Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

Professor Clive Thomas
Professor Clive Thomas

SARA seeking to recover $2.7B from QAII, $274M from GBTI over property deals

The State Assets Recovery Agency (SARA) yesterday announced that it was seeking to recover $2.7 billion from Queens Atlantic Investment Inc over its controversial acquisition of the former Sanata Textiles complex and $274 million from the Guyana Bank for Trade and Industry (GBTI) for the purchase of the Kingston property that is now its headquarters.

Lyndon Alves
Lyndon Alves

Alves cleared by corruption probe

The months-long investigation into alleged corrupt practices involving Deputy Commissioner of Police Lyndon Alves has ended with him being cleared of any criminal conduct, Commissioner of Police Leslie James said yesterday.

A section of the school’s roof that was blown off

High winds batter Mahdia

A team from the Civil Defence Commission (CDC) is expected to be deployed to the town of Mahdia following reported high winds which caused damage to a number of structures in the town, including a school building which had its roof blown off.

 Sydney James

James not returning to SOCU

Minister of Public Security Khemraj Ramjattan yesterday disclosed that while the contract of former embattled head of the Special Organised Crime Unit (SOCU) Sydney James has not expired, he will not be returning to the unit.

Colvin Heath-London

Scammers trying to sell NICIL properties

Fraudsters are posing as officials of the National Industrial and Commercial and Investments Limited (NICIL) in order to sell properties belong to the government holding company, its acting Chief Executive Officer (CEO) Colvin Heath-London has said.

Carl Greenidge

WTO-mandated roadmap for easier trade launched

A roadmap that seeks to improve Guyana’s trade-related systems was officially launched yesterday with officials underscoring that its implementation would make Guyana a more attractive destination for foreign direct investment.

 Lyndon Alves

Alves cleared in police corruption probe

The investigation into alleged corrupt practices involving Deputy Commissioner of Police Lyndon Alves has cleared him of any criminal conduct, according to Commissioner of Police Leslie James.

SARA seeking to recover $2.7B from QAII, $274m from GBTI

The State Assets Recovery Agency (SARA) today announced that it was seeking to recover $2.7b from Queens Atlantic Investment Inc over its controversial deal for the former Sanata Textiles and $274m from the Guyana Bank for Trade and Industry for the purchase of the Kingston property that is now its headquarters.

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