Employees of the majority Russian-owned Bauxite Company of Guyana Inc (BCGI) “threatened” Guyana Revenue Authority (GRA) auditors a few months ago when they went to undertake an audit of the company saying they will close the company’s operations if the tax authorities persisted, GRA Commissioner General Godfrey Statia said.
But their threats did not scare Statia who said that his agency will undertake its mandate without fear. “When I sent my guys there to begin the audit, they threatened them and told them that if they don’t stop the audit, they will close down the company,” Statia said when asked by Stabroek News on Friday about the company’s relations with the agency.
After over 15 years working here and with sweeping tax concessions for fuel and equipment, the company has always said that it was not making any profits from its operations.