Charlestown bond continues to bleed Treasury – Nandlall

From right: Ministers George Norton and Raphael Trotman on a tour of the bond (SN file photo)

More than a year after the drug bond scandal erupted, there is nothing to suggest that the multimillion contract for the monthly rental of the Sussex Street property has been terminated, according to PPP/C MP Anil Nandlall who has expressed concern over the matter and called for it to be put back on the front burner.

“After the controversy broke in August, 2016, Cabinet set up a sub-committee which recommended an early termination of the five-year contract. A year after there is no evidence to suggest that this contract has been terminated or is nearing termination. The bond scandal should be revisited”, Nandlall told Stabroek News on Saturday.

Controversy erupted early last year after it was revealed that government was paying businessman Larry Singh (owner of Linden Holding Inc.) a monthly rental of $12.5M for a building at Sussex Street to store drugs.