– But says “Minister Jordan should have instituted sanctions by now.”If you do the crime, you do the time, and the top brass of Cabinet is in favour of Government pursuing a case for criminal charges against National Industrial and Commercial Investments Limited (NICIL) Chief Executive Officer, Winston Brassington. They indicated that his “acts of corruption against the nation just can’t be pardoned.”“As such,Wholesale Jerseys, we support Government taking the relevant steps towards ensuring that he does the time for the crime committed.”These comments from the top Cabinet officials come just days before they are expected to meet to discuss the findings of the forensic audit report on NICIL.The report which was done by Chartered Accountant, Anand Goolsarran,Cheap China Jerseys, says that Brassington bypassed internationally recognized and credible companies only to engage criminal entities for the construction of the Marriott Hotel.It stated that he failed to justify how millions of dollars were spent in the Linden Mining Enterprise and to properly account for their assets.Goolsarran, with credible evidence in hand, also exposed how Brassington, on behalf of NICIL hid $1B in a secret account which was intended to aid in the construction of the Marriott Hotel, then he paved the way for NICIL to illegally fund the preparation of the Pradoville Two scheme, misappropriated billions of dollars, and kept $26B from the Consolidated Fund.Some of the senior government ministers made it clear, yesterday,mlb jerseys china, that they are not supposed to make pronouncements before the discussion at tomorrow’s Cabinet meeting.One Government Minister said, “I am astonished at the findings of the NICIL report. Brassington needs to face the full extent of the law.”“I am not finished reading the report as yet but based on how far I have gone already I am appalled at what this man? (Brassington) has done.“When we were in opposition, we took a stance that this man must face the court for the financial lawlessness which took place under him and if we fail to do so then it will backfire on us.“It is horrible to commit corrupt acts but it is equally damaging and obnoxious if we in any way appear to the public to be condoning it or treating it lightly.”Another senior government minister said that it is a moral requirement for the administration to ensure that justice is served.“The more the people read about the NICIL corruption, the more alarmed they get and the faster they want to see justice.“But the Ministry of Finance seems reluctant to act. Why is Brassington still within the confines of the Ministry of Finance? The Ministry should have acted already instead of having him in there. They have administrative arrangements at their disposal that they could use to send him off, so why is Brassington still there? I don’t know. The question then arises as to whether there is any desire in that Ministry to see Brassington before the court for the wrongs done to this country.”“When this government was in Opposition, it attacked this man saying that he has to be jailed and he will face the music should APNU+AFC be elected to office. Now we are here and we still have him on State boards.“No letter or nothing sent for him to go on leave. These are concerns that were brought to me by the people too and I saw when these very concerns were brought to the attention of Finance Minister, Winston Jordan,Wholesale Jerseys China, during several Cabinet meetings.”The Government minister insisted that several sanctions should have been taken against the NICIL CEO by the Finance Minister while the government would be going through the process of pursuing criminal charges through the legal channels.“Brassington could and should have been sent home,” the government official said.“We will now have to wait and see what plays out when Cabinet meets tomorrow to discuss this report,” the Minister added.In the forensic audit report on NICIL, Chartered Accountant,Wholesale NFL Jerseys, Anand Goolsarran, recommended that criminal charges and/or disciplinary actions be taken against all those within NICIL responsible for the interception of State revenues totaling $26.858 billion in violation of Articles 216 of the Constitution and the related sections of the Fiscal Management and Accountability Act (FMA).The Chartered Accountant called for NICIL to be liquidated and for the appointment of a Receiver to oversee the liquidation process.He said, too, that Government should re-activate the Privatisation Unit as a department of the Ministry of Finance to manage the Government’s residual investments after liquidation proceedings have concluded. In this regard, he noted that the existin

Several Government officials within CARICOM are in Guyana to review a key regional tax agreement to ensure that it is working as intended.The two-day seminar aimed at reviewing how the 10-year-old Intra-CARICOM Double Taxation Agreement (ICDTA) was functioning got underway Monday morning at the Grand Coastal Inn in Guyana.According to Dr. Maurice Odle, Economic Adviser to the Secretary-General of CARICOM, who welcomed the Heads of Tax Administrations,Cheap Jerseys From China, and other representatives to the seminar, the sessions was expected to be used to review the Agreement to ensure that it was working as intended and was benefitting all signatory Member States.Making reference to the global downturn,Cheap NFL Jerseys, Dr. Odle said that from all accounts, the efforts by CARICOM member states to address the challenges created by the crisis had led to a drain on fiscal revenues “in a situation where fiscal space was extremely limited”.“I am sure that as tax administrators, you have been called upon to maintain and even increase tax revenues in a situation where almost all aspects of economic activity have been on the decline. In such circumstances, it is important that we seek to ensure that instruments which impact on tax revenues are functioning as intended, hence one of the main objectives for the convening of this seminar,China NFL Jerseys,” he said.The ICDTA is a unique multilateral instrument for the avoidance of double taxation,Wholesale Jerseys Online, prevention of fiscal evasion with respect to taxes on income, profits, gains and capital gains, and encouragement of regional trade and investment.The agreement,Authentic Jerseys Wholesale, Dr. Odle explained, had a clear development orientation and therefore stood in stark contrast to other similar instruments which focused primarily on the exchange of tax information to assist in the avoidance of double taxation and the prevention of fiscal evasion.He told the participants that the CARICOM Secretariat had received feedback that the ICDTA was one of the most widely applied regional instruments.However, he noted, there had been several abuses of the Agreement and some Member States had been disadvantaged as a consequence.The seminar, he added,Authentic NHL Jerseys, is an opportunity for the designated authorities and the Heads of Tax Administrations and other officials to review the administration and application of the agreement and to address issues resulting from this process.Among the issues the seminar was expected to address are those related to differences in interpretation of provisions of the agreement, as well as the modalities for the activation of a clause on the Exchange of Information.Recommendations from the seminar will be placed before the Council for Finance and Planning (COFAP) when it meets early next year.