Alliance for Change Leader, Raphael Trotman, who has previously been critical of having Geeta Singh-Knight sit on the Board of Directors of the Guyana Sugar Corporation (GuySuCo),Cheap NFL Jerseys China, is now lashing out at the President for the way he has defended her position there.Geeta Singh-KnightHead of State,Cheap Jerseys NFL China, Bharrat Jagdeo, recently told media operatives that it was a spate of bad decisions that led to the collapse of? insurance giant Colonial Life Insurance Company (CLICO) Guyana but its then CEO Singh-Knight still has, “significant skills, frankly speaking.”Trotman is of the opinion that this position adopted by Jagdeo wreaks of “high class lawlessness to defend a bad decision when thousands lost everything.”The AFC leader said that his party is disappointed that after being allowed to preside over the collapse of CLICO, “the loss of hundreds of millions of pension funds and other medical and insurance benefits based on so-called bad investments, that President Jagdeo who boasts of being a good mathematician, would persevere with someone like Singh-Knights at GUYSUCO and not see the value of a Dr Harold Davis at GuySuCo.”In January this year, two senior officials of the Corporation GuySuCo were sent packing following a disastrous production performance last year and amidst clamours that there were excesses in the corporation.Director of GuySuCo’s Agriculture Research, Dr. Harold Davis, was one of the officials sent off by the Board of Directors.According to Trotman, the decisions and calculations by the President, “are just not adding up…He is practising jumbie economics.”Trotman said that while Singh-Knights may have her qualities, in any other country in the world she would have felt compelled to take a self-imposed sabbatical from the corporate world.“Look at how GuySuCo is collapsing nationally….First it was CLICO (Guyana), now sugar is in crisis after spending almost US$300M on the Skeldon Sugar factory and neglecting the workers.”He suggested that “any school child who can add two and two can tell you that hundreds of millions are being lost through theft,Wholesale Jerseys, corruption and waste because of the bad decisions being made by the President.”Trotman reiterated, “You can fool some of the people some of the time but you can’t fool all of the people all of the time…The President has every reason to be afraid of the AFC winning power because we will deal with the corruption condignly from top to bottom.”President Bharrat Jagdeo who held a press briefing on Friday prior to departing for London, stated that the fact was that several bad investments were made by CLICO Guyana and was asked whether he thought it was a good idea to have her sit on the GuySuCo Board and he said that she has, “significant skills, frankly speaking.”Jagdeo had just finished telling the media operatives at a press briefing that several bad investments were made by CLICO Guyana.He told media operatives that at CLICO Guyana all of the money spent can be tracked adding that,Cheap NFL Jerseys, “It’s not like it disappeared or was siphoned…the problem is it was the judgment, it might be bad judgment.”The President said, “Clearly we can establish that they had inter-company links established across the Caribbean… they had interlocking directorate and they were excessively leveraged.”The President said that monies were sent from Guyana to CLICO Bahamas,Wholesale Jerseys China, to the Turks and Caicos, to Suriname and to several other CLICO ventures “because of interlocking directorate and because of incestuous transactions…those are clear to us.”As it relates to CLICO Guyana’s investments overseas, the President reiterated that, if one should talk about that, a lot of our people made bad judgments…They were lured by high interest rates….This happen in a financial crisis…Look at how much money is lost around the world.”Jagdeo stressed that if it were a matter of corruption then it would have been a totally different scenario “but we have found no evidence of corruption.”A lot of people made bad judgments in the period and a lot of people lost their money, some with Stanford.Singh-Knight was placed on an interim management board of GuySuCo to assist in drafting a ‘turn-around plan’ for the industry.It was later found that while she was at the helm of CLICO Guyana,Wholesale Authentic Jerseys, the company breached the Insurance Act by investing more than it should have overseas and the company was well below its liquidity rate.A senior official close to GuySuCo source has since advised Singh Knight is on the Board in a voluntary position and receives no salary and is b