Personnel at the Guyana Oil Company’s (Guyoil) Bulk Terminal located in Providence, East Bank Demerara are being interviewed by police after a fraud was uncovered at that location, the Chairman of Guyoil Dr Keshav Mangal confirmed yesterday.
Mangal yesterday said that police had been “interviewing personnel” at the storage bond since the middle of last week but declined to say anything further on the matter.
According to an informed source, the fraud was discovered during the first week in August after a disgruntled worker blew the whistle leading the company to carry out an audit on the bond.
The source said that some workers at the bond were “selling out” Castrol products leaving empty boxes behind.
The audit has revealed so far that the missing items comprising lubricants, grease and Castrol GTX oil have a value of $4-$5M, the source said. GUYOIL is the sole distributor of Castrol products.
The source told this newspaper too that there were usually four persons working the bond, one of whom had been fired last year but was subsequently rehired.
A full inquiry into the fraud has been ordered this newspaper was told.
Efforts to get a comment from the police yesterday proved futile.
