Gov’t legal team exploring options to tap GGMC funds for GuySuCo

A government legal team is “fervently” exploring legal options to secure a stalled $3 billion transfer from the Guyana Geology and Mines Commission (GGMC) to buy land from the cash-strapped GuySuCo.

“They still are trying to get the money and have a heavy legal team working fervently to see how legally possible and how soon they could get it transferred,” a source close to the deal told Stabroek News.

Earlier this month, government solicited the help of two senior counsel and met with members of the GGMC’s hierarchy