Thursday, October 25, 2007

Ministry clarifies its typo on fines

http://www.stabroeknews.com/index.pl/article?id=56531658

Ministry clarifies its typo on fines
Stabroek News, Wednesday, October 24th 2007

The Agriculture Ministry in a clarification yesterday said that due to
a typographical error the fine payable by Barama Company Limited in
respect of the N.Sukul & Sons concession was stated as $12,419,244
instead of the $2,419,244.

It means that Barama Company Ltd is liable to $96.4M in total fines and
not $106M as stated in yesterday's Stabroek News.

In a clarification statement issued yesterday by the Agriculture
Ministry it noted that the fines are as follows: breach in Concession
issued to A. Mazaharally & Sons: $78,081,800.00, breach in Concession
issued to N. Sukul & Sons: $2,419,244 and breach in Concession issued
to Barakat Timbers Limited $15 982,104, for a total fine of
$96,483,148.

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