The Vetting That Never Was: How Guyana’s Housing Ministry Manufactured Trust It Never Verified
The Vetting That Never Was: How Guyana’s Housing Ministry Manufactured Trust It Never Verified
OPINION BY: Editor —592 Guardian
On May 20, 2024, President Irfaan Ali stood inside a freshly built two-bedroom home in Leonora, West Coast Demerara, and expressed his satisfaction with what he saw. Housing Minister Collin Croal, who accompanied him, posted the visit to Facebook with evident pride: stainless steel security doors, fire-resistant insulation, a first home built in seven days. The tour, Croal wrote, was led by “Modular Builds Guyana Inc.’s Director of Projects and Construction, Mr. Hardeep Singh, and Chief Financial Officer, Mr. William Grant.”

Two years later, that same company is at the centre of allegations that it defrauded four Guyanese clients of a combined $145 million. Singh is reported to have fled to the United Kingdom. Modular Build Guyana has denied the allegations as “completely false” and has threatened legal action against the outlet that reported them, but has not addressed any of the four clients’ specific claims.
It is the second such case this year. A separate contractor, Omar Malik, and his company DreamVu Homes, received a contract directly through the Housing Ministry to build dozens of units under the government’s Young Professional Homes initiative. Payments were financed through mortgages at local commercial banks — approved, the Ministry itself acknowledges, after it had approved Malik as the contractor. Malik has since fled the jurisdiction, leaving roughly two dozen young professionals servicing mortgage debt on homes that were never finished.
Two cases, two different failures — both traced to the Ministry
Modular Builds Guyana Inc. Four clients allege they collectively advanced $145 million to the company after encountering its representatives at the Guyana Building Expo, a state-organized event. One advanced $28 million for four two-bedroom apartments and received only columns and 100 laid blocks. Another paid $50 million for an eleven-storey building and received four truckloads of sand. A third paid $22 million for a commercial building with only minor works completed. A fourth paid $45 million for a three-storey complex that reached roughly 15 percent completion. Police told Kaieteur News that Singh has since left the country.
This is the softer form of state involvement: a presidential and ministerial photo opportunity, widely publicized, that lent Modular Builds a credibility never backed by a documented government contract. A review of the National Procurement and Tender Administration Board’s published tender-award register shows no contract ever issued to Modular Builds Guyana Inc. Central Housing and Planning Authority’s own news archive carries no procurement notice or follow-up naming the company beyond the May 2024 site-visit coverage. The endorsement, in other words, was real; the paper trail behind it was not.
Omar Malik and DreamVu Homes. This case is categorically different, and more serious. According to the Ministry’s own statement — corroborated across multiple outlets, and prompted by public criticism from Opposition Leader Azruddin Mohamed; Malik “received a contract through the Housing Ministry for the construction of dozens of Young Professional Homes as part of the Government’s housing push.” Payments to Malik were made, in significant part, through mortgages arranged at local commercial banks, entered into after the Ministry had approved both the contractor and the construction deals.
Mohamed’s public challenge to the Ministry captured the core problem directly: “How could a project facilitated through a government housing initiative become a nightmare for Guyanese?”
Facing that pressure, the Ministry disclosed — for the first time publicly, in a statement issued through CH&PA — that it had known about Malik’s non-performance since at least mid-2025, had issued public notices in national newspapers that August calling on him to report and resolve outstanding matters, had filed a formal criminal report with the Guyana Police Force after he failed to comply, and had since engaged INTERPOL, the FBI, and CARICOM IMPACS in an effort to locate him internationally. Independent reporting confirms this multi-agency engagement is real.
What the Ministry’s own account concedes — and what it omits
Read carefully, the Ministry’s statement is not evidence of an agency that acted proactively. It is evidence of an agency that acted only after non-compliance became undeniable, and disclosed that action only after an opposition leader forced the question into public view. Nothing in the Ministry’s account explains what due diligence, if any, was performed on Malik or DreamVu Homes before he was approved as a contractor on a government housing initiative — the point at which the harm to two dozen families became possible.
That omission matters more than the after-the-fact enforcement effort. INTERPOL and the FBI can help catch a man after he has fled with the money. Nothing the Ministry has disclosed suggests any comparable rigor was applied to stop him from being approved as a government-facilitated contractor in the first place.
The banks in the middle
The families affected by the DreamVu collapse are not simply out of pocket; they are contractually bound to mortgage lenders for houses that do not exist. Multiple outlets report that payments flowed through “local commercial banks and mortgage plans,” but not one names which bank or banks originated these loans. Neither Guyana’s Financial Intelligence Unit nor the Bank of Guyana has issued any public statement referencing this case.
That silence is itself worth scrutiny. Guyana’s Anti-Money Laundering and Countering the Financing of Terrorism Act designates real estate and construction financing as a higher-risk sector precisely because large, document-heavy transactions with a weakly verifiable end-use are a recognized laundering typology internationally.
If a commercial bank disbursed mortgage funds against a Ministry-approved contract without independently verifying the contractor’s capacity to perform, that represents a second, distinct institutional failure sitting alongside the Ministry’s — one that neither the Ministry’s statement nor any bank has yet addressed publicly.
The defense that doesn’t survive contact with the government’s own words
Asked by Kiskadee Watch, in the context of the Malik case, whether the Ministry had tightened expo screening to prevent a recurrence, Minister within the Ministry of Housing Vanessa Benn said the expos “feature all kinds of companies offering their services,” and that the responsibility for background checks rests with the homebuyer — comparing the choice of contractor to buying a car.
That framing does not survive contact with the government’s own public language. Ahead of the 2026 expo, Minister Croal promised the public “a safe and seamless experience for visitors and exhibitors” — the language of active curation, not a disclaimed open marketplace. Nowhere in CH&PA’s published materials, on buildingexpo.gy, or from the expo’s coordinating agency, Impressions GY, could this newsroom find any disclosed exhibitor vetting standard; no published registration requirement, no bonding requirement, no screening criteria available to the public. CH&PA’s Single Window system does require business registration and incorporation documents, but only for construction permit applications tied to specific land parcels — an entirely separate process from securing a booth at the expo, or from being approved as a contractor on a Ministry housing initiative.
Malik’s case removes any ambiguity that might have existed in the Modular Builds case about whether the state was merely an incidental host. Here, the Ministry does not dispute that it approved the contractor directly. Ms. Benn’s comparison to buying a car does not apply to a purchase the car dealership itself arranged, endorsed, and helped finance.
Where this leaves accountability
Guyanese families affected by these two cases did not lose a combined quarter of a billion dollars in an unregulated marketplace. One group encountered a contractor inside a government-branded exposition personally toured and praised by the President. The other was approved, by the Ministry’s own admission, as a direct contractor on a state housing initiative, with payments channeled through the banking system on the strength of that approval.
That sequence — endorse first, investigate only under pressure, then instruct citizens to have vetted it themselves — is not accountability. It is liability management. Until CH&PA publishes an actual, enforced screening standard for expo exhibitors and Ministry-approved contractors alike, and until the banks that financed the DreamVu mortgages explain what due diligence they performed, the Building Expo and the Young Professional Homes initiative will remain what these two cases now demonstrate them to be: state-branded platforms carrying the appearance of official vetting, and none of the substance.
The 592 Guardian sought to verify claims independently through UK Companies House records, Guyana’s National Procurement and Tender Administration Board, Central Housing and Planning Authority’s public records, Guyana’s Financial Intelligence Unit and Bank of Guyana public statements, and independent Barbadian press coverage of Modular Builds’ prior operations in that jurisdiction. Where claims could not be independently verified — including the full corporate history of Modular Builds Guyana Inc. through Guyana’s Deeds and Commercial Registries Authority, which maintains no public online search facility, and the identity of the bank or banks that financed the DreamVu Homes mortgages — this is noted in the reporting above rather than presumed.
—The Board

















