Faced with claims that it was derelict in its duty relating to regulatory oversight which allowed for alleged Ponzi scheme company, Accelerated Capital Firm Inc (ACFI) to bilk locals of over US$20M, Governor of the Bank of Guyana (BoG), Gobin Ganga, yesterday said the company’s activities are outside of its remit.
“In the case of Accelerated Capital Firm Inc, the Bank of Guyana wishes to make pellucid that the purported activities of the said entity do not fall under the remit of the Bank of Guyana. Notwithstanding, the Bank of Guyana has been lending support to the investigative team assigned to address the circumstances surrounding the operations of Accelerated Capital Firm Inc,” Ganga stated.
The BoG Governor fired back at former Guyana Minister of Finance and Jamaica Central Bank Deputy Governor, Asgar Ally, who on Wednesday called on both Ganga and the former Minister of Finance to explain why actions were not taken to protect Guyanese.
