the name of his brother, Jonathan Brassington, for 2.25 million shares in Hand in Hand Trust Corporation.

 

Brassington was the head of NICIL when it acquired the Guyana National Cooperative Bank (GNCB) Trust. NICIL then sold the GNCB Trust to Hand in Hand Insurance Company.

 

On October 13, 2003, the insurance company passed a special resolution to change the name of the new asset to Hand in Hand Trust Corporation. NICIL, still headed by Brassington, became a major shareholder in the company.

 

NICIL held 250,000 shares in the Trust; the majority of shares was held by Hand in Hand Fire Insurance Company.
In 2009, by order of a resolution passed by the Board of Directors at Hand in Hand Trust Corporation, “the Board authorized an increase in the Trust Corporation Share Capital from $250M to $750M and further authorized the issuance of Preferred/Ordinary Shares to cover the increased Share Capital.”

 

This meant that the Trust increased the volume of shares from 2.5 million to 7.5 million at $100 per share. Immediately, Jonathan Brassington bought 2.25 million shares for $225 million. This purchase gave him a one-third ownership in Hand in Hand Trust Company.

 

By September 2009, Winston Brassington who still represented NICIL as a major shareholder in the Trust company, signed for these shares on behalf of his brother who was at the time and still remains overseas. Jonathan Brassington became the second largest shareholder in the Trust company after Hand in Hand Fire Insurance Company which held just over three million shares. At the same time Brassington, acting on behalf of NICIL, increased its share holdings to 300,000.

Alliance For Change (AFC) Khemraj Ramjattan has labeled this transaction as another in a string of incestuous dealings. He says, “Winston Brassington signed a special resolution on behalf of a Jonathan Brassington who some time in 2009 became the owner of 2,250,000 of the shares in Hand-in-Hand Trust Co. Inc….With this 45 per cent take of the share issue in 2009, a Brassington became the second largest shareholder in a Brassington-privatised company…This is not only corruption: it meets the test of fraud.”

Ramjattan says that what is even more alarming is the fact that this transaction took place mere months before the company plugged a multi-million-dollar investment in the Berbice Bridge. This investment has since been described as a ‘cash cow’ for its investors. “The same Hand-in-Hand Trust is part of the Group which invested hundreds of millions of dollars in the Berbice Bridge Company. Winston Brassington was the financial architect of this project.”

 

Jonathan Brassington

 

The AFC Chairman in responding to Brassington’s challenge to prove corruption says that, “I would advise Mr. Brassington to consult with an attorney before making any further statement to the press…What he is doing, over and above misusing moneys that belong to the Consolidated Fund and therefore the people of Guyana, goes beyond financial incest; it goes beyond corruption: it is financial fraud.”

Ramjattan is also questioning why Brassington is now setting a condition for his resignation when his resignation had been announced several months earlier.
“I hope that Mr. Brassington has not changed his mind so that he can prevent access to the files and records that will conclusively establish the mounting evidence of fraud, corruption and illegalities surrounding NICIL which has surfaced with every passing day.”

Clear example of how the tiefsa work at NICIL.  I did not see Moses Nagmootoo name in this article.  Can you help me NEHRU?

Originally Posted by Gerhard Ramsaroop:

Breaking News…Brassington buys 50,000 shares for NICIL, and 2.25 million shares in brother’s name

MAY 18, 2012 | BY KNEWS | FILED UNDER NEWS  

http://www.kaieteurnewsonline....-over-of-gncb-trust/

 

NICIL take over of GNCB Trust

Executive Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington, just one day after challenging the opposition members to prove the allegations of corruption against him, is again the centre of another scandal.

This time, Brassington is coming under fire for a transaction that he might have initiated in the name of his brother, Jonathan Brassington, for 2.25 million shares in Hand in Hand Trust Corporation.

 

Brassington was the head of NICIL when it acquired the Guyana National Cooperative Bank (GNCB) Trust. NICIL then sold the GNCB Trust to Hand in Hand Insurance Company.

 

On October 13, 2003, the insurance company passed a special resolution to change the name of the new asset to Hand in Hand Trust Corporation. NICIL, still headed by Brassington, became a major shareholder in the company.

 

NICIL held 250,000 shares in the Trust; the majority of shares was held by Hand in Hand Fire Insurance Company.
In 2009, by order of a resolution passed by the Board of Directors at Hand in Hand Trust Corporation, “the Board authorized an increase in the Trust Corporation Share Capital from $250M to $750M and further authorized the issuance of Preferred/Ordinary Shares to cover the increased Share Capital.”

 

This meant that the Trust increased the volume of shares from 2.5 million to 7.5 million at $100 per share. Immediately, Jonathan Brassington bought 2.25 million shares for $225 million. This purchase gave him a one-third ownership in Hand in Hand Trust Company.

 

By September 2009, Winston Brassington who still represented NICIL as a major shareholder in the Trust company, signed for these shares on behalf of his brother who was at the time and still remains overseas. Jonathan Brassington became the second largest shareholder in the Trust company after Hand in Hand Fire Insurance Company which held just over three million shares. At the same time Brassington, acting on behalf of NICIL, increased its share holdings to 300,000.

Alliance For Change (AFC) Khemraj Ramjattan has labeled this transaction as another in a string of incestuous dealings. He says, “Winston Brassington signed a special resolution on behalf of a Jonathan Brassington who some time in 2009 became the owner of 2,250,000 of the shares in Hand-in-Hand Trust Co. Inc….With this 45 per cent take of the share issue in 2009, a Brassington became the second largest shareholder in a Brassington-privatised company…This is not only corruption: it meets the test of fraud.”

Ramjattan says that what is even more alarming is the fact that this transaction took place mere months before the company plugged a multi-million-dollar investment in the Berbice Bridge. This investment has since been described as a ‘cash cow’ for its investors. “The same Hand-in-Hand Trust is part of the Group which invested hundreds of millions of dollars in the Berbice Bridge Company. Winston Brassington was the financial architect of this project.”

 

Jonathan Brassington

 

The AFC Chairman in responding to Brassington’s challenge to prove corruption says that, “I would advise Mr. Brassington to consult with an attorney before making any further statement to the press…What he is doing, over and above misusing moneys that belong to the Consolidated Fund and therefore the people of Guyana, goes beyond financial incest; it goes beyond corruption: it is financial fraud.”

Ramjattan is also questioning why Brassington is now setting a condition for his resignation when his resignation had been announced several months earlier.
“I hope that Mr. Brassington has not changed his mind so that he can prevent access to the files and records that will conclusively establish the mounting evidence of fraud, corruption and illegalities surrounding NICIL which has surfaced with every passing day.”

Clear example of how the tiefsa work at NICIL.  I did not see Moses Nagmootoo name in this article.  Can you help me NEHRU?

Ask Moses about the millions that he billed NICIL for services provided. This was revealed in parliament. Ramjatted was floored when it was revealed in parliament.

Can the AFC leadership ask Moses to return the money ? Ha Ha

billy ram goat what you mean by collie war remember you ppp low life is collie the rest of the people is indians

hehehe gOOD mORNING gni

Originally Posted by Devindra:

Originally Posted by Gerhard Ramsaroop:

Breaking News…Brassington buys 50,000 shares for NICIL, and 2.25 million shares in brother’s name

MAY 18, 2012 | BY KNEWS | FILED UNDER NEWS  

http://www.kaieteurnewsonline....-over-of-gncb-trust/

 

NICIL take over of GNCB Trust

Executive Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington, just one day after challenging the opposition members to prove the allegations of corruption against him, is again the centre of another scandal.

This time, Brassington is coming under fire for a transaction that he might have initiated in the name of his brother, Jonathan Brassington, for 2.25 million shares in Hand in Hand Trust Corporation.

 

Brassington was the head of NICIL when it acquired the Guyana National Cooperative Bank (GNCB) Trust. NICIL then sold the GNCB Trust to Hand in Hand Insurance Company.

 

On October 13, 2003, the insurance company passed a special resolution to change the name of the new asset to Hand in Hand Trust Corporation. NICIL, still headed by Brassington, became a major shareholder in the company.

 

NICIL held 250,000 shares in the Trust; the majority of shares was held by Hand in Hand Fire Insurance Company.
In 2009, by order of a resolution passed by the Board of Directors at Hand in Hand Trust Corporation, “the Board authorized an increase in the Trust Corporation Share Capital from $250M to $750M and further authorized the issuance of Preferred/Ordinary Shares to cover the increased Share Capital.”

 

This meant that the Trust increased the volume of shares from 2.5 million to 7.5 million at $100 per share. Immediately, Jonathan Brassington bought 2.25 million shares for $225 million. This purchase gave him a one-third ownership in Hand in Hand Trust Company.

 

By September 2009, Winston Brassington who still represented NICIL as a major shareholder in the Trust company, signed for these shares on behalf of his brother who was at the time and still remains overseas. Jonathan Brassington became the second largest shareholder in the Trust company after Hand in Hand Fire Insurance Company which held just over three million shares. At the same time Brassington, acting on behalf of NICIL, increased its share holdings to 300,000.

Alliance For Change (AFC) Khemraj Ramjattan has labeled this transaction as another in a string of incestuous dealings. He says, “Winston Brassington signed a special resolution on behalf of a Jonathan Brassington who some time in 2009 became the owner of 2,250,000 of the shares in Hand-in-Hand Trust Co. Inc….With this 45 per cent take of the share issue in 2009, a Brassington became the second largest shareholder in a Brassington-privatised company…This is not only corruption: it meets the test of fraud.”

Ramjattan says that what is even more alarming is the fact that this transaction took place mere months before the company plugged a multi-million-dollar investment in the Berbice Bridge. This investment has since been described as a ‘cash cow’ for its investors. “The same Hand-in-Hand Trust is part of the Group which invested hundreds of millions of dollars in the Berbice Bridge Company. Winston Brassington was the financial architect of this project.”

 

Jonathan Brassington

 

The AFC Chairman in responding to Brassington’s challenge to prove corruption says that, “I would advise Mr. Brassington to consult with an attorney before making any further statement to the press…What he is doing, over and above misusing moneys that belong to the Consolidated Fund and therefore the people of Guyana, goes beyond financial incest; it goes beyond corruption: it is financial fraud.”

Ramjattan is also questioning why Brassington is now setting a condition for his resignation when his resignation had been announced several months earlier.
“I hope that Mr. Brassington has not changed his mind so that he can prevent access to the files and records that will conclusively establish the mounting evidence of fraud, corruption and illegalities surrounding NICIL which has surfaced with every passing day.”

Clear example of how the tiefsa work at NICIL.  I did not see Moses Nagmootoo name in this article.  Can you help me NEHRU?

Ask Moses about the millions that he billed NICIL for services provided. This was revealed in parliament. Ramjatted was floored when it was revealed in parliament.

 

Can the AFC leadership ask Moses to return the money ? Ha Ha

Intelligence is virtue?  Did you read the article?

Why are you running from the core issues YUJI/BILLY RAM GOAT and what is your other handle Kwame?

I asked did you see Moses name in that article on white collar theft?

Answer the question and stop flouncing all over the place like a yard fowl!

Then again, this is one of Dem ghotay Dhal story, right??   This came up mant times before. I think GR does fall in a coma and when he wakes up, he post things again and again. Hope he too dont fall asleep in his mash Potatoes.

Hopefully Nehru will keep this answer for the Judge when he is in front of him in a different administration.

Originally Posted by yuji22:

Originally Posted by Devindra:

Originally Posted by Gerhard Ramsaroop:

Breaking News…Brassington buys 50,000 shares for NICIL, and 2.25 million shares in brother’s name

MAY 18, 2012 | BY KNEWS | FILED UNDER NEWS  

http://www.kaieteurnewsonline....-over-of-gncb-trust/

 

NICIL take over of GNCB Trust

Executive Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington, just one day after challenging the opposition members to prove the allegations of corruption against him, is again the centre of another scandal.

This time, Brassington is coming under fire for a transaction that he might have initiated in the name of his brother, Jonathan Brassington, for 2.25 million shares in Hand in Hand Trust Corporation.

 

Brassington was the head of NICIL when it acquired the Guyana National Cooperative Bank (GNCB) Trust. NICIL then sold the GNCB Trust to Hand in Hand Insurance Company.

 

On October 13, 2003, the insurance company passed a special resolution to change the name of the new asset to Hand in Hand Trust Corporation. NICIL, still headed by Brassington, became a major shareholder in the company.

 

NICIL held 250,000 shares in the Trust; the majority of shares was held by Hand in Hand Fire Insurance Company.
In 2009, by order of a resolution passed by the Board of Directors at Hand in Hand Trust Corporation, “the Board authorized an increase in the Trust Corporation Share Capital from $250M to $750M and further authorized the issuance of Preferred/Ordinary Shares to cover the increased Share Capital.”

 

This meant that the Trust increased the volume of shares from 2.5 million to 7.5 million at $100 per share. Immediately, Jonathan Brassington bought 2.25 million shares for $225 million. This purchase gave him a one-third ownership in Hand in Hand Trust Company.

 

By September 2009, Winston Brassington who still represented NICIL as a major shareholder in the Trust company, signed for these shares on behalf of his brother who was at the time and still remains overseas. Jonathan Brassington became the second largest shareholder in the Trust company after Hand in Hand Fire Insurance Company which held just over three million shares. At the same time Brassington, acting on behalf of NICIL, increased its share holdings to 300,000.

Alliance For Change (AFC) Khemraj Ramjattan has labeled this transaction as another in a string of incestuous dealings. He says, “Winston Brassington signed a special resolution on behalf of a Jonathan Brassington who some time in 2009 became the owner of 2,250,000 of the shares in Hand-in-Hand Trust Co. Inc….With this 45 per cent take of the share issue in 2009, a Brassington became the second largest shareholder in a Brassington-privatised company…This is not only corruption: it meets the test of fraud.”

Ramjattan says that what is even more alarming is the fact that this transaction took place mere months before the company plugged a multi-million-dollar investment in the Berbice Bridge. This investment has since been described as a ‘cash cow’ for its investors. “The same Hand-in-Hand Trust is part of the Group which invested hundreds of millions of dollars in the Berbice Bridge Company. Winston Brassington was the financial architect of this project.”

 

Jonathan Brassington

 

The AFC Chairman in responding to Brassington’s challenge to prove corruption says that, “I would advise Mr. Brassington to consult with an attorney before making any further statement to the press…What he is doing, over and above misusing moneys that belong to the Consolidated Fund and therefore the people of Guyana, goes beyond financial incest; it goes beyond corruption: it is financial fraud.”

Ramjattan is also questioning why Brassington is now setting a condition for his resignation when his resignation had been announced several months earlier.
“I hope that Mr. Brassington has not changed his mind so that he can prevent access to the files and records that will conclusively establish the mounting evidence of fraud, corruption and illegalities surrounding NICIL which has surfaced with every passing day.”

Clear example of how the tiefsa work at NICIL.  I did not see Moses Nagmootoo name in this article.  Can you help me NEHRU?

Ask Moses about the millions that he billed NICIL for services provided. This was revealed in parliament. Ramjatted was floored when it was revealed in parliament.

 

Can the AFC leadership ask Moses to return the money ? Ha Ha

 

 

Intelligence is virtue?  Did you read the article?

 

Why are you running from the core issues YUJI/BILLY RAM GOAT and what is your other handle Kwame?

 

I asked did you see Moses name in that article on white collar theft?

 

Answer the question and stop flouncing all over the place like a yard fowl!

I see that you are deeply affected when we call into question the millions that Moses collected for services provided to NICIL. We are talking about NICIL here. This information was revealed in parliament. 

This is not dem boys seh toilet paper reporting. 

Originally Posted by Devindra:

Originally Posted by yuji22:

Originally Posted by Devindra:

Originally Posted by Gerhard Ramsaroop:

Breaking News…Brassington buys 50,000 shares for NICIL, and 2.25 million shares in brother’s name

MAY 18, 2012 | BY KNEWS | FILED UNDER NEWS  

http://www.kaieteurnewsonline....-over-of-gncb-trust/

 

NICIL take over of GNCB Trust

Executive Director of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington, just one day after challenging the opposition members to prove the allegations of corruption against him, is again the centre of another scandal.

This time, Brassington is coming under fire for a transaction that he might have initiated in the name of his brother, Jonathan Brassington, for 2.25 million shares in Hand in Hand Trust Corporation.

 

Brassington was the head of NICIL when it acquired the Guyana National Cooperative Bank (GNCB) Trust. NICIL then sold the GNCB Trust to Hand in Hand Insurance Company.

 

On October 13, 2003, the insurance company passed a special resolution to change the name of the new asset to Hand in Hand Trust Corporation. NICIL, still headed by Brassington, became a major shareholder in the company.

 

NICIL held 250,000 shares in the Trust; the majority of shares was held by Hand in Hand Fire Insurance Company.
In 2009, by order of a resolution passed by the Board of Directors at Hand in Hand Trust Corporation, “the Board authorized an increase in the Trust Corporation Share Capital from $250M to $750M and further authorized the issuance of Preferred/Ordinary Shares to cover the increased Share Capital.”

 

This meant that the Trust increased the volume of shares from 2.5 million to 7.5 million at $100 per share. Immediately, Jonathan Brassington bought 2.25 million shares for $225 million. This purchase gave him a one-third ownership in Hand in Hand Trust Company.

 

By September 2009, Winston Brassington who still represented NICIL as a major shareholder in the Trust company, signed for these shares on behalf of his brother who was at the time and still remains overseas. Jonathan Brassington became the second largest shareholder in the Trust company after Hand in Hand Fire Insurance Company which held just over three million shares. At the same time Brassington, acting on behalf of NICIL, increased its share holdings to 300,000.

Alliance For Change (AFC) Khemraj Ramjattan has labeled this transaction as another in a string of incestuous dealings. He says, “Winston Brassington signed a special resolution on behalf of a Jonathan Brassington who some time in 2009 became the owner of 2,250,000 of the shares in Hand-in-Hand Trust Co. Inc….With this 45 per cent take of the share issue in 2009, a Brassington became the second largest shareholder in a Brassington-privatised company…This is not only corruption: it meets the test of fraud.”

Ramjattan says that what is even more alarming is the fact that this transaction took place mere months before the company plugged a multi-million-dollar investment in the Berbice Bridge. This investment has since been described as a ‘cash cow’ for its investors. “The same Hand-in-Hand Trust is part of the Group which invested hundreds of millions of dollars in the Berbice Bridge Company. Winston Brassington was the financial architect of this project.”

 

Jonathan Brassington

 

The AFC Chairman in responding to Brassington’s challenge to prove corruption says that, “I would advise Mr. Brassington to consult with an attorney before making any further statement to the press…What he is doing, over and above misusing moneys that belong to the Consolidated Fund and therefore the people of Guyana, goes beyond financial incest; it goes beyond corruption: it is financial fraud.”

Ramjattan is also questioning why Brassington is now setting a condition for his resignation when his resignation had been announced several months earlier.
“I hope that Mr. Brassington has not changed his mind so that he can prevent access to the files and records that will conclusively establish the mounting evidence of fraud, corruption and illegalities surrounding NICIL which has surfaced with every passing day.”

Clear example of how the tiefsa work at NICIL.  I did not see Moses Nagmootoo name in this article.  Can you help me NEHRU?

Ask Moses about the millions that he billed NICIL for services provided. This was revealed in parliament. Ramjatted was floored when it was revealed in parliament.

 

Can the AFC leadership ask Moses to return the money ? Ha Ha

 

 

Intelligence is virtue?  Did you read the article?

 

Why are you running from the core issues YUJI/BILLY RAM GOAT and what is your other handle Kwame?

 

I asked did you see Moses name in that article on white collar theft?

 

Answer the question and stop flouncing all over the place like a yard fowl!

I see that you are deeply affected when we call into question the millions that Moses collected for services provided to NICIL. We are talking about NICIL here. This information was revealed in parliament. 

 

This is not dem boys seh toilet paper reporting. 

Moses earned the money that he collected from NICIL unlike those scum sucking PPP crapauds who are daily robbing the treasury of billions. I guess it's difficult for you to understand the difference between earning and robbing, given your corrupt moral standards.

The expropriation of the people's monies continue.