Securities Council files legal action against Webster over share transfer

The Guyana  Securities Council has filed legal action against Managing Director of Caribbean Container Inc (CCI) Ronald Webster seeking to cancel the transfer of shares of CCI to another company controlled by Webster who is also the chairman of the Private Sector Commission (PSC).

“The claim seeks to set aside, among other things, the transfer of shares in Caribbean Container Inc to Demerara Holdings Inc and any benefits which may have flowed therefrom,” the Guyana Association of Securities Companies and Intermediaries Inc. (GASCI) said in a brief advisory on its website. Apart from CCI, the GASCI lists Demerara Holdings Inc and Tech-nology Investments and Management Inc as companies managed by Webster.

Last year, accountant Christopher Ram had questioned how the shareholding of CCI ended up in companies …..To continue reading, login or subscribe now.



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