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January 1, 2021
Among the findings of the team appointed to investigate the alleged financial misconduct at the Demerara Harbour Bridge Asphalt’s Plant, is management’s continuous granting of credit to Courtney Benn Contracting Services Limited (CBCSL) despite the decision of the directors to discontinue selling asphalt on credit to this client until all monies owed are collected.
The report that was made public by the ministry stated that the minutes of the meeting of the Board of Directors on November 29th, 2016, revealed that the directors were concerned over credit being granted to CBCSL when there was no existing policy for providing credit for such a large amount.