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FM
Former Member

GBTI refutes Ramjattan’s secret US$25M account

April 16, 2013, By , Filed Under News, Source

 

The Guyana Bank for Trade and Industry has refuted claims that it has in its account, a secret US$25 million account. On Sunday, Kaieteur News carried a story about a US$25 million account that was only recently discovered in the accounts of Guyana Bank for Trade and Industry.


According to the story, the money was “in a bank account under the control of Winston Brassington, the controversial head of the Privatisation Unit.”


The story attributed the discovery to Khemraj Ramjattan, Leader of the Alliance For Change (AFC), who claimed that such monies “can be used to pay public servants a much-needed increase in wages and salaries.”


Regarding the bank account, Ramjattan said that a whistleblower disclosed that Brassington and Keith Burrowes, an official close to the government, are the main persons controlling the bank account at GBTI.


“We are being told by a reliable source…a whistleblower…that the account has $4.9B in it in the name of National Cooperative Financial Services. AFC is extremely concerned about this since nowhere has the government told the National Assembly that it has (this money) sitting in an account.”


Yesterday, the bank said that it had only one account above the sum quoted by Ramjattan, and that the signatories are not Winston Brassington and Keith Burrowes.


The bank added that it has no account for which Brassington is a signatory. “There is no account to which Mr. Burrowes and Mr. Brassington are joint signatories.”


Commenting on the issue of a ‘whistleblower’ a senior bank official said that commercial banks are about secrecy.


The contention that there is someone in the bank who is divulging information to the outside is distressing. However, the consensus is that someone decided to “set up” Ramjattan who could not take the time to check the veracity of the information he received.


And Mr. Keith Burrowes, who is currently seeking medical attention overseas, said that there is no secret US$25 million account to which he is a signatory.


Mr. Burrowes said that he is surprised that the information was not verified with him or a senior staff.  “Politicians must verify their information before going public with such damaging statements. Usually information coming out of the commercial banks is credible; but unfortunately in this case the information is totally inaccurate,” he added.


The other issues raised in the article are government issues or issues of other entities and as such those institutions and the government will decide if and when they may respond to the article, he said.

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Kaieteur News and Khemraj Ramjattan lie again

 

The Kaieteur News’ article titled “AFC Uncovers “secret” US$25M Bank Account,” published April 14, 2013, on page 9, claims  there is a secret $5B (US$25M) in a bank account under the control of Mr. Winston Brassington and Mr. Keith Burrowes at GBTI. This information, the article claims, is credited to a whistleblower.

 

These claims are blatantly untrue and unfounded.

 

This is another mischievous attempt of Mr. Ramjattan and Kaieteur News to fabricate information for cheap journalistic purposes.  The claims are meritless and bear no truth. There are no accounts in the name of “National Cooperative Financial Services” that is managed by NICIL, Mr. Brassington or Keith Burrowes.   Given the lack of personal knowledge on the part of the Executive Director of NICIL, NICIL has consulted with GBTI who has confirmed that no such account exists.

 

If any evidence of this supposed secret account exists the whistleblower and Mr. Ramjattan should present these findings to the relevant authorities to be investigated. But since such information has not been presented, it is without doubt yet another example of reckless and highly dishonest behavior and cheap political tactics of the AFC, particularly Mr. Ramjattan.

 

To set the record straight, GNCB was privatised in an open and transparent process:

  1. The privatisation report, “Privatization in Tables: Phase II (1993-2011),” released by His Excellency, President Donald Ramotar, shows the payment of the proceeds for GNCB’s privatisation. Page 22 of table 7A clearly shows that $2.3B was paid to the Government of Guyana and $406M to GNCB for the book value of the $2B net assets privatised.
  2. GNCB’s accounts have) been audited by the Auditor General and tabled in Parliament up to the year 2008.

It is regrettable that the opposition continues to create havoc and mischief by blatantly lying rather than meaningfully contributing to the development of the country and its people. (Privatisation Unit)

FM
Originally Posted by Rev Al:

=

 

PNC Indian Khemraj Ramjattan has been exposed as a pathological liar---what else can Guyanese expect from a Dirty Indian.

 

Rev

HEY HEY HEY. LIL LOLIE REV ALLY CYANT WRITE SUH HE CYAN ONLY POSS PICTCHA. NAH WANDA WHY DE LADY LEFF HE FOH DE MIDWEST WITE MAN. 

FM
Originally Posted by God:

Did anyone expect the PPP to say yes we have secret bank accounts with the loot we stole from the working class stashed away? Get real.

 

Whistling…

…blowing

Ramjattan told his pals over at the Muckraker that a “whistle-blower” gave him some “hot information”. Our minds immediately cast back to the pope’s butler who spilled the beans of what had been going on behind the walls of the Vatican. Secret meetings, code names, ‘drops’, like we heard about in spy movies, all rose to the fore. Those revelations led to the resignation of the pope and we still haven’t heard the last of the effects of that ‘whistle-blower’.

Then, of course, there’s the most famous ‘whistle-blower’ of all times – Deep Throat. Rather fortuitously, he chose a moniker no one of his time could forget – the name of the most famous porno movie of all time, which described, to a ‘T’, the unique talent of its star. Deep Throat, of course, brought on the resignation of Richard Nixon, president of the USA.

So we read with bated breath the ‘revelation’ of Ramjattan’s ‘whistle-blower’ – who we dubbed ‘Dry Throat’, knowing of the AFC’s head honcho’s fondness for ‘wetting his whistle’. We could see him and Dry Throat knocking down a large at the corner rum shop as the latter spilled his guts.  Ramjattan’s said his informer told him that Brassington, his bête noir from NICIL, and Reynolds, a bureaucrat, had an account over at GBTI with $4.9 billion (you read that right….billions!) with themselves as signatories.

Now when we heard this our eyes bulged a bit, we must confess. Even with our depreciated dollar, we’re talking real money here. We could see that some heads would be rolling, if the info were true. But that was the point, wasn’t it? Was the info true? The very next day, the answer came: it was all a lie…a fabrication…a tale. The Muckraker threw Ramjattan to the dogs and accused him, via the bank, of not checking the story his ‘ whistle-blower’ fed him.

But we know that that’s pure horse sh*t, don’t we? It’s the duty of the newspaper to investigate allegations of this type before printing them. The Muckraker never even called the bank. What we think Brassington and Reynolds ought to do is to sue the pants off the Muckraker and Ramjattan for libel. There’s no question that their reputations were damaged by a patent untruth that was published.

But the real question is: was there ever a whistle-blower? Or did the Muckraker and Ramjattan concoct the whole tissue of lies over a large? Or did Ramjattan imagine the whole thing after imbibing a large?

FM

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