The Deputy Chief Executive Officer for Operations at the Guyana Power and Light Company, Aerswar Deonarine, has asked the Government of Guyana to give him additional time to return $27 Million to the GPL account.
Minister of Public Infrastructure, David Patterson on Saturday said “I am aware that a letter was sent in by the DCEO. He wrote the letter saying he does not believe his actions were wrong. However, he will refund the money, but is requesting some time, because the cash was transferred to his United States (US) account”.
Deonarine was sent on leave after it was discovered that he had paid himself a retroactive salary increase which totaled $27 Million, without the approval of the Board of the company.
The transfer was discovered during the forensic audit of the Petro Caribe funds. They money had been transferred to GPL as part of a larger sum to assist the company in the purchase of fuel.
The Deputy CEO has now explained to the Government that he had already transferred the money to his accounts in the United States and would therefore need some time to have the money redirected to Guyana so that he could return it.
When the transfer was discovered, checks with the management and board of GPL revealed that there was never any authorization or approval for the raise of pay and retroactive payments.
The man was convinced that the Board had made a decision and the only Board member he got approval from for the transfer was Carvil Duncan who also give himself a raise of pay as Director and over $900,000 was transferred to his personal account from the same PetroCaribe funds.
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