Vice President Bharrat Jagdeo, through his lawyer, has asked the court for ex parte judgement in the $50 million lawsuit he brought against controversial naturalised Chinese businessman Su Zhirong, who has never made an appearance in his defence. Once granted, Su’s local assets would likely be passed to Jagdeo through levying.
Su still holds shares in companies in Guyana alongside directorship for others, legal sources familiar with the case told the Stabroek News. The Deeds Registry has Su listed as the director and majority shareholder of Southern Canton International Trading Inc and Hi-Tech Construction Inc which have forest and mining concessions.
Su had applied for a quarry licence to operate in the Mazaruni mining district with a planned investment of US$11.7 million. The company was granted the licence for 2,289 acres for quarry potential, referred to as Turiruba in the Korerit and Mazaruni rivers.