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  • PPP questions secrecy on remaining $15B GuySuCo bond

    first_img– says few details forthcoming from NICIL on future useLack of detailed information on the status of the remaining $15 billion from the bond raised by the National Industrial and Commercial Investments Limited (NICIL) has prompted concerns from the parliamentary Opposition.At his press conference on Thursday, People’s Progressive Party General Secretary Bharrat Jagdeo questioned what was being done with the money. This money, he reminded, would have to be repaid with interest.“What is happening to the remaining $15 billion that has been sitting in the account of a long while now since it has been raised… What is it being used for?” Jagdeo,Opposition Leader Bharrat Jagdeothe Opposition Leader, questioned.“We have not seen any statement from NICIL regarding the future uses, bearing in mind that we are paying interest on this large sum of money that was borrowed and is just sitting in an account.”After reports in sections of the media that no money was disbursed to the Guyana Sugar Corporation (GuySuCo), NICIL’s Special Purpose Unit said in a statement on Sunday that some $2 billion was disbursed to the Corporation.It was added that the monies from the bond facility will be used to purchase equipment for production of plantation white sugar, including the purchase of nine tractors, and to address the co-generation plants’ operational expenses.“The monies obtained from the bond facility were not obtained to facilitate the payment of debt, as was ventilated time and again by the Minister of Finance and stakeholders,” the SPU said.It was pointed out that GuySuCo is yet to complete its procurement process for the mentioned capital items. Therefore, SPU has said, GuySuCo is not in a position to draw down on additional secured funds.Earlier this year, NICIL was mandated to seek financing for the downsized Corporation, targeting retooling, diversification and improved agriculture. This was being pursued even as work was being done to privatise and divest the four estates – Skeldon, Rose Hall, Enmore and Wales.Through local financing arranged by Republic Bank Limited, NICIL has managed to successfully negotiate a bond facility for $30 billion, with significant input fromThe Skeldon factorythe Finance Ministry.NICIL has requested $17 billion in the first tranche. “We will receive the remainder on request. It was structured in this manner for it not to incur unnecessary costs,” the statement added.GuySuCo must submit its applications for financing to the SPU, and those are to be vetted to make sure they meet the approved criteria of the bond holders before financing is disbursed. Two disbursements have thus far been made; one for $880 million and another for $1.1 billion.The SPU has said it must be noted that half of the bond amount would be provided for in local currency, while the remainder would be disbursed in United States dollars (USD).With support from Government by means of a sovereign guarantee, SPU Head, Colvin Heath-London has been able to secure this funding spoken about.The benefit is a 4.75 per cent rate of return, which represents a tax-free bond. NICIL, through its SPU, took control of the Skeldon, Rose Hall, Enmore and Wales estates when Government decided to close operations earlier this year in order to maintain the viability of the sugar industry.last_img read more

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  • Mother of 2 who killed abusive boyfriend granted early release

    first_imgSection D, South Sophia, Greater Georgetown mother of two, Tramangra Williams, known as “Queenie” has been granted early release from prison following her 18-year prison sentence over the unlawful killing of her Bajan boyfriend over 10 years ago. She was sentenced in January 2014 by Justice Navindra Singh for her criminal actions but after consideration of her behaviour and circumstances surrounding the case, she was paroled and released several years ahead of schedule.Tramangra Williams, known as “Queenie”She had mounted a challenge in the Appeal Court which came up on Monday. Chancellor of the Judiciary (ag) Yonette Cummings-Edwards and fellow Appellate Justices Rishi Persaud and Dawn Gregory were set to hear the case. However, the unrepresented woman, in a soft tone, informed the senior judges of her desire to withdraw her appeal.Chancellor Edwards, after a brief consideration, announced that such leave was granted which meant the appeal was discontinued. Appearing on behalf of the Director of Public Prosecutions (DPP) was State Counsel, Teshanna Lake.On December 27, 2008, “Queenie” stabbed Tyrone McDonald Best of Barbados at South Sophia. He died on January 3, 2009, while receiving treatment at the Georgetown Public Hospital Corporation (GPHC).It was previously reported that after considering the evidence during the High Court trial, a 12-member mixed jury found her not guilty of murder but guilty of the lesser count of manslaughter.Justice Singh’s sentence was initially 30 years, but he had deducted 12 years for provocation and remorse shown as the offender had told the jury via an unsworn statement that she was sorry for what happened.Williams told the jury that she loved the Bajan man and never intended to stab him.It was revealed during the trial that the Bajan accused his Guyanese partner of having an affair with her cousin’s father on the afternoon “Queenie” asked the older man for money and marijuana.Her story was that while on the way to the home of her friend, he slapped her across the head and beat her across the body. After they got home, Tyrone had reportedly aimed one of his boots at her head, but she suddenly turned around with a knife and he supposedly charged into it and received injuries to his abdomen.last_img read more

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  • Armed bandits beat, rob Diamond residents during birthday celebration

    first_imgThe Diamond, EBD house that the gunmen stormed on Saturday eveningThe birthday celebration of a Diamond Housing Scheme, East Bank Demerara resident turned into a nightmare when armed bandits stormed into her house on Saturday evening. At least one of the bandits was toting a gun.Reports are that around 22:00h at 21st Street, Diamond, four men attacked the family and demanded cash and jewellery.During the ordeal, two of the victims were physically assaulted. However, neighbours were not aware of the commotion owing to the loud music at the birthday celebration.Guyana Times understands that the robbery was executed within minutes and the four bandits made good their escape into the dark of the night heading towards Kaneville Village, EBD.According to a Police source, the victims were traumatised and the two who were not injured were busy trying to help the others after the men escaped. They did not notice if the men left on foot or bicycle.However, the source explained that coupled with the darkness of the night and lack of street lights in the area, it would have been difficult to pursue the armed men.He stated that when Police Officers were finally summoned to respond, the ranks did so “quite quickly”, but by then it was too late. The men had already made good their escape with their loot.“You see, that area is like a canefield area, similar to a backdam. It leads into Kaneville, which is a known spot for petty thieves and other criminals to hide out sometimes. Without knowing where they went, what they looked like, or who we are looking for, then it would have been difficult to make arrests in 24 hours,” the Police source added.Meanwhile, the injured family members were treated at the Diamond Diagnostic Centre and sent home.Investigations into the matter are presently ongoing.Meanwhile, between Thursday and Friday, in the county of Berbice, gun-toting bandits struck, attacking two families at Black Bush Polder and carting off cash and jewellery. Upon making a report, family members were told that the Police had no vehicle to respond immediately.Reports are the gunmen, all masked, initially tried to break into the home of a farmer at Johanna North around 01:20h. They shot at him after their attempt failed.Harmond Roopnarine, a 40-year-old farmer; his wife and two children, aged 17 and 16, were at home.The farmer said he heard someone trying to break into his home and stood up, waiting with a cutlass in his hand as they repeatedly hit the window.As one bandit was making his way in from the broken window, the family began to scream while Roopnarine stood next to the window armed with the cutlass. The bandits ordered him to put down the cutlass, but he did not comply. This led to them firing shots at the farmer and demanding, while still outside, that he hand over his gold and money.Roopnarine said another shot was fired in the direction of his wife and children, who were in the bedroom.The two bandits, the farmer said, were outside of his home for about 10 minutes during which time several calls were made to the Mibicuri Police Station, but the family was told that the Police were incapable of responding since they had no vehicle.Meanwhile, at Johanna South, Lennox Ramcharran, 51, a rice farmer, was beaten after gunmen went into his home about 20:30h on Thursday.Ramcharran said he left his two teenage children inside after he heard dogs barking and went outside to investigate only to be confronted by bandits.All three of the bandits had guns, the man recalled. He said that the bandits ransacked the house after his wife gave them money and jewellery. She and her two children were also beaten.The men left with $300,000 and jewellery worth an undisclosed amount. To ensure their escape was without incident, the men grabbed the farmer’s 16-year-old daughter, but released her after they realised that they were not being followed.Ramcharran said shortly after the robbery, two Police Officers arrived on motorbikes.last_img read more

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  • Parika fuel dealer shot dead during robbery

    first_imgA Parika businessman was on Saturday killed when two gunmen attacked him in front of his home.Dead is Seeram Singh of Lot 40 Parika Outfall, East Bank Essequibo.Dead fuel dealer Seeram SinghRelatives of the now dead fuel dealerReports are that the businessman was attacked at about 21:00h by the two gunmen who robbed him of three sizable gold chains which were on his neck. Notably, his gold rings were still on his fingers.Guyana Times was told that the 52-year-old businessman was shot twice to his head. He also had three stab wounds to his body.Relatives told this newspaper that the businessman put up a fight with the gunmen during the ordeal.The grieving family stated that they are extremely disappointed with the Police’s response to the robbery.A close relative related that the Police took a long time to respond following the shooting.last_img read more

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  • Teen allegedly stabs labourer to death during drinking spree

    first_imgA 14-year-old boy is now in custody after he allegedly stabbed a 29-year-old labourer to death Saturday evening at Auchlyne Village, Corentyne, Berbice.The dead man has been identified as Desmond Sewdat of Auchlyne Village. Based on information received, the teen and the now dead man were seen imbibing after which an argument broke out between them.However, the argument escalated into a scuffle. Shortly after the scuffle, the now dead man was discovered lying motionless with a single stab wound to his stomach.He was picked up and rushed to the Port Mourant Hospital, but he succumbed to his injuries on the way there.At the home of the dead man, his sister, Nafeeza, told Guyana Times that she received a report that her brother was injured and was lying on the street.At the time, she was at the Community Centre and she left about five minutes after. When she arrived at the scene, Police were already there and from all indications, her brother was already dead.“The Police tell me that he already died… he had one bore on his chest.”The grieving sister related that the suspect was not at the scene when she arrived.Another sibling, Shameza, explained that her now dead brother visited her prior to his demise. According to her, Sewdat was under the influence of alcohol when he visited and he asked for a telephone call to his godfather. He then asked his father for a shirt and left.Eyewitnesses stated that the now dead man, who was imbibing with friends, was being ‘tantalised’ about a dirty shirt that he was wearing. He left and returned with the clean shirt, but his friends continued to tease him.The sister noted that her brother and the suspect were friends. “I always see him talking to this boy and one, one time I does see he and dis boy riding on the road, but I don’t know if they have a close relationship because he don’t live here with me and only when he drink, he does come….” she explained.Meanwhile, the suspect’s mother, Eulex Welch, confirmed that the now dead man and the teenager were close friends.“The boys dem don’t do without meh son. Sometimes early morning that same one that dead does come early in the morning for O’Neal and I does quarrel why he dot to come calling before 6:00. I tell him he musn’t come for meh son because when he in his worries is I alone goes got to go and run behind O’Neal, you all don’t even give me a dollar to look after meh son, so you all don’t come calling for him.”Eulex Welch, the mother of the teen accused of murderAccording to Welch, her son told investigators that he and the now dead man indeed had an argument over clothes.“He told the Police that he didn’t do the crime. The CID [Criminal Investigation Department] treated him very nice, but the Police harassing him a lot. The CID asked me if I satisfy with the statement and I tell them yes.“He said he never do it. He said that the man fall down with the knife and bore himself. He tell me that the boy was drunk.”“He had give my son some clothes from a barrel that he get and the clothes can’t fit him. When my son bring the clothes, I told him to carry it back, but he say that the two of them are friends.”Welch said the now dead man was demanding that the teenager return the clothes and he apparently refused to do so.The teen’s mother related that her son has been involved in several incidents and was arrested by the Police.“He went to Juvenile Centre. Only the other day he come from Juvenile Centre and a month before he come from Juvenile Centre. I can’t say what he went there for, because the Police did not tell me anything as a parent, they just pick him up and carry him,” she related.Welch is of the belief that her son did not commit the crime. This, she related, is based on his actions on Saturday.“Whenever he do something, he does get away and hide. When the Police come for him, he does run away. Saturday, he tell me that he didn’t do it and ask me to take him to the Police so he could clear his name,” the mother cried.She says there were other persons around and as such, they should all be held as suspects.“Is because my son is small and he can’t explain himself that is why they only hold him up,” she claimed. A post-mortem is expected to be performed on the man’s body today as Police continue their investigations. (Andrew Carmichael)last_img read more

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  • Pensioner killed, set alight in backyard

    first_imgThe remains of a pensioner were on Sunday evening discovered burning in her backyard. It is suspected that the woman was murdered and set alight in her backyard by the perpetrator.Murdered: Bhagwandai Deonarain, also called “Deeda”The dead woman has been identified as 73-year-old Bhagwandai Deonarain, also called “Deeda”, of Lot 5 Plantation Hope, West Coast Berbice.Police in a release said they are investigating the circumstances surrounding the death of the pensioner, whose burnt remains were discovered in a dried-out pond at the back of her premises at about 19:45h.A large portion of the victim’s estate (land) was also discovered destroyed by fire, the release indicated.Deonarain lived alone and the Police had to be called to the house to investigate since it was reported that at about 17:30h there were no lights on in the building which is highly unusual.According to the now dead woman’s niece, Shanie Singh, she first contacted the Police and then family members went to check on the woman.She explained that there were no signs of forced entry. “So we come downstairs and then we see smoke at the back and they (family members) decide to go and check. Is then they call everybody to come and see where they found the body.”Singh said she only saw a part of the woman’s body when she rushed to the scene. “Just the head and shoulder part but beyond you cannot see anything else,” she explained.The area where the burnt remains of the woman were foundCoconut branches and dried coconuts were used to fuel the fire, and with the prevailing dry weather conditions, the flames also spread to nearby vegetation but had been reduced to smoke by the time the Police arrived and ventured into the backyard.Deonarain had been living there since 1988 with her husband who died in 2015.A few years ago, she had a tenant living in the lower flat. He reportedly broke into the upper flat and robbed the pensioner. She was also beaten during the robbery. Deonarain gave evidence against him in court, causing him to be jailed. He was however released from prison last year.Police in a release said a man is currently in custody assisting with the investigation.The home belonging to the now dead pensionerThe dead woman’s sister, Chan Sukhra, told Guyana Times that her eldest sister had been living in fear. She explained that her sister lost four of her teeth as a result of the beating she received from the ex-convict. As a result, she underwent surgery to remove a clot from her brain.Reports are Deonarain had sold all of her jewellery before her husband died and lived off of her pension and assistance from family members.Sukhra referred to her sister as being very religious and kind. The pensioner’s remains are currently at Bailey’s Parlour awaiting an autopsy. She leaves to mourn four sisters and one brother. The Police are continuing their investigations. (Andrew Carmichael)last_img read more

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  • Flyers drop season opening game to Grande Prairie

    first_imgHead Coach Gerard Dicare says the team was down a few players for the game and started off slow, however managed to play well in the final two periods even though they fell short.“We ended up going down there with a little bit of a short bench we were missing a couple of key guys,” he says. “We started out pretty slow, then the last 40 minutes we picked it up a little bit and just fell short at the end with the empty net goal.Despite the loss, one of the things Dicare was pleased with was how the team did on the penalty kill. He acknowledges the team has to avoid penalties, but was satisfied the team was able to do what was needed when they were a man down.- Advertisement -“Our penalty kill, not so much us taking penalties I think we took eight minor penalties, but our penalty kill did really well,” he explains. “We played really aggressive on it. I believe we didn’t allow a powerplay goal so that was a positive.”Scoring for the Flyers were Robbie Sidhu, and Trevor Fitzgerald, and the assists went to Bryan Lewis, Robbie Sidhu, Trevor Fitzgerald, and Wes Reusse. Next the Flyers welcome the Dawson Creek Canucks to Fort St. John for their home opener at North Peace Arena. The game starts at 8:30 p.m.last_img read more

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  • Morrison and Team Canada miss qualifying for Team Pursuit Final

    first_imgPYEONGCHANG – The Canadian long track Speedskating team that featured Fort St. John’s Denny Morrison missed qualifying for the team pursuit final at the Olympics.In qualifying Sunday, the team that included Denny Morrison, Jordan Belchos and Ted-Jan Bloemen finished qualifying with a time of 3:41.73, leaving the team in seventh place.  The team advanced to the D final against the USA that will take place on February 21.Korea, New Zealand, Norway and the Netherlands will race in the semifinals on February 21, with the two top teams heading to the finals to race for gold.I want to send my thanks and gratitude to everyone who’s supported me on this epic journey. We made it a heck of a long way together!Please send all of your positive vibes and energy to @morrjos and her teammates for their upcoming Team Pursuit races!— Denny Morrison (@Denny_Morrison) February 18, 2018- Advertisement -This was Denny Morrison’s last competition at the 2018 Olympics.  The Fort St. John product placed 13th in the 1,500-metre event last Tuesday with a time of 1:46:36, 2.35 seconds off the first-place mark. This is Morrison’s fourth time representing Canada at the Olympics.Advertisement Click here to watch the race from CBC.last_img read more

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  • Huskies hoping to Fill the Bus Sunday

    first_imgThe Huskies Fill the Bus campaign is set to go this Sunday. Originally scheduled for Dec. 14th – the event had to be postponed due to cold weather. But, the team is hoping to make it happen this weekend. So, keep those donations handy, and stay tuned to energeticcity-beta.mystagingwebsite.com, in case of another postponement. Last year, the Huskies raised more than 17 thousand pounds of food for people in need, in an annual fundraiser that has become one of the most important annual events in the community.- Advertisement –last_img read more

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  • Forestry Roads to get Radar

    first_imgThe Provincial government is cracking down on forestry road speeders. [asset|aid=778|format=mp3player|formatter=asset_bonus|title=5b773f99e47d2127c0a742a06dd0af93-Bell_2_Pub.mp3] That’s Forest Minister Pat Bell who says better speed enforcement will mean more people returning home safely, at the end of a work day.- Advertisement -The speed limit on most BC’S 59 thousand kilometer, forestry road service network, is 80 kilometers per hour.last_img

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