US-based Guyanese businessman Ed Ahmad has initiated court proceedings here to have the land he purchased from GuySuCo at Leonora years ago transferred to a company in which he and another New York-based Guyanese are shareholders.
The proceedings were initiated sometime ago and the other shareholder, this newspaper was told is a businesswoman with ties to Guyana. No ruling has yet been made in the case, Stabroek News understands.
Sources say it raised the question as to whether the land was in the process of being disposed of by Ahmad and whether under those circumstances he should have been sold the land. The sources argued that land of that sort should only be disposed of if there was a