POPULAR West Bank Demerara businessman, Frankie Satnarine, is counting his losses after an early-morning fire flattened his Lot 21 Patentia Housing Scheme bond, which contained millions worth in cosmetics and pharmaceutical products.The fire is suspected to be the work of arsonist(s).
Speaking with the Guyana Chronicle, Satnarine estimates his losses at some $60M.
Neighbours observed the fire about 06.30 hrs, and according to Satnarine, it was his brother who relayed the sad news.

The entire two-storey building was destroyed; nothing was saved. The home of next door neighbour Frederick Williams also sustained minor damage.
Quick response from the Guyana Fire Service prevented the fire from spreading to nearby buildings.
“Sometime between 06.30-07.00 hrs, my brother said he was riding and saw some smoke. When he got there he said the grill was broken into, and there’s a fire inside, but there’s nothing he could do, the fire was already large. By the time the fire tenders arrived, the building was up in flames. Nothing was saved,” Satnarine said.
Satnarine and several neighbours share the opinion that the fire was the work of arsonist(s), allegedly from a group of five commonly known “junkies” in the area.
They were arrested for trespassing on the premises a few days earlier.
“There’s no electricity at the building and I’m thinking somebody must have lit it. The police were in there the other day and they saw some guys in the yard, and lock up two of them, but three of them were released, and when they passed the neighbours heard them saying that they gon bun down the place. But nobody giving the police a statement, the police came and ask who said that, but they [the neighbours] are not talking,” the businessman related.