Thirty-two vehicles imported by King Solomon Enterprises in 2001 and warehoused without payment of duty under a special arrangement were found rotting at Belfield last year and the Office of the Auditor General has recommended that they be disposed of.
The report of the Office of the Auditor General for 2010 which was tabled in the National Assembly on Friday revealed that a bond worth $60M had been established for King Solomon Enterprises on January 23, 2001 with the now defunct Globe Trust and Investment Company Limited for the purposes of warehousing goods without the payment of duty on the first entry. This agreement had been struck with the Guyana Revenue Authority (GRA).
However, the report said that a physical inspection of
