Dear Editor,
In reference to an article carried by the Kaieteur News on Wednesday 9th April titled “GuySuCo Directors flirt with GuySuCo $$ millions”, the Board of Directors of GuySuCo wishes to make the following statement.

The Minister of Agriculture, Hon Robert Persaud, had requested the Chief Executive Officer of GuySuCo, Nick Jackson, to investigate allegations relating to Functional Directors of GuySuCo using funds from the Corporation’s overseas accounts for their own benefit.
An initial report was subsequently produced by the Chief Executive Officer of GuySuCo which the Minister of Agriculture requested the Board of Directors of GuySuCo to review. This review is still taking place. So far, there has not been any evidence of misappropriation of funds by any of the Functional Directors.

The Corporation will advise the Minister of its findings when the investigations are completed.
Yours faithfully,
Nick Jackson
Chief Executive
Guyana Sugar Corporation Inc