The Private Sector Commission (PSC) in its most recent statement (December 20, 2013) on the Berbice Bridge Company Inc was unwilling to acknowledge writing the following on December 11: “As far as we are aware, the Government directly or indirectly has no investment in, or liability relating to, the [Berbice River] bridge at this time.” Seen as a crudely disguised political response to APNU’s call for reduced toll charges across the Berbice River, the statement drew questions from some of the PSC’s membership about the process leading up to its issue.
Instead of addressing the concerns whether the December 11 statement was authorised by the PSC’s executive rather than authored at the behest of one member of the executive, the PSC after an unsuccessful investigation into an email “leak” chose intrigue, diversion, distortion and deception. Its latest offering reveals that NICIL has sold to the National Insurance Scheme 950 million worth of preference shares in the Berbice Bridge Company Inc, which itself never acknowledged the existence, let alone the ownership of those shares, even in statutory filings signed by then Company Secretary Winston Brassington.
Continue reading “Sale of 950M preference shares by NICIL does not alter response to PSC”
