Dear Editor,
That the New Building Society is holding its 68th Annual General Meeting in Berbice this Saturday is no surprise. Under pressure from members at a special meeting in September 8 last year called by concerned members in the wake of a $69 million fraud on the society, Vice-Chairman Dr Nanda Gopaul had advised members against trying to vote out the directors because “we have Regions Five and Six”. With four vacancies on the board, it has now become necessary for the remaining directors – Messrs. McDoom, Seepaul Narine, Steve Bovell and Dr Gopaul – to pull out all the stops to prevent “outsiders” getting on the Board.
They refuse to tell long-standing member Ms Eileen Cox, who has nominated one of two persons nominated by concerned members, who the other nominees as directors are. Ms Cox, who is 90 years old, was told she must go to Berbice if she wants to know. That is insulting and disgraceful and is a shame on the society.
