Loss of US$5M investment must not be allowed to happen again – Finance Minister

Welcome to Guyana! US fast food chain, Burger King was last evening declared open in Guyana by Minister of Finance Winston Jordan (third from left) .

Finance Minister Winston Jordan says that the loss of a US$5m investment to Trinidad because the prospective Guyanese investor was given a runaround here must not be allowed to happen again.

He was referring to the case of St Lucia-based businessman Ronald Ramjattan who was reported in the last Sunday Stabroek as saying that he opted to make his investment in the Twin-Island Republic as the previous PPP/C government had not given him a favourable response.

Speaking at the launching of the Burger King franchise yesterday at the corner of Camp and Regent streets yesterday, Jordan said “We note, with disbelief and distress, the loss of a US$5 million investment to Trinidad and Tobago, by a world-renowned Guyanese businessman, whose only crime appeared to have been being the cousin of now Hon. Minister of Public Security, Khemraj Ramjattan.