Logging company Baishanlin owes the Guyana Forestry Commission (GFC) tens of millions of dollars and has made no effort to pay despite being requested to do so.
Stabroek News understands that the troubled logging company owes at least $79 million to the GFC and while the GFC Board and the GFC itself had written the company regarding the debts, no-follow up measures have been taken to ensure that they are paid. According to a GFC source, for the now-expired State Forest Exploratory Permit SFEP 01/2013, penalties for 2014-2015 were calculated as $29.7 million of which only $3 million was paid by April 5 this year.
