GM&CC ready to pursue massive $6.4B debt owed by company linked to PNC/R
Days after being slammed by Vice President and General Secretary of the People’s Progressive Party Civic (PPP/C) Dr. Bharrat Jagdeo, the Georgetown Mayor and City Council (GM&CC), said it would pursue the substantial debt of $6.4 billion owed by a company linked to the People’s National Congress Reform (PNC/R).
This was disclosed by Georgetown Mayor Alfred Mentore during a statutory meeting on Tuesday.
Mentor stated that the MC&CC will be moving to recover the massive debt that arose from unpaid taxes for properties and the party’s headquarters at Congress Place.
He said, “The Honorable Vice President of this country speaks to that and also suggests that we have a big revenue stream to go after, and those also include all kinds of persons.He spoke about political parties, and I agree we will have to be considered, and all those persons will have to be addressed.”
Dr. Jagdeo criticised the council amid an industrial strike by city workers following the mayor and PNC councillors’ decision to disallow salary increases due to insufficient financial resources.
According to the vice president, the council has access to substantial revenues that could address workers’ needs and fund development projects but has failed to recover and utilize these resources.
“For the many, many years, it never paid taxes to the city council for the entire massive property that they have at Congress Place. They owe 6.4 billion dollars now.
They would not pay it, and the city council would not go after them. Yet they will say to the workers there that they don’t have a source of revenue to pay them,” Dr. Jagdeo said on Thursday last.
