Forensic audit flags $184M debt to GPL

An experimentation of the Guyana Power and Light Inc. (GPL) with a collection agency has left the state agency $180M poorer.The company, Bill Direct, is no longer operating and despite a court judgment, GPL has not been able to recoup the monies. The transaction is one of several raised in a forensic audit report conducted by Nigel Hinds Financial Services.

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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