Insurance company says it is not involved in corruption in award of contract at Petrojam

FRASER FONTAINE and Kong (FFK), an insurance company that currently provides coverage for Petrojam, has denounced any suggestion of involvement in any corruption in the award of a contract at the oil refinery.

Lawyers representing the company have highlighted reports in the print and electronic media concerning the award of contract for insurance brokerage services for Petrojam Limited to FFK.

“The statement suggests that there was corruption involved in the award of the contract to FFK,” Myers, Fletcher and Gordon said yesterday in a letter to the editor.

“Reports in the media have stated that another bidder's pricing was significantly less than FFK's pricing, yet the bidder was not awarded the contract. FFK has no knowledge of prices quoted by other bidders as this information is confidential," the law firm said.

"Contrary to the impression given in some news reports, it was publicly known that Petrojam was not obliged to accept the lowest or any bid and reserves the right to terminate the bidding process at any point prior to the award of contract without incurring any liability to any of the participants. This is established and was clearly outlined in summary on Petrojam's RFP, published on the website for Petrojam."

See full statement from FFK at www.jamaica-gleaner.com.