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Receivers on behalf of the Demerara Bank Limited (DBL) yesterday moved in on the Mahaicony Rice Mills seizing its assets for non -payment of monies owing.Kaieteur News was told that the private company which has been dormant for close to two years now reportedly owes some $600M and has failed to fulfill its obligations of repayment. The company has for years faced financial difficulties. This latest move by the bank is as a result of that struggle.The Mahaicony Rice Mills,Cheap Air Max 97 Trainers, once the largest rice operator in the country,Austin Hooper Falcons Jersey UK, faced issues of non-payment to farmers and had its license suspended. Sources said that it is unsure of the path of the company’s owners since there has been no indication of repayment. It is even unclear whether the company is seeking to reopen for business in light of what has occurred.In March,Cheap NHL Jerseys, farmers were to receive $53M for payments due.  SeaRice Caribbean Guyana purchased Mahaicony Rice Mills Limited’s assets at Paradise and Vilvoorden. According to Fitzroy McLeod,Air Max Zero Be True, Financial Controller of that company,Nike Tns Sale, SeaRice Caribbean inherited the debts.Other payments,Cheap Maple Leafs Jerseys, owing to the government and to the Guyana Cooperative Financial Service by the rice mill were said to have been paid off.