Avalon Jagnanan, who was the principal behind a company that received 15 acres of land from the National Industrial and Commercial Investments Limited (NICIL) under questionable circumstances, stands ready to cooperate with police whenever he is called upon.
This is according to Jagnanan’s lawyer, Glenn Hanoman, who related that his client is ready and available and at home. He also said that when he reached out to the police after it was reported that he was being sought for questioning, the police informed them that they were not ready for him.
“They have his workplace and his phone numbers. They’ve never contacted him… he’s at home and he’s at work. He’s not hiding at all and the police don’t want to see him at this point. They say they might want to see him later. But not right now,” Hanoman informed this publication.
It was revealed last month that Life 1 Pharms Incorporated, which Jagnandan heads, leased a total of 15 acres of land at Peters Hall, East Bank Demerara (EBD), for the sum of US$11,700. This land was subsequently transferred to one individual for $100.
Similarly, A-Z Pharmaceuticals also leased three plots of land at Peters Hall for US$11,700 a year from NICIL. The company then transferred the land to the same individual for a mere $100. Police had detained and subsequently released Eddie Doolall, the principal for A-Z Pharmaceuticals, a few days ago.
The massive conspiracy to give away prime State lands by the A Partnership for National Unity/Alliance For Change (APNU/AFC) coalition, came to light late October with documents showing that People’s National Congress (PNC) member, James Bond collected US$1 million for lands at Peters Hall, East Bank Demerara.
Attorney General Anil Nandlall revealed that Bond, who was at the centre of the questionable transactions, was listed as the lawyer on record for the drafting of three contracts.
The AG revealed that in one instance, 20 acres of land was leased for 20 years to a company with its address listed as Third Street, Alberttown, Georgetown.
The lands referred to as Plots A1, A2, A3, and A4 amounted to 20.8 acres, which were not valuated prior to the signing of the lease on May 9, 2018, for an annual fee of US$16,224.
The land was later sold to a company connected to the oil and gas industry for US$1 million, which did not go to the owner, rather to the attorney on record.
Nandlall said that the address for the company is the same address that the PNC Executive has listed on his bank account as his place of residence.
