quote:

Originally posted by Nehru:
Anyone heard from Caribj, LK , Bonus etal. HEHEHE A "Coolie" man made $13 Million Dollars in two years. Boy they gun be real mad now.

With all the Cracks on the Hotel and nocustomers they try to "Brainwash" us with, De man still made $13 Million. From now on anything these Chaps say, I will take seriously and even bet on their side. I know I am going to be on the side of competence, reasoning and Intelligence.

Nehru - explain below:
State land leads to windfall for Shivraj
May 14, 2008
A parcel of state land assigned to businessman Omprakash Shivraj so he could invest in a hotel for world cup 2007 has netted him a windfall following the sale of the edifice bearing his name to a Turkish investor.

A secret Memorandum of Understanding (MOU) that had been signed between Shivraj and the Guyana Office for Investment had agreed that one of the government’s obligations was that on completion of the Buddy’s International Hotel and the start of operations, the government would sell him the plot of state land on which the hotel is situated for eight million dollars. It is unclear if this amount was paid over the government.

I know for sure one other man is smiling all the way to the bank along with Buddy and it's not Jags.
Let me see who can read between the lines.

quote:

Originally posted by kidmost:

quote:

Originally posted by Communicator:
After all the noise the President made about praising the 'new breed of businessmen' in Guyana and then supporting Buddy's in his hotel venture with taxpayers' monies, Buddy's turned around and sold the hotel to foreigners. To foreigners? Where is the sense of national pride in building a so-called five-star hotel with government's help and encouraging Guyanese to own their own businesses?

In all your exchanges, do not lose sight of the fact that:-

1) Buddy's was charged in a major fuel smuggling bust;
2) watched as the man (Joseph O'Lall) bringing the charges got fired by the President then died;
3) watched as his case got thrown out by a magistrate;
4) got over 100 million dollars of taxpayers' monies for expedited completion his hotel at a time when the President was publicly critical of other hotels for their services and refused to grant them casino licenses;
5) got a secret deal worked out in which whatever amount he owed the government would be repaid by way of renting rooms to the government, thereby allowing him not to come up with actual repayments on a loan that other hoteliers would have had to repay creditors (banks) at competitive interest rates;
6) made a huge profit from sale of a business that was supposed to be Guyanese-owned and which received special government help because it was Guyanese owned.

This scam that discriminated against other hoteliers and hoodwinked taxpayers will never go unpunished! Never!

IF BUDDY'S HAD DONE ALL OF THIS WITHOUT A CENT OF TAXPAYERS' MONEY, I'D BE APPLAUDING HIM. BUT HE AND JAGDEO SCAMMED TAXPAYERS! NO OTHER BUSINESS OWNER GOT SUCH A SWEETHHEART DEAL!

dude stop bleating ! Business people always seek opportunities . Buddy was losing money on the hotel and Sudi invests heavily in poor countries to maximize his returns . He bought out major hotels in eastern europe like - Latvia, Cyprus, Moldova and Uzbekistan , he turned them around through networking with tourism and trade groups and Murat Dedeman who owns and heads Turkish hotel chain Dedeman Hotels&Resorts International once headed the Turkish Association of Investors in Tourism and he created a formidable international network . Sudi comes in...assesses...acquires... improves the investment potential and contracts it to Dedeman Hotels&Resorts International to run and operate . This guy does not invest in countries unles he is certain he can affect changes in tourism so Guyana stands to benefit BUT it depends on how the GOG handles the investment and operation . Sudi has been accused of using countries like Bulgaria for money laundering and paying off govt officials heavily .They bought out the tax depts , police and govt officials and many tax investigators have been killed . In many countries he does business straight but in Bulgaria and maybe one or two others he has been accused of corruption ,so it really depends on how the GOG crafts their relationship with Sudi . There is no doubt Buddy probably was paid more for the hotel part off the books and part on the books , what will provide a clearer picture is the ministry of tourism since it is from this area Sudi is able make inroads . Sudi could very well take over Guyana completely and turn the entire country into a private enterprise then Govt and arms of govt will be dictated to .

sometimes you push your jokes too far. Guyana is on a gradual path of recovery and overseas investors are making inroads.

...and women won't be allowed to drive in guyana and gabber on cell phones.
maybe we will have less accidents and noise pollution1

quote:

sometimes you push your jokes too far. Guyana is on a gradual path of recovery and overseas investors are making inroads.

Nip I was waiting fuh somebody from the PPP camp to go on the attack on that comment .

The country is not on a gradual path of recovery , it is on the gradual path of decline hence , people like Sudi will make inroads in Guyana . The man Sudi has major lawsuits on just about every continent for money laundering as well as the SEC in Connecticut . In addition , he has created more silent partnerships with vast networks of companies which could send govts into a costly venture just to track him down as a shareholder of some . Sudi would not make an investment in Guyana unless he is assured he has the opportunity to influence tourism , money laundering and other gray area operations . I am quite sure he will also use Guyana to register and license entities to operate across the globe whereby he can create a more vast money laundering network . Bannas if Sudi could outwit the Russians , eastern europeans , asians , americans and african what makes you think he wont own Guyana Bharrat will be a figure head but a very rich one and all who folow him , even the PNC bais got get rich and guyana will become politically stable .

Guyanese have the biggest brains in the world, but not big enough to solve the problems of their beloved country. Such a sad story.

maybe they don't want to solve it...

quote:

Originally posted by Nehru:
Anyone heard from Caribj, LK , Bonus etal. HEHEHE A "Coolie" man made $13 Million Dollars in two years. Boy they gun be real mad now.

With all the Cracks on the Hotel and nocustomers they try to "Brainwash" us with, De man still made $13 Million. From now on anything these Chaps say, I will take seriously and even bet on their side. I know I am going to be on the side of competence, reasoning and Intelligence.

The man made 13 million on the nations back...government grants of money and land in what looks strangely as a money washing project. This is good for the investors but bad for the nation. It is a poor business model. It is one of the reasons why no niche manufacturing industries are being grown in that society and very little of the investments produce real goods that would benefit the standard of living. It is easy for this bastard to get grands of lands and cash and a promise of gambling rights (Not to mention smuggled fuel) that he can flip for cash. If the PNC did this everyone here would be complaining of corruption and thievery....well it is.

quote:

Originally posted by Terry Ishmael:
maybe they don't want to solve it...

Who benefits??

D2,

Part of the profits will go into the coffers of the state as taxes, so we cannot say that the nation would not benefit.

quote:

Originally posted by Lester:
D2,

Part of the profits will go into the coffers of the state as taxes, so we cannot say that the nation would not benefit.

I am not sure of that. From last reports their collection rates were in the doldrums. Further, no racketeering laws exist and no attempts is being made to generate them. The money laundering laws have never been enforced to date.

quote:

Originally posted by D2:

quote:

Originally posted by Lester:
D2,

Part of the profits will go into the coffers of the state as taxes, so we cannot say that the nation would not benefit.

I am not sure of that. From last reports their collection rates were in the doldrums. Further, no racketeering laws exist and no attempts is being made to generate them. The money laundering laws have never been enforced to date.

If the gov't does not collect its fair share of taxes from this deal I guarantee that the opposition will turn it into a political football come next election. It would be very unwise for the Jagdeo administration to allow Buddy's to get away with capital gains tax.

The deal is kept as a "sercet" as the taxes et al will not be paid .....remember that Buddy has friends in "High Places".......remember the Fuel DEAL.....poor O'Lall was fired to cover-up the scandal

quote:

Originally posted by Na Cl:
The deal is kept as a "sercet" as the taxes et al will not be paid .....remember that Buddy has friends in "High Places".......remember the Fuel DEAL.....poor O'Lall was fired to cover-up the scandal

On the contrary, I heard from a gov't official that Buddy's and Jagdeo is at loggerhead over promises the gov't made to him that have not been fulfilled. Apparently, Buddy wants more but the gov't is sticking to its side of the deal.

Loggerhead over an agreed price of $8 for a SUPER SIZED LOT......no at all.......he needs more land ...cos the new owner thinks it will be easier to do it thru BUDDY

quote:

Originally posted by Lester:

quote:

Originally posted by D2:

quote:

Originally posted by Lester:
D2,

Part of the profits will go into the coffers of the state as taxes, so we cannot say that the nation would not benefit.

I am not sure of that. From last reports their collection rates were in the doldrums. Further, no racketeering laws exist and no attempts is being made to generate them. The money laundering laws have never been enforced to date.

If the gov't does not collect its fair share of taxes from this deal I guarantee that the opposition will turn it into a political football come next election. It would be very unwise for the Jagdeo administration to allow Buddy's to get away with capital gains tax.

THe opposition unfortunately lacks credibility. The PNC cannot use its old strategy of street protests and destabilization as its prime political instrument. It has to change its tactics to information campaigns, vocal stance on corrupt practices as these, advocacy of change with policies that has bite and can be grasped by regular folks. If also need to shelf Corbin.


The AFC has the better chance at picking up enough votes to force the PPP into a minority government position bur alas it is absent any of the policy positions and advocacy talking points that makes it credible.

All of these opposition parties needs to have self help and counseling divisions that actually go out into the community and do real work. Theri members ought to be ou here speaking and raising monies to fund these so people can truly see they are not mere bench warmers an actually have a real desire to do real politic.

quote:

Originally posted by Lester:

quote:

Originally posted by Na Cl:
The deal is kept as a "sercet" as the taxes et al will not be paid .....remember that Buddy has friends in "High Places".......remember the Fuel DEAL.....poor O'Lall was fired to cover-up the scandal

On the contrary, I heard from a gov't official that Buddy's and Jagdeo is at loggerhead over promises the gov't made to him that have not been fulfilled. Apparently, Buddy wants more but the gov't is sticking to its side of the deal.

Buddy is in no position to argue. His hotel sits on state property. That quarrel has to be fiction because the government is facilitating this deal. Otherwise it cannot even be broached.

quote:

Originally posted by D2:
QUOTE] Buddy is in no position to argue. His hotel sits on state property. That quarrel has to be fiction because the government is facilitating this deal. Otherwise it cannot even be broached.

I hear Casino's is the perfect business to launder drug profits for the cocaine Cartels in South America.(Senor smell that clean cash)

No wonder the Pee Pee Pee is deeply involved.

Sudi had to make a deal with BJ first in order to make a deal with Buddy so , obviously money was paid overseas which no one will ever know about , much like the Tata deal burnham made and thousands of other deals which followed , where money was paid directly to Burnham and his lieutenants in overseas accounts .

Does anyone think BJ gives a rat's a55 about how much the govt will get in cap gains on this or any other deals ..he is leaving office in a few years and I am sure he is positioning himself for the after presidential life . Sudi is not investing in Guyana because he thinks , he is investing because he knows he can get what he needs when he needs it . I wont bet too much on any noise from the PNC since I am sure once Sudi gets things up and running the PNC will also become beneficiaries of this deal .This is perfect case of SFA !

quote:

Originally posted by kidmost:
Sudi had to make a deal with BJ first in order to make a deal with Buddy so , obviously money was paid overseas which no one will ever know about , much like the Tata deal burnham made and thousands of other deals which followed , where money was paid directly to Burnham and his lieutenants in overseas accounts .

!

Stop your lies. You know nothing about the Tata deal..
Why would tata pay Burnham and his buddies money to import Tata buses into Guyana??

For you info, The bank of Baroda in Georgetown lent Guyana Gajraj (51% Gov't owned) $2.5 million to import 60 Buses from India with no spare parts in the deal.. The Buses were used to form the Guyana Transport ltd. Robert jorden was then placed incharge of the new company.

Now, again, why would they pay Burnham money to import tata buses??

Sanata Textiles deal…
Owners got more than tender offered -- Jagdeo
President Bharrat Jagdeo has admitted that the company which has acquired the Sanata Textiles Complex may have got more than it tendered for. In an invited comment to respond to the decision to make the complex available to Queens Atlantic Investments Inc, President Jagdeo said that he had no part in the final decision.

He said that when the issue came up at the Cabinet level, given his relationship with the owner of the company, he left the meeting.
The complex had been put to tender in 2006, with a closing date of January 19, 2007. Mr Winston Brassington, head of the Privatisation Unit, said that there were no bids so the tender had to be recalled.

The Unit then accepted an offer from an interested party. The deal was that a lease of 99 years be granted and that the company pays $50 million per annum, in an arrangement that indexes the current payment in local currency to movements in the United States currency and to inflation as recorded in the United States.
President Jagdeo said that the buildings in the compound had deteriorated significantly. The investor has also promised a US$30 million investment and to create more than 1,000 jobs. In addition to the production of antibiotics, the company will also establish a printery, as well as other facilities. The new entity will be operating in addition to the Guyana Pharmaceutical Corporation at Farm, East Bank Demerara.

And commenting on the sale of Buddy’s International Hotel, the Head of State said that he has learnt that the buyer has paid US$15 million for the hotel, with plans to invest a further US$10 million to improve the standard of the hotel.

Sudi Özkan, the owner of Princess Hotels and Casinos, is the man behind the purchase of Buddy’s International. Asked to comment on the meeting with the new owner, President Jagdeo said that he met Özkan during the hosting of the Rice Producers’ Association's conference, which was held at the hotel. “The meeting was brief and the discussion was not detailed.”

Özkan is known as the "Casino King" in Turkey. Starting with one centre, he now has 20. While being the manager of the Istanbul Movenpick Hotel casino, he bought the hotel and changed its name to the Princess. Now no one knows the amount of money he has gained from these ventures.

It is also known that Özkan, who is trying to stay away from the press, also owns many casinos abroad.

Finance Ministry experts have found out that Özkan has transferred a total of $680 million from Turkey to Switzerland via his daughter's numbered bank account, which was opened in 1995. The 2,000-page report, the result of a lengthy and meticulous probe, indicates that the unregistered proceeds from Özkan's 18 casinos were transferred to Switzerland by Özkan's daughter, Venus, and her Italian husband, Palmerino Colamarino.

Some of Özkan's assets have been seized by the Bailiff's Office. His 'free' assets include a total of $1 billion in cash, a small island in the Atlantic Ocean named Saint Maarten Island, eight casinos in four countries, namely Belize, Bulgaria, Romania and Slovenia, and seven companies in which he is a 'covert' partner. Özkan is currently living on Saint Maarten, where casino legislation was recently introduced.

The legislation was enacted to make the tourism industry more competitive. "We have never had a casino in the entire country. Apparently, the tourism people felt they were thereby disadvantaged relative to the rest of the region," an official said.

The Princess Hotel, formerly a Ramada in St Maarten, was purchased by the Turkish businessman specifically so a casino could be established.

Özkan 's company, Ozkanlar Sirketler Grubu, already has five-star hotels in Belarus, Bulgaria, Romania, Slovenia, Turkey and St. Maarten; it also owns a pasta factory, and has interests in schools, mosques and other institutions throughout Turkey.

KN 14/05/08

So Sunil, you mean fuh seh that these Caribjean islands like St. Martin owe a major part of their success to guys Ozkan and necessarily from good old fashioned hard wo rk from the inhabitants???

quote:

Originally posted by Ramakant_p:

quote:

Originally posted by kidmost:
Sudi had to make a deal with BJ first in order to make a deal with Buddy so , obviously money was paid overseas which no one will ever know about , much like the Tata deal burnham made and thousands of other deals which followed , where money was paid directly to Burnham and his lieutenants in overseas accounts .

!

Stop your lies. You know nothing about the Tata deal..
Why would tata pay Burnham and his buddies money to import Tata buses into Guyana??

For you info, The bank of Baroda in Georgetown lent Guyana Gajraj (51% Gov't owned) $2.5 million to import 60 Buses from India with no spare parts in the deal.. The Buses were used to form the Guyana Transport ltd. Robert jorden was then placed incharge of the new company.

Now, again, why would they pay Burnham money to import tata buses??

dude get reals eh ! nothing was imported to Guyana without LFSB getting paid including Tata buses , especially , tata buses .

[quote]dude get reals eh ! nothing was imported to Guyana without LFSB getting paid including Tata buses , especially , tata buses .[/quote

Do not forget the Chinese smuggling and passport deals.

quote:

Originally posted by Chief:
I know for sure one other man is smiling all the way to the bank along with Buddy and it's not Jags.
Let me see who can read between the lines.

Are you saying Roger Khan is the other man? If so, then two things to note:

1) This whole hotel project is the work of money laundering if Khan is involved.

2) I don't see how Khan is smiling all the way to the bank if he is found guilty in his New York trial. (The judge in the case has ruled he must be tried before an anonymous jury; doesn't look good!).