After being cornered by forensic auditors from Ram and McRae, the National Frequency Management Unit (NFMU) headed by Valmiki Sigh attempted to justify why it has not billed a cable television operator for five years. The entity proffered the excuse that the law does not provide a method to calculate such fees.

Concerned with this state of affairs at the company, the forensic auditors recalled the genesis of this matter and made strict recommendations. The auditors highlighted that in December 2010, former President Bharrat Jagdeo granted Quark Inc. (Broadband)/ Movie Star permission to broadcast television signals on the 2.5 GHz band, which allows for cable TV operations and internet-related services. Quark Inc. is owned and managed by Brian Yong. The auditors said that they are not aware, nor were they provided with any evidence that the President had any such authority. Additionally, since 2010, the auditors said that Quark Inc. also known as Movie Star has been providing cable TV and wireless internet services.(Kaieteurnews.com/photo: Kaieteurnews.com)…[+]

The People’s Progressive Party/Civic (PPP/C) government granted a host of concessions to a company that did no good for Guyana BaiShanLin.

The logging company was allowed to spread its tentacles reaching into most, if not all, of Guyana’s business sectors. While BaiShanLin was busy having its way, exploiting Guyana and the Guyana Forestry Commission (GFC) was busy doing nothing about it, other companies that possibly had genuine intentions for business in Guyana of mutual benefit might have been deterred by BaiShanLin’s grip on Guyana.  That possibility was highlighted by former Auditor General and anti-corruption advocate, Anand Goolsarran. He recently spoke to Kaieteur News about various aspects of unfair play that Guyana endured with BaiShanLin. This newspaper had presented the facts to prove that BaiShanLin’s profits go to China and stay there. Goolsarran recently zeroed in on that fact, as he referenced the “ridiculous” agreements that the PPP/C signed with BaiShanLin.(Kaieteurnews.com/photo: Kaieteurnews.com)…[+]