GuySuCo, NICIL to probe reported land agreement breach by Ed Ahmad company

GuySuCo Company Secretary Frederick Singh says that the probe of a reported breach of the restrictions on the use of land at Leonora sold to South American Woods Inc. would be undertaken by both the state-owned corporation and the National Industrial and Commercial Investments Ltd (NICIL).

The 17-acre plot of land was acquired by the company in 2011 for just over $80 million, with the condition that it would be used to build a wood processing factory which in turn would provide jobs for the area.

The Ed Ahmad company has instead been advertising a housing development called Leonora Projects, inclusive of a large shopping centre and a partially gated housing scheme with 87 houses at the 17 acres of land at Block ‘R’ Leonora (formerly Plantation Groenveldt).

Singh said GuySuco will need to verify that the four houses currently in various states of construction on the land …..To continue reading, login or subscribe now.

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