Chief Executive Officer of the Guyana Oil Company Limited (GUYOIL) Renatha Exeter yesterday defended the decision to terminate three contracts with a Trinidadian company and in a statement, GUYOIL last night assailed a Kaieteur News report on Sunday which alleged that a failed bribery attempt had been the cause of the rescinding of the contracts.
Exeter yesterday told Stabroek News that the decision to terminate three contracts with Trinidad and Tobago firm Commissiong and Company Limited last week was made by the state-owned company’s Board of Directors in accordance with extant tender rules.
Exeter also maintained that at no point was any single individual responsible for either awarding or terminating the contracts, which terminations she insists were made on the basis of the Trinidadian company’s failure provide a bank guarantee or bond through a local bank.
