The Deputy Chief Executive Officer (DCEO) for Operations at the Guyana Power and Light (GPL) Company, Aerswar Deonarine is yet to return the $27 Million to the GPL account following a request early in August for the government to grant him additional time.
Minister of Public Infrastructure, David Patterson said on Monday that the matter has been handed over to Attorney General, Basil Williams and Public Security Minister, Khemraj Ramjattan.
“I don’t know where those investigations are because it is out of my hands now,” he said.
According to Patterson, he received no report from either of the Ministers that the money had been returned.
When News Source contacted Crime Chief Wendelll Blanhum, he said that police investigators are yet to receive a file from the government on the illegal transaction.
The government had promised to hand the matter over to the police.
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. The money had been transferred to GPL as part of a larger sum to assist the company with 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.
However, News Source understands that the Deputy CEO deposited the money into a local commercial bank and has been making withdrawals from the United States.
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.
Over $900,000 was transferred to his personal account from the same PetroCaribe funds.