Laws broken in handling of Exxon signing bonus, Chris Ram says

Analyst Christopher Ram yesterday said that laws have been broken in the handling of the signing bonus government receiv-ed with the renewal of ExxonMobil’s oil exploration agreement and he has called on President David Granger to call in the police for a criminal probe and to apologise to the nation for the “deception” of some of his ministers.

Ram also specifically called for a public inquiry into the administration of the Ministry of Natural Resources, including the negotiation of contracts outside of Guyana and all its financial transactions in local and foreign currency.

“If President Granger wants to regain the public trust in his administration, he needs to apologise to the nation for this diabolical act by his Ministers, remedy the violations, call in the Police, and take surgical action. But not before mounting a public Inquiry into all aspects of the administration of the Ministry of Natural Resources, including the negotiation of contracts outside of Guyana, in Gre-nada and in New York; the process leading up to the signing of an unnecessary, new Petroleum Agreement with Esso Exploration and Production (Guyana) Limited; and all financial transactions in local and foreign currency,” Ram, a chartered accountant and attorney, said in a statement issued yesterday.