In a letter of demand sent by his attorney to Stabroek News’ Editor in Chief, Chief Executive Officer of the Guyana Sugar Corporation (GuySuCo) Paul Cheong has demanded payment in the sum of $25 million.
According to the letter, this payment is for damages for the injury to his reputation and for the embarrassment and distress caused to him as a result of the publication in the newspaper.
In a letter dated May 19, a writer made a number of accusations against Cheong including his procurement practices and his management of the company’s finances.
According to Cheong’s letter of demand, the letter’s accusations are defamatory, false and has caused serious harm to his reputation.
He pointed out that in addition to his longstanding service to GuySuCo, he has also held roles in a number of private companies and the Private Sector Commission.
“Unsurprisingly, our client’s reputation has been seriously harmed by the publication of such defamatory allegations, the nature of which are deeply distressing, embarrassing and wholly unfounded. Our client is a well respected and prominent figure in the business sector in Guyana with over 40 years of experience.”
“As previously mentioned, he currently holds the position of Chief Executive Officer of GuySuCo since 2024, having previously served as a member on the company’s Board of Directors. In addition to his longstanding service to GuySuCo, our client served as Chairman of the Private Sector Commission in 2021 and 2022,” the letter further said.
Cheong also demanded a full retraction and apology.
The newspaper was given until July 3 to respond.
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