HDM Labs and Hardat Singh through their Attorneys, have written to the Guyana Times demanding an apology for various alleged defamatory statements concerning publications made by the newspaper on April 10 and April 12, last.“If an apology is not published HDM Labs and Mr. Singh intend to sue for not less than US$1,000,000.The Guyana Times published a headline alleging that “$420M fertilizer contract was ‘return’ on political investment.”In a scathing six-page letter, HDM Labs and Mr. Singh denied the existence of any political impropriety or connection. They never contributed in cash or in kind to the AFC or any other political party, Singh said.In response to the Times publication that “Rahman is calling for Hardat Singh to be investigated since he is in receipt of information which shows that Singh was convicted in the USA on charges of fraud and money laundering” the letter states that Mr. Singh has never committed or been convicted or accused of any financial crime or fraud stating that “HDM Labs has flourished in a highly competitive, dynamic and regulated wholesale environment, relying exclusively on its goodwill and the integrity of its President,Cheap Jerseys USA, Mr. Hardat Singh, where distributors and end users trust the Plaintiffs’ integrity, reliability,Wholesale NFL Jerseys China, creditworthiness and market history to supply it with products that directly impact human life.”It also denied that Mr. Singh is an investor in “Spice Restaurant,” has any “Chinese shop” or that he was a campaign financier or organizer of the AFC in any way, but rather has made various philanthropic contributions to various medical centers countrywide.The letter states that since 1993, HDM Labs has been “a leading supplier of materials for medical research, diagnostics and pharmaceuticals, whose products are supplied globally.”It goes on to state that “HDM Labs is currently registered and is in good standing with the USFDA and the USDA, and is currently affiliated with several leading global pharmaceutical manufacturing companies” generating “an approximate annual revenue exceeding $300 M” for at least the last decade.It was explained that after they discovered that the then market price for Urea approximately $5600-$5800 per 50 kg bag,Cheap China Jerseys, they offered to sell Urea at approximately 25% less at an approximate market price of $4,160 per 50kg bag, which resulted in a contract with the GRDB for 5000 tonnes of Urea which is still in force and effect, the Urea currently being at port waiting to be delivered to Guyana.The letter states “[A]s part of the commercially negotiated terms,Cheap Jerseys 2018, and consistent with HDM Labs’ worldwide terms, HDM Labs requested that payment be secured by a transferrable irrevocable letter of credit,Cheap Jerseys Free Shipping, 50% to be paid on the issuance of the purchase order, 40% upon arrival at port, and 10% after receipt.These terms were in no way negotiated due to any financial constraints or unavailability of products. Moreover, the product being supplied is of the highest international standards.” These terms were incorporated into the parties’ contract.The letter states that “The explicit wording of the article falsely alleges that HDM Labs has been rewarded for some sort of campaign finance to the AFC, when HDM Labs has never made any contribution to any political party in Guyana… the Contract between the parties was awarded on the basis of competitive pricing and nothing more.”The letter states, “Almost immediately upon HDM Labs’ execution with its Contract with the GRDB, despite being kept at above $5,500 a bag for an extended period,Cheap NFL Jerseys, retailers lowered their market prices in order to compete with the price of urea being supplied by HDM Labs.“Upon information and belief, but for the contract, the local rice farmers would have continued to be gorged by suppliers at exorbitant prices, HDM Labs single handedly being responsible for an immediate reduction of the urea market price in Guyana.”In specific reference to the statements reported by the Guyana Times, the letter states that “these allegations that you have published mean, and were understood to mean, that not only are the Plaintiffs’ finances and management not proper, but that Mr. Singh has undertaken illegal financial activities and is corrupt, something that is not only untrue, but that has never been alleged by any third party against the Plaintiff.”The letter charges that the “Guyana Times has acted with actual malice, that is, with false or reckless disregard for the truth, and in a grossly irresponsible manner by failing to follow the most basic