The High Court on Monday threw out a $90 million suit filed by shareholders Ronald and his brother Rustum Bulkan of Precision Woodworking Limited (PWL) against the Bank of Guyana (BoG) and its Governor Dr. Gobind Ganga.
The Bulkans had alleged misfeasance in public office, deceit, breach of statutory duty, and negligence against the bank over what they described as a suspicious and unlawful deposit of $82, 068, 617, in their company’s account.
But in striking out their claim, Justice Priya Sewnarine-Beharry ruled among other things that the case such as that filed by the Bulkans ought to have been brought in the company’s name and not theirs.
