‘Accommodation’ reached in Polar beer saga

Joshua SafeekThe Polar beer saga involving Fidelity Investment Inc and the Guyana Revenue Authority that is currently before several courts took a twist on Friday last when a reported interim deal was reached and numerous cases of the alcoholic beverages were allowed to leave the city bond.

No specific details on the settlement were forthcoming except that Fidelity met with the revenue body privately on Friday and subsequently deposited a substantial amount of money in return for permission to clear some of the stocks in the bond. Up to late Friday night loaded trucks were moving off from the Broad Street, Charlestown bond.