THE Urban Development Corporation (UDC) has advised the Office of the Contractor General (OCG) that it is taking steps to request the termination of its pending sale agreement in respect of its property at 35 West Parade, Kingston, in order “to comply with the divestment process”.

The UDC’s notification to the OCG, which was dated October 19, was written in response to an OCG recommendation of October 13 for the UDC to “immediately terminate the arrangement and advertise the property in keeping with the strictures and requirements of the Government of Jamaica Privatisation Policy and Procedures”, the OCG said in a news release today.

“The OCG wishes to publicly commend the UDC for the principled and contrite stand which the company has taken,” Contractor General Greg Christie said. “The UDC has demonstrated that it is at least prepared to be held accountable for its admitted breaches of the rules and to implement the requisite corrective measures which will ensure probity in its handling of the matter in the interest of the country’s taxpayers.”

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