Head of the National Industrial and Commercial Investments Limited (NICIL) Winston Brassington said on Monday that the Marriott Hotel is covering all of its operating costs with no financial assistance.
He was asked questions as to the financial relationship between NICIL and the Marriott to date at a press conference he held at the Privatisation Unit’s boardroom in Kingston, as regards the $1 billion transferred from the former Guyana National Co-operative Bank to NICIL and earmarked for the hotel’s construction.
Brassington responded that contrary to reports in the Kaieteur News the $1 billion was not held in a secret account and in fact was transferred into NICIL’s regular bank account. The revelation was made by the state-sanctioned forensic auditor of NICIL, former Auditor General Anand Goolsarran in his audit report.
“There was never any attempt to deceive the auditors. It was sitting in the NICIL’s accounts which was audited each year,”
