Reply to "Auditors unable to verify over $70M spent on D’Urban Park – 4 years later, report reveals"

@Former Member posted:

Auditors unable to verify over $70M spent on D’Urban Park – 4 years later, report reveals

Jan 11, 2022 News -- Source -- Kaieteur News Online -- https://www.kaieteurnewsonline...park-report-reveals/

Kaieteur News –

A private company named Homestretch Development Inc. (HDI) was created to implement this Project. As at December 31, 2017, amounts totalling $1.150 billion were expended. However payment vouchers to support expenditure incurred by the Ministry totalling $70.610M were not produced for audit examination.

As such, auditors noted completeness, accuracy, and validity of this amount could not be determined. Moreover, the Audit Office has once again recommended that the Head of Budget Agency submit the outstanding payment vouchers for audit.

In addition, the amount of $500M was paid to HDI in 2017 by the Ministry to enable HDI to meet its obligation to its creditors. However, there was no documentation attached to the payment vouchers to indicate the works done, supervisory checks carried out on the works, as well as certification that the works were satisfactorily completed.

Eh-eh ... where have all the money gone.