Kaieteur News: Jagdeo himself, according to details of allocations, received two parcels equivalent to two acres.
On it, he built an imposing mansion, complete with pool and overlooking the seawall and the Atlantic Ocean.
He paid a total of $9.8M. He had owned a property along the Ogle Airport Road in the community that was known as ‘Pradoville One’. However, he sold that property to Trinidadian advertising executive, Ernie Ross.
There is no confirmation whether the former President paid the Capital Gains tax on the profits he made on sale of the mansion or whether the 10-year timeframe had passed in which he could have sold the property.
In effect, Jagdeo paid three times less than what ordinary citizens in the Diamond and Grove Housing Schemes, East Bank Demerara, would have been required to fork out.
Jagdeo’s payment for the Pradoville Two parcels translated to $5M per acre which works out at $114 per square foot; the ordinary man pays $317 per square foot for his plot.
The sale of the Pradoville Two house lots for such a low price would contrast starkly with what remigrants had to pay under the Government’s scheme for returning to Guyana. Remigrants paid more than ten times the price Jagdeo paid for the same size house lot. They paid $1,111 per square foot.
The ordinary house lots for remigrants and citizens are not ocean-front, but are located on the East Bank and East Coast of Demerara, in what were abandoned cane fields.
Pradoville Two is located in an area known officially as Plantation Sparendaam and Goedverwagting Two.
Other beneficiaries included Director of Public Prosecutions (DPP), Shalimar Ali-Hack, and former Head of the Private Sector Commission (PSC), Ramesh Dookhoo.
The DPP has sweeping powers and holds an independent office.
Former Public Service Minister, Dr. Jennifer Westford; former Natural Resources Minister, Robert Persaud; Compton Bourne, former Head of the Caribbean Development Bank and UG Chancellor; Ghansham Singh and Kamini Parag-Singh and Florrie Loretta Ramnauth also received house lots.
Singh is said to be the son of former Labour Minister, Dr. Nanda Gopaul. They also paid just over $1.5M.
Ali-Hack and her husband, Moeen ul Hack, a top figure in the Central Islamic Organisation of Guyana (CIOG), paid $1,488,744 for a piece of land. The Certificates of Title were prepared in 2011.
Dookhoo, a Banks DIH executive, was a former Chairman of PSC as well as the Guyana Water Inc. (GWI). He reportedly paid $1,502,500 for his plot with his title prepared in 2010.
Also benefitting was Lisaveta Ramotar, daughter of former President Donald Ramotar. She paid $1,515,000.
Former Home Affairs Minister, Clement Rohee; former GWI boss, Shaik Baksh and former Minister of Education, Priya Manickchand, also received lots, paying just over $1.5M each.(priya built and sold her house for $1 million US$ we’re told)
So too did former Army Chief, Rear Admiral Gary Best and sacked Chief Executive Officer of the embattled Guyana Sugar Corporation, Dr. Rajendra Singh.
Also named in the list were Andrew Bishop, a Presidential Advisor in the former administration and former Chief Executive Officer of the Guyana Lands and Surveys Commission.
Safraaz Khan and George Hallaq, said to be the country’s former Middle East envoy, and a company called Future Developers International Guyana Inc., were also among the other names on the list.