Declaring that the decision to fire him was based on “a political directive,” former Managing Director of the Guyana Oil Company (GuyOil) Badrie Persaud says he was denied an opportunity to respond to the audit report that precipitated his sacking.
On Monday, an unsigned statement from GuyOil said that a decision was made to terminate the services of Persaud after the company’s Board of Directors along with the Forensic Auditor reviewed the verified findings of the forensic audit done by Nigel Hinds Financial Services for the period November 1, 2011 to May 31, 2015. According to the statement, “based on the findings which document unauthorised and inimical actions” that had been taken by Persaud during this period, the Board of Directors at a Special Board Meeting on February 18th, determined that it could no longer have confidence in Persaud’s ability to execute the functions of Managing Director.
Speaking with Stabroek News yesterday, Persaud said that while he has no intention of