FORMER board member of the Guyana Power and Light Inc. Carvil Duncan has said that the transfer of monies from the coffers of the company to his personal bank account was in order, and approved by the Board of Directors.

Duncan made the comment yesterday after he was approached by reporters on the matter, which is now under investigation by the police.
He made it clear that he has no intention of repaying the funds, since, according to him, he worked for 10 years with GPL, but was paid for only 48 months.
Duncan and former Deputy Chief Executive Officer (CEO) Ashlar Deonarine had reportedly paid themselves some $28M in back-pay they felt they deserved.
On Monday, he had promised to turn himself in to the police so as to assist with their investigations, which he did yesterday.
Duncan also reportedly provided the police with a statement in the matter, after he was told specifically about the allegations against him.
This publication showed up at the Criminal Investigation Department (CID) yesterday to speak with Duncan about his meeting with ranks, but never got the chance to do so, as he had just exited the building, entered his heavily tinted vehicle, and drove out of the compound with the windows rolled up.
Meanwhile, there has been no confirmation yet on the whereabouts of Deonarine, who is also accused of moving funds from the company to his personal bank account.
Back in August, it had been reported that Deonarine, who had left the jurisdiction, had requested time to repay the money, as it had been transferred to his personal bank account in the United States.
Last week, the police were handed the documents pertaining to the findings of an internal audit at GPL that discovered the illegal removal of funds from the company’s coffers.
The files also include the recommendations in the audit report, after the illegal acts were uncovered. One of the recommendations was that the former DCEO be sent on immediate administrative leave.