The State Assets Recovery Agency (SARA) is working with the National Industrial and Commercial Investments Limited (NICIL) to recover a large amount of money owed for the leasing of three state-owned properties in Berbice.
According to SARA’s Deputy Director Aubrey Heath-Retemyer, in one case the leasee was also selling off pieces of equipment without permission. Heath-Retemyer made this disclosure during a recent interview with Stabroek News. He expanded on some comments made by Attorney General Basil Williams during the just concluded budget debates.
Williams had said that SARA, in collaboration with NICIL, was able to repossess the properties from delinquent lessees. Two of these properties, he said, are again on the market and interested parties are prepared to pay 300% – 400% more than the previous tenants while the third piece was sold to the Guyana Revenue Authority (GRA) for $60 million.
