A total of $4.2 billion, including $3 billion from Caricom’s Petroleum Fund, was used to pay the first batch of Clico (Guyana) customers who were refunded, a source within the Finance Ministry has said.
The remaining $1.2 billion consisted of the $600 million that Vaitarna Holdings Private Inc (VHPI) paid to the government to acquire a repossessed forestry concession, while the remaining $600 million was from Clico (Guyana)’s own resources, the source said.
It was only when pressed recently by the media that the government disclosed its deal with VHPI and that the $600 million was used to
