Securities council seeking order for Webster to repay shares transfer money

The Guyana Securities Council (GSC) is seeking court orders for the Managing Director of Caribbean Containers Inc (CCI) Ron Webster to account for all sums from what it said was an “impugned” shares transfer and for full restitution to be made of all sums received by him from it.

The GSC on January 30th 2014 sued Webster over a CCI shares transfer and other matters. The writ followed extensive questioning in the media last year by chartered accountant Christopher Ram about how the shareholding of CCI ended up in companies owned and controlled by Webster, also a longstanding director of CCI. Webster had denied any wrongdoing and filed legal action against Ram.

In court papers filed by attorney at law Stephen Fraser and seen by this …..To continue reading, login or subscribe now.



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