HDM Labs insists sole sourced contract valid and open

first_img0M fertiliser dealFollowing the pronouncements made by a Director on the Guyana Rice Development Board (GRDB), Jinnah Rahman, that the $420 million fertiliser contract that Cabinet approved to HDM Labs to supply fertiliser was a “return” on political investment, done secretly and that its principal Hardat Singh should be investigated, Singh has since responded to Guyana Times, seeking to refute such claims while insisting “The contract is currently in full force and effect.”Singh outlined that around October of 2015, HDM Labs offered to supply “5000 metric tonnes of fertiliser” to the GRDB at G$4160 per kg bag ($US400 per metric tonne), which he posited was 25 per cent cheaper than what was on the local market. GRDB “accepted their offer” and a contract was executed for such.“As part of the commercially negotiated terms, and consistent with HDM Labs’ worldwide terms, HDM Labs requested that payment be secured by a transferrable irrevocable letter of credit, 50 per cent to be paid on the issuance of the purchase order, 40 per cent upon arrival at port, and 10 per cent after receipt. These terms were in no way negotiated due to any financial constraints or unavailability of products,” said Singh.On April 8, however, the GRDB issued a statement that contradicted the last assertion of HDM Labs. “The supplier requested that the Letter of Credit be irrevocable and transferable; which suggested that a supply from this source was not immediately available.”In a letter to this publication, Singh related that “almost immediately upon HDM Labs’ execution with its contract with the GRDB, despite being kept at above G$5500 a bag for an extended period, retailers lowered their market prices in order to compete with the price of urea being supplied by HDM Labs.”General Manager of the GRDB Nizam Hassan had used almost identical language on April 8, in addressing his silence on the issue which was making it rounds across the entire media landscape, that the price for urea fertiliser at that time was between $5500 and $6500 per bag but “when local suppliers became knowledgeable of GRDB’s attempt to reduce the cost of fertiliser to farmers for supply of urea, the price immediately fell from $1000 to $2000 per bag.”Guyana Times understands that around the same time period – November 2015, to the present when HDM Labs made their offer – world prices for the commodity dropped by 20 per cent. As such, it is possible that the drop in local prices were due to the decline in world prices of urea.According to the HDM Labs President, “HDM Labs made the necessary arrangements for 5000 tonnes of urea to be available at port for transport to Guyana, that cargo currently awaiting approval from the GRDB to be shipped.”This approval would appear to be up in the air at this time since Nizam highlighted that “while payment for the fertiliser was by Letter of Credit established through a local commercial bank, the supplier requested that the Letter of Credit be irrevocable and transferable.” And this last requirement cannot be complied by local banks because of local money laundering laws.As such, Nizam said “GRDB continued to monitor the supply and prices of urea on the local market and has been in constant communication with HDM Labs Inc, since the supply of this commodity can no longer be considered urgent and immediate.” It is not know how the GRDB could comply with the requirement for a transferable irrevocable letter of credit, if, in fact HDM demands payment for “available” fertiliser.Singh in his correspondence to Guyana Times highlighted that he is not an “investor” or “campaign financier” of the Alliance For Change (AFC) or the A Partnership for National Unity (APNU) but a “philanthropist” and listed some of the companies that he contributed to in a philanthropic way.General Secretary of the Rice Producers Association, Dharamkumar Seeraj; however, had alleged in a press briefing months ago that Cabinet approved a contract for the procurement of $420 million in fertiliser from a “known campaign financier of the AFC/APNU collation”. He also alleged that the contract was not tendered nor advertised and Government’s actions were “in direct contravention of the laws, norms and conventions applicable to the acquisition of farmers’ inputs.”GRDB Director, Rahman had explained to this publication that the alleged $420 million contract fell apart because Hardat Singh could not supply the fertiliser, since he did not have the financing to do so and wanted an advance payment on the contract from the bank to be able to deliver the goods, “that’s why he asked for the Letter of Credit to be irrevocable and transferable”. As stated before, GRDB’s General Manager Hassan pointed out, “the local bank only provides the service of irrevocable Letter of Credit which is not transferable.”Hardat Singh in his defence said that he “has never filed for bankruptcy or defaulted on any payment,” and that he is “extremely solvent and being able to effortlessly simultaneously consummate several multimillion-dollar contracts.”According to Singh neither himself nor “HDM Labs have been subject to investigations, or involved with or accused of money laundering, fraud or otherwise since the formation of HDM Labs or at all,” refuting the claims made by the GRBD Director Rahman, who had said that Singh should be investigated “since he is in receipt of information which shows that Singh was convicted in the USA on charges of fraud and money laundering.”Singh asserted that neither he nor his company HDM Labs “are in any way affiliated with, owners or silent partners of, or investors in the entertainment or hospitality industry, and specifically are in no way affiliated with “Spice Restaurant” located in Queens, New York, other than Mr Singh being a patron of the same.” He also said that “HDM Labs does not do business in China nor does it own or operate any Chinese enterprise, or have any Chinese store trading front or otherwise.”last_img read more

Labourer nabbed with over 1kg ganja

first_imgA 50-year-old labourer of E Field Sophia, Greater Georgetown, was nabbed on Friday evening at Pamela Landing, Potaro River with 1.119 kg of ganja in a haversack.Reports are Police ranks acting on information went to a popular shop at Pamela Landing and conducted a search during which two parcels of the cannabis were found stashed in a haversack. After the discovery was made, the labourer admitted to ownership of the substance thus resulting in his arrest. He was reportedly left manage the shop at the time the search was conducted.He was subsequently charged and is expected to make his appearance at the Georgetown Magistrates’ Courts on January 2, 2018.last_img

Child Development Centre Golf Tournament to aid in purchasing of wheelchair accessible van

first_imgThe eighth annual Fort St. John Child Development Centre Golf Tournament was held on Saturday at the Lakepoint Golf and Country Club. Funds from last year’s event, as well as this year are going towards the purchase of a wheelchair accessible van for the organization.Overall 20 teams, and 80 golfers took part in supporting the cause.Penny Gagnon of the Child Development Centre said the support from the community is great not just at the tournament, but for the organization year round for the services they provide.- Advertisement -“The Child Development Centre receives a lot of support in general from the community of Fort St. John. We put on a good tournament that’s a lot of fun. We serve over 1,200 children and their families annually. We are making a difference and this just shows,” she said.Over $37,000 was brought in at this year’s event which well surpassed the fundraising goal of $25,000. It’s hoped that the van will be bought this summer.last_img read more

Chelsea want Aubameyang after missing Lukaku

first_img0Shares0000Dortmund’s Pierre-Emerick Aubameyang celebrates after scoring against Moenchengladbach in Moenchengladbach, western Germany, on April 22, 2017LONDON, United Kingdom, Jul 17 -Chelsea want to sign Borussia Dortmund striker Pierre-Emerick Aubameyang after missing out on Romelu Lukaku, according to Sky sources.The Blues are intent on signing a world-class striker this summer, with Diego Costa also set to leave Stamford Bridge. Chelsea manager Antonio Conte likes Aubameyang and the 28-year-old is on his shortlist with Alvaro Morata of Real Madrid, Torino’s Andrea Belotti and another current Premier League striker.Dortmund will let Aubameyang go this summer for about £70m and he has told the club he wants to leave, with both AC Milan and Paris Saint-Germain already holding talks to sign him, and a move to Tianjin Quanjian collapsed last week.Dortmund chief executive Hans-Joachim Watzke says they have not received any offers yet and warned interested clubs that they are running out of time.“We will wait a few more days but not long anymore,” he said. “I would personally prefer if he stays, but there are a few clubs on this planet where he can obviously earn more.”Dortmund want Aubameyang’s future to be sorted out by July 24 when they leave for a training camp in Switzerland.Aubameyang was the top-scorer in the Bundesliga last season with 31 goals in 32 games. He scored 40 times in all competitions.-By Sky Sports–0Shares0000(Visited 1 times, 1 visits today)last_img read more

‘Gerrard is way past his sell by date’ – Liverpool fans call for captain to be dropped

first_img1 Liverpool captain Steven Gerrard Liverpool’s indifferent start to the Premier League season has prompted some soul searching around Anfield and has even led some to question captain Steven Gerrard’s role in the side.Years ago to doubt ‘Stevie G’ would be considered blasphemy on Merseyside, but in the 3-1 defeat at West Ham, the skipper was surprisingly given the runaround by Reds reject Stewart Downing.Liverpool usually look to their inspirational captain when they are failing to fire, but at 34 it appears time might be catching up with Gerrard – despite Reds boss Brendan Rodgers insisting he has no concerns with the midfielder’s form.Disappointed and angry Liverpool fans have demanded it’s time for a change in the starting XI and that it should be the club legend to make way.Check out what was said about Gerrard by Reds supporters on Twitter below.last_img read more

Columbus Day observed schedule

first_img 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! TRASH: Pickup will be on a regular schedule. STORES: Malls and supermarkets will be open. GOVERNMENT: Federal, state, county and city offices, courts, libraries and animal shelters will be closed, and the U.S. Postal Service will not deliver mail. SCHOOLS: Schools will be open. TRANSIT: Southern California transit systems will run on a regular schedule. BANKS: Banks will be closed. Financial markets will be open. last_img

I can’t promise anything! Arsene Wenger on Arsenal signings

first_img Arsene Wenger Arsene Wenger insists he is still working hard to bring in new signings  – but is NOT close to completing a deal for any player.Arsenal have struggled for goals at the start of this season, scoring just twice in their opening three Premier League games, and Gunners fans are desperately hoping to see a top-class striker added to the squad.Edinson Cavani has been linked with a move to the Emirates in recent weeks with long-term target Karim Benzema off the market.But while Wenger has assured fans he is on the lookout for quality reinforcements, the Frenchman says there is nothing currently in the pipeline.“I am always confident that a last-minute situation or solution is available, because the transfer market is especially moving in the last four or five days. But at the moment I cannot promise you that,” said Wenger.“We work very hard, you know I have a team around me who work day and night to find good solutions but at the moment we are not close to signing anyone.” 1last_img read more

Chelsea transfer report: La Liga giants remain keen in signing Cuadrado

first_imgAtletico Madrid have not given up hope of signing Chelsea winger Juan Cuadrado.talkSPORT told you last week that incoming boss Antonio Conte wanted to keep the Colombian at Stamford Bridge when he returns from his loan spell at Juventus.Originally it had been planned that Cuadrado would make his stay in Turin permanent, but Conte has told Chelsea to make a u-turn.The news is a blow for Atletico as the Spanish club had been scouting the winger and wanted to sign him this summer.Chelsea have informed Diego Simeone’s side that a deal is unlikely but, according to Calciomercato, they have not given up hope.Atletico believe that a transfer can still take place if they make an offer that is just too good to refuse. 1 Juan Cuadrado: Antonio Conte has reportedly told his Chelsea to make u-turn last_img read more

Family ordered to stop work on Donegal home after land dispute

first_imgA father and daughter from Manorcunningham have been ordered to stop work on a new family home after a court heard excavation work had involved damage to the front garden of her uncle and aunt.Judge Karen Fergus, sitting at Letterkenny Circuit Civil Court, granted an ex-parte injunction in the case. Barrister Niall O’Neill, representing Brendan Boyle and his wife Caroline said a land dispute had arisen in Manorcunningham, earlier this year and had escalated four weeks ago.He said the Boyles had bought a plot of land in the townland of Errity in 1991 and had built a home there four years later.Since 1996 they had used another portion of land as a field for a pony and as their front garden.The Irish Independent reports they had since discovered that in December 2014 and January 2015 Mr Boyle’s brother Michael and niece Ciara had registered two folios of land in their names and had since been given planning permission to build a house in the area.He said his clients saw a notice for planning permission on another portion of land owned by Michael Boyle and took no issue with it.Mr O’Neill said his clients believed the house was to be erected on Michael’s land and they were left shocked when the fence around their field was ‘torn down’ in January this year.Last month, on September 14, Brendan’s wife Caroline arrived home from work to discover extensive works had begun on the pony field and garden which they claimed ownership off.Mr O’Neill told Judge Fergus that his clients had use of land for 21 years without any objection from other family members.He said they had worked the land, fenced it off and used it for a driveway, pony field and a garden.The barrister said “extensive damage” had now been done to his client’s property estimated at between €5,000 and €10,000.Photographs showing major excavation work close to Brendan and Caroline’s home were shown to the court.Mr O’Neill said requests to workers on the site to stop preparatory works on the new home had been ignored.“My clients have had exclusive beneficial occupation of the lands in question since 1995 and the lands had not been used by anyone since the death of Manus Boyle Snr in 1981,” said the barrister.Judge Fergus granted an order restraining further works on the site.She granted the injunction, allowing Brendan and Caroline Boyle’s legal team to serve the injuction on Michael and schoolteacher Ciara Boyle personally or via their legal representatives.Judge Fergus adjourned the case until next Tuesday.Family ordered to stop work on Donegal home after land dispute was last modified: October 13th, 2016 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Boylesdonegalland disputemanorcunninghamlast_img read more