Government on Thursday signaled that it would be moving to close loopholes in the local content legislation as Minister of Natural Resources Vickram Bharrat said there would be zero tolerance for those seeking to abuse the country’s citizenship laws for profit.
Speaking at a Private Sector Commission (PSC)-organized Local Content Forum, Bharrat said that he and President Irfaan Ali are awaiting the return of Vice President Bharrat Jagdeo to hold meetings with stakeholders to discuss what measures can be taken to prevent another loophole in the legislation that was evident in the case of Ramps Logistics.
“…I can tell you that government is not happy. We expected companies to act in good faith…to act professionally,” Bharrat said during an address at the forum, while noting that it was time “to say what is on our minds”.