“Only transferring a portion of public funds and keeping what you want is unconstitutional,China Jerseys NFL Wholesale, outrageous and violates the country’s financial laws.”The Guyana Geology and Mines Commission (GGMC) recently revealed how much of its funds it transferred to the national purse.AFC Vice-Chairman, Moses NagamootooIt said that in 2006, it transferred $800M while in 2010,Cheap Jerseys, $2B was provided. The Commission also declared that in 2011, another $2B was transferred whilst in 2012, $2B was also transferred. This gives a total of $6.8B which has been transferred to the Consolidated Funds by the Commission within a six year period.The political opposition has been calling on the Commission and even the Minister of Finance, Dr. Ashni Singh for some time, to not only ensure all GGMC funds are placed into the Consolidated Funds, but to also declare how much has been transferred and when, if any.Asked up to press time if he is the least bit satisfied with this exposure, Vice Chairman of the Alliance For Change (AFC) Moses Nagamootoo, responded in the negative.Nagamootoo told this publication that the nation is not in a position at this point to verify those statements, considering that the Parliament has been prorogued and as such would go further to state that the Commission only gave part of the story.He stated that it is clear by the recent $3B loan agreement between the Commission and the Central Housing and Planning Authority (CH&PA), that the Commission has been withholding monies and releasing what it wants to the national purse.The lawyer posited that this move by the Commission raises questions as to why monies were withheld in the first place and not all transferred to the Treasury.Nagamootoo said that GGMC should not be operating in such a manner and posited that its recent move regarding the Loan Agreement is only for Banks.“Why are they holding on to monies and then transferring what they want? They are holding on to monies because they have intentions of giving loans? GGMC is not a Bank,” he emphasized. He said too that the Commission has been overstepping its bounds in holding onto monies and lending what it deems necessary to government agencies.The Commission recently declared that the granting of the $3B loan should not be seen as an isolated case where monies are being expended or utilized to support other agencies and the development of the country.In fact,Cheap NFL Jerseys Wholesale, it said that GGMC has a history of providing financial assistance to other entities. It cited numerous cases where it gave monies to agencies over the 2012 to 2015 period.It provided $932,291for rehabilitation works to the Bartica Pavilion, to the procurement of the Continuous Operating Reference Station (CORS) at a cost of $80,039,806 for the implementation of eight stations over a period of six months which will facilitate real time GPS surveys for all agencies and Ministries. It also transferred $70M in 2013 to the Office of the Prime Minister to improve electricity supply at Mahdia, Port Kaituma, Mathews Ridge and Moruca.In this regard, $25 M was allocated to Mahdia Power & Light Inc., $25M to Port Kaituma Power & Light Inc and $20M to Mathews Ridge Power & Light Inc.Last year, GGMC also funded the restructuring of the Environmental Protection Agency (EPA) at a cost of USD$240,000. It had also transferred $2B to the National Protected Areas Trust Fund that year.But Nagamootoo asserts that this sort of behaviour where the Commission is transferring monies to agencies which are supposed to be transferred to the National Treasury is unconstitutional,Wholesale Cheap Jerseys, outrageous and in total violation of Guyana’s financial laws.“To keep these monies or a portion of what you think you need to fund other agencies is in my view, absolutely illegal and I have studied the Mining Act and GGMC’s laws. They cannot be doing that, and when it does, it can certainly be inferred that it is for less than legal purposes. The monies are supposed to be transferred to the Consolidated Funds and if they want monies, proper parliamentary oversight can be implemented. This sort of behaviour also raises issues of ethics and financial improprieties. Clearly GGMC has been and continues to overstep its boundaries,Cheap NFL Jerseys China,” the AFC Vice Chairman added.