During 2012-2015, the PPP/C government granted logging company Baishanlin concessions amounting to $1.8 billion despite its failure to fulfill obligations under its investment agreements and this figure is likely to be significantly higher as the firm has been here since 2006.
Forensic auditor Anand Goolsarran who made the finding recommended that the Government of Guyana consider terminating the investment agreements with the company and recover the value of the fiscal concessions granted to it.
Many of the items for which tax waivers were granted were either unrelated to, or significantly more than the requirements for the company’s project, the report on the forensic audit and review of the operations of the Guyana Forestry Commission (GFC) said. Former Auditor-General Goolsarran compiled the report
