Accountant and financial analyst Christopher Ram says Chinese bauxite company, Bosai Minerals Group has not filed their annual returns for the years 2011 and 2012 and wants the company to explain this in light of its reputed non-payment of royalties to the Guyana Geology and Mines Commission (GGMC) even after the expiration of a moratorium on such payments.
Speaking to Stabroek News yesterday, Ram challenged Company Secretary of Bosai Minerals Group Norman McLean to come clean about filing of annual returns for the two years.
“He must answer since as Company Secretary he is responsible for preparing and submitting them,” he said of McLean.
Ram also said that the company has failed to comply with the Companies Act in the returns that were submitted, adding that the company did not prepare its Director’s annual report in the prescribed manner.
“…the company has been delinquent in filing annual returns for 2011 and 2012,” said Ram.