News

U.S. charges Platinum Partners execs with $1 bln fraud

NEW YORK,  (Reuters) – Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became “like a Ponzi scheme” as its largest investments lost much of their value.

Opposition Leader Bharrat Jagdeo

Jagdeo tops PPP voting

Opposition Leader Bharrat Jagdeo secured the most votes for the People’s Progressive Party’s (PPP) Central Committee on Sunday, placing him in pole position to contest for the post of General Secretary (GS).

Dynamic Airways hoping to normalise schedule

The management of Dyna-mic Airways was yesterday forced to divert one of its aircraft scheduled to travel to Venezuela to rescue over 600 passengers who were left stranded over the weekend at the Cheddi Jagan International and John F Kennedy airports.

The workers on the avenue of Main Street yesterday in front of the GPL Office.

Power company ups pay hike offer after transmission and distribution workers down tools

The Guyana Power and Light Company (GPL) yesterday said it was prepared to improve its pay hike offer after scores of workers from the Guyana Power and Light Company’s (GPL) Transmission and Distribution (T&D) Department down-ed tools and gathered outside the power company’s Main Street office yesterday to protest what they said was an unfair pay increase proposal.

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