Christopher Ram manipulated Hotel Tower tender in favour of local drug lord.

Posted in the Georgetown, Guyana Forum

Joe Pub-Licks

Georgetown, Guyana

#1 May 25, 2010
Chief Executive Officer (CEO) Paul Stephenson, of the Cara Hotels, yesterday told Chief Justice Mr. Ian Chang, S.C., that while his company was attempting to purchase the Tower Hotel which was up for sale, the Receiver/Manager, Christopher Ram, prevented him from doing so by refusing to open the tenders at the eventual closing date.
Mr. Stephenson, who has a string of hotels in the Caribbean, was still giving evidence in support of the writ brought against Christopher Ram personally and in his capacity as receiver-manager, Hotel Tower, Limited.
Stephenson is also seeking damages in excess of $1M for the aforesaid and breach of contract. Also damages in excess of $1M for misrepresentation generally and to shareholders of Hotel Tower Limited, as to the said bid of the Plaintiffs not taking into account their interests or as to no bid by them at all.
The plaintiffs are also seeking an injunction restraining the Defendant by himself, his servants and or agents, from awarding and or allocating the purchase of Hotel Tower Limited to any one other than the Plaintiffs without proceeding in accordance with due tender requirements and without giving due consideration to the Plaintiffs bid.
Attorney-at-Law, Mr. Sanjeev Datadin, was yesterday leading a team of lawyers representing the Plaintiffs.
Up to the end of the session, no one had entered appearance for Mr. Christopher Ram, who was in Court.
The Plaintiffs are a body corporate registered under the Companies Act.
The Defendant was duly appointed by Nova Scotia as Receiver/Manager of Hotel Tower Limited to the aforesaid Bank.
The Plaintiffs have wide experience in catering hotel management as well as access to the necessary credit. They were at the time of the appointment of the Receiver/Manager negotiating arrangements with the hotel to take care of their debt to the aforesaid Bank and for their future operartions.
The Defendant in November, 1999, publicly published a Request for Proposals for Hotel Tower and invited bids for the said hotel. The plaintiffs complied with the Tender requirements.
The Defendant, on more than one occasion, changed the closing date for tenders to the prejudice of the Plaintiffs and acted in an unfair and uncommercial manner in respect of the Tender process.
Further hearing continues on June 1, 2010.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Georgetown, Guyana Discussions

Title Updated Last By Comments
News On This Day: Over 900 Peoples Temple Members Co... (Nov '09) Mar 19 precious 8
Georgetown Music Forum (Nov '12) Mar 1 Musikologist 11
News Suriname trade delegation heading to Guyana Jan '15 Francesco Sinibaldi 1
News Drug bust in Guyana uncovers US$800 million in ... Jan '15 NEW INSPECTA 2
People settling in Guyana from the West Indies Dec '14 Dai franks 1
News Guyana still at risk of blacklisting by FATF, s... Oct '14 roger khan 1
News US approves setting up DEA office in Guyana (Jul '14) Oct '14 the inspector 11
More from around the web