G2K wants deeper DB&G deal probe

Generation 2000 (G2K), the young professionals' arm of the governing Jamaica Labour Party (JLP), wants Contractor General Greg Christie to delve deeper into the so-called sweetheart deals between the previous administration and the investment-banking firm Dehring, Bunting and Golding (DB&G).

This comes after the group raised several questions about the deals yesterday and demanded answers from some of the key players involved.

One of the questions raised by Delano Seiveright, the president of G2K, is whether DB&G got a waiver of the transfer taxes on the deals which involved the sale of government receivables to the investment-banking firm.

Seiveright also wants to know how the receivables were priced and the justification for the difference between the price at which DB&G bought the receivables and the price at which they were sold.

"It is against this background that G2K calls on the (OCG) Office of the Contractor General to investigate all transactions between the GOJ during Dr Davies' tenure as finance minister and DB&G," he told reporters yesterday.

G2K's concerns come a week after Christie concluded that aspects of the deals were "irregular and highly improper" but found nothing illegal.