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FM
Former Member

Former Finance Minister Jordan arrested for sale of Ogle lands

Apr 29, 2022 News --- Source --- Kaieteur News --- https://www.kaieteurnewsonline...-sale-of-ogle-lands/

Kaieteur News – Guyana’s Former, Finance Minister, Winston Jordan was on Thursday, arrested by ranks of the Special Organised Crime Unit (SOCU) for the alleged illegal land deals made with private investors for prime state lands located in Ogle on the East Coast Demerara (ECD).

Former Finance Minister, Winston Jordan

The land transaction reportedly took place when Jordan was in office under the APNU+AFC Coalition administration. Confirming Jordan’s recent arrest with Kaieteur News was SOCU’s boss, Senior Police Superintendant, Fazil Karimbaksh. He said his investigating ranks had detained Jordon for questioning in relation to the land sale that took place after December 21, 2018 following a no-confidence vote against his government. He has since been released on his own self recognizance as the investigation continues.

In November, 2020, the present administration had asked SOCU to investigate land transactions conducted by the former coalition government, A Partnership for National Unity + Alliance for Change (APNU+AFC). One such controversial transaction was the giveaway of prime Ogle lands worth billions. Attorney General and Minister of Legal Affairs, Anil Nandlall had stated back then that a review by the Auditor General’s office had found that no legal course of action was followed in the distribution of the state assets. Nandlall had pointed out that the coalition did not publish an expression of interest or advertisement inviting persons to apply for the lands. He had said, “What is [astonishing] is how persons were told that land is available for giveaway. You cannot look at any of the records and determine that Expressions of Interest were made.”

Prior to the AG’s statement, Kaieteur News had been extensively reporting on the suspicious land deals made under Jordan’s watch. It had exposed how Jordon and state agency, National Industrial and Commercial Investments Limited (NICIL) had vested lands without receiving any monies. NICIL was at the time under the control of Colvin Heath London and one of the most glaring case involves a developer by the name of Navigant Builders (Windsor Estates), which had plans of developing a prestigious housing scheme at Ogle without issuing any payment to the then government. According to reports Navigant Builders was gifted 30 acres of land worth some $900M.

When the current government, the Peoples Progressive Party Civic (PPP/C) took office in August 2020, Navigant Builders and four other developers decided to return the acres of lands that were vested to them. The developers had premised their rescinding on the fact that they wanted to engage with the new government on transparent terms.

This is not the first time that Jordan has been arrested by SOCU for suspicious deals for state assets. In December 2021 he was arrested for reportedly selling the Kingston Wharf to BK Marines Limited for only one percent of its total value. The state property was valued at US$40M but was reportedly sold to the local company for only $US500, 000.

Magistrate recuses self from Jordan’s misconduct in public office case

Apr 30, 2022 News -- Source -- Kaieteur News Online -- https://www.kaieteurnewsonline...-public-office-case/

Kaieteur News – Principal Magistrate at the Georgetown Magistrates’ Courts, Sherdel Isaacs-Marcus, on Friday recused herself from presiding over an ongoing misconduct in public office matter against former Finance Minister, Winston Jordan.

Former Finance Minister, Winston Jordan, when he was first arrested by SOCU

Jordan was charged with misconduct in public office in December, 2021 and was released on $3M bail for allegedly selling a State Wharf way below its market value.

He made another court appearance on Friday, April 29, and his lawyers were expected to make their submission, but according to credible information received by Kaieteur News, the Magistrate assigned to the matter, Sherdel Isaacs-Marcus recused herself from the case citing personal reasons.

As a result, the matter was postponed until May 12, 2022 and is now assigned to court three.

The Misconduct in Public Office charge was brought against Jordan by the Special Organised Crime Unit (SOCU), an arm of the Guyana Police Force (GPF).

The charge alleges that while being and performing duties of Minister of Finance and being the concerned minister for the National Industrial and Commercial Investments Limited (NICIL), a company owned by the Government of Guyana, between February 26 and July 31, 2020 at Main Street, Georgetown, he willfully misconducted himself.

It further alleges that the former minister acted recklessly when he signed NICIL (Transfer of Property) Order, No. 50 of 2020, transferring to and vesting to BK Marine Inc. absolutely, all buildings, erections, stellings, platforms and further appurtenances that is to say, Mud lots 1 & 2, F of Mud lot 3, A, B & D, situated at North Cummingsburg, Georgetown, being over 2.553 acres, by paying $20,260,276, for a property valued over $5B and being sold at a price that was grossly undervalued to such a degree as to amount to an abuse of the public trust and without reasonable excuse or justification.

Jordan was not required to plead to the indictable charge after it was read to him.

On December 2, 2021, Jordan was arrested and later released on bail for a series of allegations relating to irregular transactions of public funds and state properties, estimated to value billions of Guyana dollars.

According to police, the first transaction that Jordan was interviewed on was in relation to the alleged sale and vesting of the state’s largest wharf facilities located at Kingston, Georgetown, valued approximately US$40,000,000 but was reportedly sold for US$500,000. It is alleged that the purchaser, BK Marines Inc., only paid US$100,000, which is 10 percent of the purchase price, and Jordan issued a vesting order passing Title to the purchaser, without the payment of any further sum of monies.

The former Finance Minister was arrested again on Thursday by SOCU for another allegation brought against him pertaining to the sale of prime lands at Ogle, East Coast Demerara (ECD).

FM
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