Dr Roger Luncheon said yesterday that there were no moves to make any capital investments in the bauxite industry, as was done with the sugar industry, because bauxite was unprofitable and a pact with the IMF precluded any such investment.
Luncheon, Head of the Presidential Secretariat, was responding to questions during re-examination by Attorney Anil Nandlall as the $10 million libel suit filed by President Bharrat Jagdeo against Kaieteur News and columnist Freddie Kissoon continued before Justice Brassington Reynolds.
“I had indicated that the sugar