Another katahar loser seeking sunlight!

Jagdeo is poised for a comeback in the next election.

A Crab Louse calling Chief a Katahar Looser,

Baseman, Anil  Nandalall is the only Katahar Looser we Know,

PNC Thug Slap him up and Piss in eee Mouth....

And eee had to Apologise to the man...

That's who you call a Katahar looser.

Chief is more than a katahar, he's predicting a Jagdeo comeback which he has no clue of. It's like counting chickens before they're hatched. He is simply a trouble maker of the worst kind.

baseman love to lick kwame batty

This is early Sunday morning. It's ashame of what coming out your filthy mouth.

you calling people crablouse and making comment 

Bhai, These Chaps are full of Filth. They so SHAMELESS that SEWAGE selling more expensive that them!!!!

Ah stupid you Stupid, nothing else.

The aim is to control the party. That way, every presidential candidate and ministers is his approval. Guyana now has a monarch. 

At the last CONgress, the results has shown that he is threat to Ramotar and a warning to the other underlings.

Thanks to diligent investigative journalism by Kaieteur News, Guyanese and others have learned about the corrupt undercurrents that have driven many PPP/C government "initiatives."

To a lesser extent Stabroek News has also played a watchdog role in monitoring government policies and programs and pinpointing irregularities and intrigues.

We must not blame these newspapers as President Ramotar and Co have done.

KN and SN are merely performing functions that characterize the free press in any democracy.

I look forward to the analyses KN is promising its readers.

Mitwah:

That's what the propaganda media is feeding you guys about Jagdeo. Jagdeo is an asset to Guyana's developments and he's no threat to Ramotar or anyone. We're happy to have him around with his experience and expertise in government. Jagedo is hoping to fulfill a dream for all Guyanese by a ripple effect of Hydro-electricity, LCDS initiatives, and Eco-tourism. When you blend the three areas of investments you will get a blooming economy that will eventually put Guyana into a second world-class status. 

This is the real propaganda crap being fed to the people but this time around the people are watching them, the PPP themselves are to be blamed for their demise.

You know when big man talking you should shut you patakeke. Can you add something relevant to what I am talking about?

Ramotar do not have what it takes to be an independent thinker. If anything, Ramotar serves Jagdeo very well. When the time comes, Ramotar will be relieved of the General Secretary position and put to pasture. By the next general elections, Ramotar will make some excuse not to seek a second term.
Ramotar was just a fill-in.

Jagans stupidity.

u should visit the country.

I did Mr Patacake (check the correct spelling of the word here) face.

Vote no for hydro!

what a thief it better to be stupid than a thief

Unnamed investor to own 67% of company with US$8M

NICIL is only investor in US$58M Marriott Hotel

…moderator limits media on questions

The Guyana Government is to date the sole investor in the Georgetown Marriott Hotel given that Atlantic Hotels Inc. (AHI) is yet to have financial closure for US$39M of the US$58.5M required for its completion.

AHI/NICIL Chairman Winston Brassington addressing the media yesterday

This was among the revelations made yesterday by AHI’s Chairman, Winston Brassington, during a special media briefing held at the NCN studios in Georgetown. Earlier, moderator, Kit Nascimento, attempted to limit the number of persons that could represent a media house.
When this failed, Nascimento then limited each reporter to two questions.
Brassington told media operatives that while the AHI would have executed a number of agreements with Republic Bank and the private investor, who he is still to name, there is no financial closure.
He said that AHI is looking to have this aspect of the deal concluded by year end, so that the hotel can be completed and opened toward the end of next year.
“We haven’t closed but we have every confidence it will close soon,” said Brassington.
The private investor, he said, is expected to put in US$8M in the project and will have majority ownership of AHI.
The unnamed private investor will own 67 per cent shares in the company while government will own 33 per cent.
Brassington said that the equity for the project will be coming from the unnamed private investor. Another US$4M is to be invested by the National Industrial and Commercial Investment Limited (NICIL).
The remainder of the money will be in the form of debt equity and loans.
Republic Bank has been asked to solicit a total of US$31M, to be repaid at an interest rate of 8.9 per cent, while NICIL will be lending US$15.5M with zero per cent return.
According to the Feasibility Study undertaken for the project, the Senior Debt, solicited by Republic Bank will receive payment before the preferred equity, the NICIL equity, and the NICIL debt.
As it relates to the US$15.5M lent to the project by NICIL, this will be repaid interest “when cash flows enable.”
Rate of Return
Brassington was asked to defend the fact that the unnamed private investor will only put US$8M of the US$58.5M for the hotel, and own 67 per cent of the shares.
He told media operatives that the projections in the feasibility study do not represent a guarantee and as such the rate of the return for the investor has not been guaranteed as yet.
Regarding the levels of money that Government has had to put into the project, Brassington said that the administration put the money to serve as a catalyst.
He conceded that Government would not have been able to secure the total amount required privately.
“We are participating here as a catalyst to basically crowd in an additional US$40M in investments.”

Not unusual
He said while the 22.2 per cent return for the private investor is not guaranteed, commercial banks would earn in excess of 20 per cent “so these returns are not unusual.”
Brassington further defended the rate of return to be paid to the private investor pointing to the “great deal of risk involved…It is not an attractive investment from a cash flow perspective.”

The Marriott Hotel under construction this past week.

Asked about the source of the investor if he was not willing to provide a name, Brassington told media operatives, “We are limited by what we can say until we reach financial close…We will make those details available once we reach financial close.”
He did say that the investor has been vetted by Marriott International and by Republic Bank.

Asked about an independent risk analysis, apart from the actual stakeholders in the project, Brassington said that there was none and that AHI is using the various feasibility studies provided by some of the entities involved in the project.
The media was provided with ‘an extract’ of the feasibility study for the Marriott done by HVS Consulting & Valuation. There was no price tag affixed for report.
That document was dated September 2012. The contract to construct the hotel was executed with Shanghai Construction Inc, the previous year.

THE HEIST OF GUYANA continued…

Also, if you are in possession of any useful information please forward same to us via comments below.

Opposition leaders say…Document “The Heist of Guyana”

Members of the Joint Opposition are urging the public to carefully file the series of articles that are being published in Kaieteur News called, “The Heist of Guyana.” The full-page column details in a sequential format how Guyana has been “parceled out and handed out to friends and cronies of former President Bharat Jagdeo.”

Carl Greenidge

The series unveils the “rampant corruption, preferential treatment and cronyism that characterized the second term of the Jagdeo administration.” It also explained that it will reveal how almost every major developmental decision was tied to the personal and selfish interests of Jagdeo and his friends and what we have today, is an economy that is controlled by a small group of influential persons with strong ties to the then Jagdeo administration. Members of the Joint Opposition have supported the cause and they are strongly suggesting that members of the public “keep these reports of unbelievably poignant and accurate accounts of the truth which bring to light – The Jagdeo deception.” Former Chairperson of the Public Accounts Committee (PAC), Volda Lawrence, has said, “I believe that the team involved in this process at Kaieteur News is doing an exceptional job. The Publisher Glenn Lall is brave in stepping up to the plate to do this and it is an extremely commendable act and I look forward to it. However, we must not lose sight of what these articles mean. These articles on the heist of Guyana are not only informative, but expose in no uncertain terms, how the Jagdeo regime is trying to control the economy and it is important for the people of Guyana not to be fooled by the  structures being built all over. It is all a deception.  It is upon this background, I am urging members of the public to keep these copies for reference so that they can be armed with the truth.” Carl Greenidge, the Shadow Minister of Finance for the coalition, A Partnership for National Unity, also believes that it is critical that citizens pay attention to the “Heist of Guyana” series. The Member of Parliament said, “It is natural for there to be comments on performance of any Government for they collect our monies and how they spend it, can adversely affect our lives.” “Guyana faces some serious problems of morality and state lawlessness and this makes it imperative that civil society and political parties address the problems which give rise to such behaviour.” “The press has a key role in this regard and as responsible citizens we have to recognize and protect them in this pursuit.” Greenidge asserted that there has been a massive upsurge of corruption under the People’s Progressive Party (PPP). He noted too, that the regime and its reaction to that development, “is special” because almost uniquely in this region, the Government instead of making an effort to bring it down; “works hand in hand with those very criminals once they are prepared to fund the PPP because it sees white and blue collar crime as acceptable just as it sees a Minister having a right to have his wife audit the books of the entities overseen by the Minister.” “Instead of fighting corruption, the Government viciously attacks those who dare to highlight the problem. One of the main features in Guyana which has allowed these phenomena to gain such a foothold is a weak civil society and a consequential inability to force Governments to live by an acceptable standard. Part of that weakness has been reflected in the fact that outcries and complaints about outrageous behavior are raised and quickly forgotten and patterns of behaviours are not traced or brought to the public’s attention in any systematic manner.” “However, the attempt by Kaieteur News to publish its perception of what is happening under the rubric of “Heist” is most welcomed for its continuity and persistence even in the face of unacceptable Government and PPP retaliation and defamation, and for its investigative work.   I would encourage them to continue which is necessary in defense of our fundamental rights.”

This is really advancing the dialogue on Guyana. Keep it up!

Ronald Bhai,

The AFC party is finished. What we see now is desperation. They are the most rotten, stinking and corrupt politicians in Guyana.

Former Chairperson of the Public Accounts Committee (PAC), Volda Lawrence, has said, “I believe that the team involved in this process at Kaieteur News is doing an exceptional job. The Publisher Glenn Lall is brave in stepping up to the plate to do this and it is an extremely commendable act and I look forward to it. However, we must not lose sight of what these articles mean. These articles on the heist of Guyana are not only informative, but expose in no uncertain terms, how the Jagdeo regime is trying to control the economy and it is important for the people of Guyana not to be fooled by the  structures being built all over. It is all a deception.  It is upon this background, I am urging members of the public to keep these copies for reference so that they can be armed with the truth.”

You got it wrong. It is a disinfecting of the PPP crony capitalism in the light of day. PPP family and friends inc is not what we signed on for with this democracy thing.