A year after receiving a warning from the Guyana Securities Council (GSC) to desist from trading shares here, oil and gas company G.G.C Resources Inc. is again under scrutiny.
The Guyana Geology and Mines Commission (GGMC) last Sunday placed a notice in the Sunday Stabroek in which it asked the principals of the company to make contact with the agency.
A reliable source at the GGMC, which is the regulator for the extractive sector, explained to this newspaper that the notice was placed at the behest of the GSC. “We have to do our own due diligence. The Securities Council has been trying to get information on them and they came to us and we wrote to CGX and said we are trying to find these people. You have a company trading so many shares but somebody who is interested would want to know who you are, who are the people behind the company and they should be able to find you but can’t,” one official, who did not want to be named, explained.
