A $100m loan from the APNU+AFC government to the state-owned Guyana National Printers Limited (GNPL) in 2017 revealed that not only were no interest or principal payments made but that most of the machinery bought is either currently not working or still stored in shipping plastic, a special audit of the transaction has revealed.
It has been recommended by the Office of the Auditor General audit that the then Board be held responsible.
The report into the funds loaned to the GNPL said that three years after the monies were borrowed to purchase and upgrade machinery and repair the building, only about ten percent of the objective had been achieved.