Guyana reaches agreement with RUDISA for US$7.72M payment

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President David Granger, Executive President of RUDISA, Rudi Sardjoe, Managing Director of RUDISA Motor Company, Maurice Gajadhar and Minister of State, Joseph Harmon
President David Granger, Executive President of RUDISA, Rudi Sardjoe, Managing Director of RUDISA Motor Company, Maurice Gajadhar and Minister of State, Joseph Harmon

[www.inewsguyana.com] – The Guyana government has reached an agreement with the Surinamese beverage company, RUDISA International NV, with regard to the repayment of a judgment of US$7.72M in keeping with a ruling of the Caribbean Court of Justice (CCJ). The agreement includes the repayment of a reduced sum.

RUDISA’s owner, Rudi Sardjoe met with the President of Guyana, David Granger and Minister of State, Joseph Harmon, at the Ministry of the Presidency on Wednesday, July 22. The purpose of the meeting was to iron out a settlement for repayment.

Minister Harmon said that RUDISA has agreed to a smaller sum and Government welcomes this, noting it is important that there is good cooperation between investors and the Government of Guyana. He added that the agreement bodes well for the relationship between Guyana and Suriname.

“When the Guyana has to fork out money to pay for anything, it is the people of the country that actually have to do without and so Mr. Sarjoe’s generosity is something we really we appreciate. He has actually given us a package which gives us some breathing room,” the Minister of State said.

RUDISA’s owner, Rudi Sardjoe said, “It is not about the money… We are a company working in Guyana a lot and we want to maintain the close relations that we have with the people of Guyana.”

The Government of Guyana was ordered by the CCJ to pay RUDISA some US$6, 047,244.47, which had been collected in an environmental tax that contravenes the Revised Treaty of Chaguaramas (RTC). The sum was further increased after Guyana incurred a contempt of court judgment under the previous administration. [Extracted and modified from GINA]

1 COMMENT

  1. This is a fine example of diplomacy being used in conjunction with foreign investment and commercial interests. Good job

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