Although his concerns are currently gaining the attention of the High Court, owner of Guyana Stores Limited, Mr. Tony Yassin, has slammed allegations that he is indebted to the Winston Brassington-headed National Industrial and Commercial Investments Limited (NICIL).There have been constant reports in sections of the media that Yassin owes some US$2 million to the Government and has failed to honour his obligation.However, Yassin said,Cheap NFL Jerseys China, yesterday, that “as the investor I never declined to pay the US$2 million…after making the highest tender bid of US$6 million for Guyana Stores with no entrances.”Yassin noted that it was through the court that he became aware that a promissory note was signed by the former Chief Executive Officer to indebt the investors and Guyana Stores. He explained that on its closure, attempts were made by the former CEO to infuse an additional US$1.5 million without the approval of the Board of Directors.According to Yassin, there were also rumours about properties that were part of the sale even as he noted that not only were there settlements of accounts but all monies owed have been paid in full. He said that all other significant losses of the business are currently engaging the attention of the court.Yassin is expressing concern that attempts are yet being made to damage the company’s credibility.He noted, “In my opinion the trial is proceeding as it should. Any points of dispute or contention will all be addressed by the courts.”He is convinced that attempts are being made to hamper due process. He pointed to 18 articles published in the government friendly Guyana Times which have been seeking to “tarnish the image, reputation and name of Guyana Stores and its investors.”According to the United States-based Guyanese investor the most troubling aspect of the ongoing issue is the fact that the newspaper along with the local Privatisation Unit, which has Winston Brassington as its Executive Secretary, and others are constantly “trying to try the case out of court…clearly a disrespect to the court.”He made reference to a television appearance by Brassington which saw him “making baseless remarks and comments that Guyana Stores owes US$2 million to the government.”Yassin insisted that the continuous slanderous attacks, innuendoes and varying assertions all seem to be a sensational move to bring the operations of Guyana Stores into disrepute.He described the ongoing attempts as nothing less than blatant disregard for the court even as Government entities seek to tarnish the goodwill and image of a company and a home-grown foreign investor.He said that he has invested in a company losing millions of dollars and has over the years seen many failed attempts to be privatised. The matter was heard Friday by Justice Roxanne George-Wiltshire.NICIL is being represented by Rafiq Turhan Khan, while Yassin is being represented by Senior Counsel Rex Mc Kay, Edward Luckhoo and Mr. Sasenarine Gunraj.In the court on Friday, Brassington admitted that he kept crucial documents away from the investor.? Manniram Prashad, who was chairman of GSL before it was privatized, had warned that the company would face a serious cash flow problem if the company went ahead and paid out the interim dividend that Brassington ordered – an authority which he didn’t have in the first place.Prashad had said that if the dividend of $358 million was paid out, it would have implications for the company’s debt status, that cash flow would be affected and working capital would be reduced.A certain Mr Sharma, the Finance Manager, had also written about the negative impact on the financial status of the company. Senior Counsel Edward Luckhoo, Attorney for Yassin,Nike Air Vapor Max Flyknit, asked Brassington if it wouldn’t have been important to hand those documents over to the investor before the deal was signed.Brassington said that while he did not include the document, the matters were “discussed” and that Yassin was aware of those issues.Brassington further said that while he “partly” found the complaints by Prashad and Sharma to be serious,Nike Air Max 95 For Sale, he did not necessarily respond in writing,Wholesale NFL Jerseys, even though he is most times a “careful and methodical” person.Brassington denied that he deliberately kept the documents away from Yassin because he did not want him, Yassin, to know what was happening. The Privatisation Unit had submitted a bundle of documents to the investor for him to consider when submitting a bid for the property,China Jerseys Free Shipping, but Brassington said that the documents were not to be relied on.Pressed further by Luckhoo, Brassington first said that the documents