GUYANA – LATEST NEWS – 23 October 2015

GUYANA – LATEST NEWS – 23 October 2015  – – Kaieteur News 

(see other News sources at the end of this entry)

Previous Govt. waived US$303M on vehicles, other items in 2014

FULL STORY | – Auditor General report   – The 2014 report of the Auditor General has finally been released and its findings are raising shocking questions over the amount of money the previous Government was waiving on vehicle duties. GRA’s head,Khurshid… […]

Billions siphoned off from Transport and Harbours Dept. in 2003-2007

FULL STORY | By Abena Rockcliffe|  – Min. Patterson tells Parliament – Major discrepancies have been found in a few of the Auditor General’s reports on financial statements of the Transport and Harbours Department over the years 2003-2007. Minister of… […]        … See more article links below ……

Guyana: Auditor General criticises Tender Board

AG criticises Tender Board for $1.3 B allocation to New GPC

February 12, 2012 | By KNews |

…cites gross irregularities

Accusing fingers are being pointed to the National Procurement and Tender Administration Board for approving the payment of an exorbitant sum to the New Guyana Pharmaceutical Corporation Limited.
According to the 2010 Auditor General Report the astronomical sum of $1.252 billion was paid to the company on the basis of sole sourcing and not by competitive bidding as required under the Procurement Act (2003).
The transactions with the firm, the Report outlines, were for the procurement of drugs and medical supplies.

This practice was also extended to the Georgetown Public Hospital Corporation (GPHC). The public hospital, the Report stated, also procured drugs and medical supplies at a cost of $879.914M based on awards of contracts by the Tender Board without a system of competitive bidding as required under the said Procurement Act.  [Read more]

— Post #1106