K
Demand of environmental permit... Sunday Edition
AIETEUR Exxon must 10p.
NEWS
Guyana’s largest selling daily & New York’s most popular weekly
compensate
October 04, 2020
Online: www.kaieteurnews.com
any nation affected
Price $140
by Payara oil spill
Online readership yesterday 104,413
Who is inheriting our wealth? O
ur parents died and left ten properties for us, their seven children. Dickey, the eldest child, was left in charge of the family estate. Six months after the death of our parents, Dickey informed us that he had sold one of our prime properties for 10 million dollars. We were surprised and asked him if that was the best deal he could have gotten. He replied saying, “Yes, that was the best offer.” A few days after, the brothers and sisters found out that the property he sold was valued more than 100 million dollars. What would you do or say to Dickey if you were one of his brothers or sisters? A few weeks later, we saw people occupying two other properties, next door to the one that Dickey sold. Dickey was asked “What are those people doing in our properties?” He replied that he had transferred the two properties to a local and an international company. But no money was paid. We asked him “Who are the people behind the companies?” He told us he does not know, and that he
never met them. Days passed, weeks and even months passed, and Dickey was still not saying anything about our properties. What would you as a brother or sister do? Guyana, this is the exact scenario with our oil blocks. The government struck a deal with ExxonMobil for the Stabroek Block. Experts said we got robbed. They claimed that we left US$55B on the negotiation table and that it was THE WORST oil deal they had ever seen. When questioned, the political elites agreed that it was a bad deal. They accepted that they made mistakes. But lo and behold, we were yet again told that two other oil blocks: Kaieteur and Canje, with similar values, were transferred to companies and no monies were paid for those blocks. Now, the nation is asking the leaders to say who are the owners of the two oil blocks. But they are telling us they do not know or never met these owners. Are they that stupid or ignorant? Or, like Dickey, are they as crooked as barbed wire?
US$100B Kaieteur Block
US$100B Canje Block
Legalizing stolen state assets C
unning politicians use crooked middlemen to hold, receive or transfer stolen state assets. For example, politicians would have some of their shady friends establish shell companies, information about which the public cannot access. These companies would then be handed oil blocks or given other state assets. In the past, bribes were paid into politicians’ secret bank accounts or that of their relatives.
Wi t h s t r i c t e r a n t i - m o n e y laundering and transparency laws, these bribes are now easily detectable. Corrupt politicians therefore have devised more elaborate schemes to legalize the proceeds of corrupt dealings. One of the ways in which they do this is through secret, prearranged deals in which foreign oil companies would buy in to the state assets held by the shell companies of the friends of politicians. The proceeds of these ‘buy-in’
transactions then become legal income for the politicians and their shady friends. This is how dirty money is made clean. In the process, stolen state assets are disposed of and the earnings become legitimate money, while the public remains clueless. State assets, such as land, can also be given out to middlemen who are either agents or fronts for crooked politicians, for them to execute Stage 2 of the scheme. This occurs when the lands are put on the
open market and sold at a staggering profit. The proceeds of these land sales make billionaires out of the politicians and their cronies, while ensuring that the monies earned are cleaned. Just like a drug kingpin with his dirty money and a helpful bank, Guyanese politicians legitimize stolen property through the shell companies established by their cronies. This is the massive Ponzi scheme which is being operated
using state assets. The PPP/C has handed out the oil-rich Canje and Kaieteur oil blocks. The people of Guyana are clueless as to the identities of the persons behind the companies which have been given these blocks. The owners of these blocks reportedly sold a 35% share of each block to Exxon. Not one blind cent of this multimillion dollar transaction is going to be seen, touched or shared with the ordinary man. It will remain within a closed circle.
Rape accounts for two thirds of cases in Demerara Supreme court
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Exxon must install EPA tells oil giant to All oil costs Alleged Ponzi schemers complete study on to be audited; halt operations; to meter to record all re-injecting 100% only a matter start paying investors toxins from flaring reservoir water of time - VP from October 12 p. 72
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p. 67
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Who really owns the Kaieteur and Canje oil blocks, do the leaders of this land care to tell the nation?