Singh, Brassington charged for sale of Sanata Textiles Complex

…despite property sold for more than 3 times higher than Govt valuation

More charges have been filed against former Finance Minister, Dr Ashni Singh and former National Industrial and Commercial Investments Limited (NICIL) head Winston Brassington; this time over the sale of the Sanata Textiles Complex.
Singh and Brassington are already before the courts on similar charges, but these latest charges were filed without even the knowledge of the two parties.
As a consequence, they were not in court to answer the charges when it was read to acting Chief Magistrate Sherdel Issacs-Marcus.

The charge alleges that Singh and Brassington, while performing the duties of Finance Minister and Chairman and Chief Executive Officer (CEO) of NICIL respectively, between October 26 and December 20, 2010, they acted recklessly when they agreed to the sale of the Sanata Textiles Complex to Queens Atlantic Investment Inc. According to the charge, the 18.976-acre property was sold for $697.8 million but it was valued at $1.04 billion.
However, according to privation documents published by NICIL, the property was valued at $245 million by the Government’s Chief Valuation Officer, Compton Autar, but QAII paid $809.5 million for the property, which is almost four times the Government valuation.
In court on Friday, Attorney Stanley Moore, representing the interests of the two, informed the court that he had no prior information of the specific charges. It was then that Special Organised Crime Unit (SOCU) prosecutor also acknowledged that Singh and Brassington were not informed of the new charge.
Attorney Moore then assured the court that the two men will be back in Guyana on June 29, when the matter is to be called before Chief Magistrate Ann McLennan.
SOCU had previously brought charges against the two former Government officials in April. The two men were arraigned on charges of allegedly selling several plots of land on the East Coast of Demerara to National Hardware Guyana Ltd for over $598 million. In addition, the charge includes selling land to Scady Business Corporation at a cost of $150 million, and to Multi-cinemas Guyana Inc at a cost of $185 million.
Many political and social commentators, even those in the legal fraternity, have argued that the charges against the two former Government officials may be unconstitutional on the basis that they are not “public officers” in accordance with the Constitution.
Following these events, former Finance Minister Sasenarine Kowlessar, who served from 1999 to 2006, was taken in for questioning at SOCU’s Kingston, Georgetown head office, and was interrogated for close to five hours before being released on $200,000 station bail.
Meanwhile, Opposition Leader Bharrat Jagdeo has said the decision to charge the duo for the sale of the lands, is nothing more than a “frivolous” attempt to keep a campaign promise made by the A Partnership for National Unity (APNU) to jail members of the People’s Progressive Party (PPP).
“It is all frivolous… This Government campaigned on a promise that they will jail all of us when they get into power because we’re massively corrupt… We were told that we had assets that we were not declaring to the integrity Commission. We’re told that the People’s Progressive Party and its leaders had stolen so much money they couldn’t stash it in Guyana, they had to stash it abroad. These were the campaign. This was in the mouth of every person who spoke on the APNU platform. Jail, Jail these people,” Jagdeo told the media last month.
Former Finance Minister, Dr Ashni Singh expressed confidence that the charges brought against him will be disposed of in the near future because he feels they are frivolous and have no bearing.
Singh said he discharged his functions as a Minister of Government and public servant diligently and in accordance with the law at all times.
“I have no fear whatsoever about the discharge of my duties being subjected to the ultimate degree of scrutiny… I have absolutely no reservation about that and I have absolutely no fear,” he added.
Meanwhile, Guyana Times, along with its sister companies Television Guyana (TVG-CH 28) and Radio Guyana Inc (RGI), is housed at the Sanata Complex, Ruimveldt Industrial Site, Georgetown which is owned by QAII.
Only recently, this publication received a number of threats from persons who claimed to be agents of the Government to stop publishing news items which are critical of the Administration.
These persons have threatened that should this newspaper continue to pursue articles which are critical of the Government, its owners, management and affiliate companies will face dire consequences. In the past, this media house has been threatened by Government officials. In particular, one Government official called for the torching of Sanata Complex.