Jagdeo Says It Makes Investing Easier, Amid Su’s Claims Of Under-The-Table ‘Processing’ Fees – Demerara Waves Online News – Guyana

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Updated on Sunday, June 19, 2022 at 2:47 p.m. by Denis Chabrol

Vice Chairman Bharrat Jagdeo during his interaction with Mr. Su and Vice News reporters who posed as investors.

Vice President Bharrat Jagdeo said he facilitates investment transactions but does not enter into actual financial transactions, during facilitation talks at his residence by Chinese businessman, Su Zhi Rong, attended by Vice News reporters posing as Chinese investors interested in a large-scale investment opportunity for prime land that could house a hotel and casino.

“I don’t get involved in business. Su is my friend. He gets all the support. Su takes care of all the agreements. I don’t, I don’t. The thing is, my thing is, I’m in government, so I help on the government side. That’s it,” Mr Jagdeo said from his sprawling residence in Goedverwagting on the east coast of Demerara.

Mr Jagdeo did not immediately comment Sunday on the Vice News production he has seen so far, but promised to do so later.

When the vice president released the full interview with Vice earlier this year, he vehemently denied taking bribes from Chinese middlemen and Su even released a separate statement denying the suggestions he said. which he was an intermediary concluding agreements.

The Vice News reporter is seen recording an audio conversation allegedly with Mr. Su who says, “Once the money is in Guyana, I will give him the money. The vice-president finds this the simplest and most practical. With these procedures, no one can attack us.

But in the Vice News production titled “Guyana For Sale,” Su said, according to a Mandarin-to-Chinese text transcript: “I need to know that the money is his (Vice President Bharrat Jagdeo). Don’t worry, I’ll give him the money with you.

Concluding the discussion at Mr. Jagdeo’s residence between Mr. Su and the secret Vice News team, Mr. Su remarked that “the hands of the elected senior government official are very clean.” The Chinese businessman, who has large investments in logging and other sectors, said he had brokered deals in the oil sector and the construction of a hydropower project. “The hydroelectric plant needs tens of millions of dollars. He made me deal with it. He will never admit he is involved in this,” Mr Chu also said through voice-to-text translation.

The Guyanese government has since called off negotiations with China Railway Group Limited, saying the company has found that the build, own, operate and transfer (BOOT) model is no longer feasible and would instead prefer an engineering, Procurement and Construction (EPC). model.

Mr. Su told Vice News reporters that he had a good relationship with the vice president and would share the “processing fee” with Mr. Jagdeo. “If we do business together, my boss will not receive the money directly. It will be a ‘service’ or ‘processing’ fee. Then he will split some of it with me,” he said. declared.

Without naming the company, Vice News quoted an unnamed general manager of a larger Chinese state-owned construction company, who was not named, as saying that “advisory fees are the bribe wine” and “they don’t do any real advice”.

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