In addition to the preparation of more civil recovery proceedings in relation to the lands allocated at `Pradoville 2’ under the previous PPP/C administration, the State Assets Recovery Agency (SARA) is currently preparing two other land sale matters which have a combined value of close to $1 billion.
This is according to the agency’s Deputy Director Aubrey Heath-Retmeyer, who said that he could not release much details on the matters at this point. He prefers that they be filed first before he speaks of the cases in-depth.
Speaking to Stabroek News at his Main Street office, Heath-Retmeyer said that one of the matters involves a significant land sale in Region Four to the tune of at least $800 million.
The other one pertains to a bond being posted for a particular project which was not completed as the “contractor did not live up to expectations.”
“So we believe that it is high time that the government gets its money and the person who posted the bond would be required to deliver on that,” he told Stabroek News.
Aside from land, the misappropriation of funds, vehicles and moveable assets and lots of government buildings, which were not properly utilised, will fall on the agency’s radar.
After taking office in May 2015, the APNU+AFC government said it discovered that there was widespread corruption under the former PPP/C administration.
It is expected that the unit will review all transactions that occurred over the entire 23 years of the PPP/C’s rule.
