Use of Leonora land for Ed Ahmad development will have to be investigated

By Stabroek News On In Guyana News |
Construction has started on two house lots. There were signs of demarcation for other plots. Persons on the site said that the two houses being constructed were sold to a private individual and were not being developed by the Ahmad Group.
Construction has started on two house lots. There were signs of demarcation for other plots. Persons on the site said that the two houses being constructed were sold to a private individual and were not being developed by the Ahmad Group.

– GuySuCo official

GuySuCo Company Secretary Frederick Singh says breaches of the restrictions over the use of land at Leonora, which was sold to South American Woods Incorporated, will have to be investigated.

Singh told Stabroek News during a telephone interview that further questions could be sent to the National Industrial and Commercial Investments Ltd (NICIL), which acted as the agent for the sale of the land in 2011.

Proprietor of South American Woods Inc, Guyanese-born real estate fraudster Edul Ahmad, purchased the 17 acres of land at Block ‘R’ Lenora (formerly Plantation Groenveldt) in February 2011 for $80 million. The sale of the GuySuCo land had provisions in place that investors were bound by certain commitments