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Billions siphoned off from Transport & Harbours Dept. between 2003/2007

October 22, 2015 3:09 pm Category: latest news A+ / A-

By Jomo Paul

Minister of Public Infrastructure, David Patterson.

Minister of Public Infrastructure, David Patterson.

[www.inewsguyana.com] – Billions of dollars appear to have been siphoned off from the earnings of the Transport and Harbours Department under the People’s Progressive Party/Civic administration in the years 2003 – 2007.

This was revealed in the Auditor General’s report for the successive years, which amount to hundreds of millions of dollars. The reports were presented in the National Assembly on Thursday, October 22.

Public Infrastructure Minister, David Patterson, reading excerpts from the report indicated that for 2003, the audit of the financial statements disclosed that there was a gross understatement of the department’s income.

In 2003, the amount of $597M was reported as income; however a review by the Auditor General disclosed an income of $639M – a difference of $43M between the actual income and the stated amount.

Again in 2004, the operating income was stated as $332M; however the AG’s report showed an income of $639M – a difference of $307M.

For 2005, the stated amount was $362M with the actual income being $658M; a difference of $295M. The trend continued in 2006 and 2007 with understatements being $317M and $112M respectively. It is a grand total of $1.074B.

 

 

Replies sorted oldest to newest

Originally Posted by Jalil:

Who was the Great Economic Czar that was making this money disappear.

How come we are now hearing of this? I thought the Auditor General audits the books every year. When was the last audit of this department? This was up to 2007. Where was the Auditor General all this time? Who Was the Auditor General during this period?

Z
Originally Posted by Zed:
Originally Posted by Jalil:

Who was the Great Economic Czar that was making this money disappear.

How come we are now hearing of this? I thought the Auditor General audits the books every year. When was the last audit of this department? This was up to 2007. Where was the Auditor General all this time? Who Was the Auditor General during this period?

Ashne's wife auditing him as the finance minister.

FM
Originally Posted by BGurd_See:

All these accusations and the afc/apnu have yet to jail any member of the PPP who were responsible. 

I think it is all smoke. As Desi use to chant, more fiah. That is all this government has, innuendos.

 

 

S
Originally Posted by BGurd_See:

All these accusations and the afc/apnu have yet to jail any member of the PPP who were responsible. 

One has to line up the evidence. One can take a cue from the US where the began investigating a congressman in 2007 and only recently concluded the case. Ed Amhad is still walking free even though convicted and definitely will serve time. He is singing like a canary. In time we will get these bastards. You only need to get one over the barrel and he will tell where the bones are buried.

FM
Last edited by Former Member
Originally Posted by Stormborn:
Originally Posted by BGurd_See:

All these accusations and the afc/apnu have yet to jail any member of the PPP who were responsible. 

One has to line up the evidence. One can take a cue from the US where the began investigating a congressman in 2007 and only recently concluded the case. Ed Amhad is still walking free even though convicted and definitely will serve time. He is singing like a canary. In time we will get these bastards. You only need to get one over the barrel and he will tell where the bones are buried.

I hope you are correct as I would like to see politicians and those in decision making capacity jailed for wrong doings. This will set a precedence for all those looking to commit fraud in the future. But I suspect this is all hot air from the afc/apnu, time will tell.

FM
Originally Posted by Zed:
Originally Posted by Jalil:

Who was the Great Economic Czar that was making this money disappear.

How come we are now hearing of this? I thought the Auditor General audits the books every year. When was the last audit of this department? This was up to 2007. Where was the Auditor General all this time? Who Was the Auditor General during this period?

Have you been living under a rock all those years?

Mitwah
Originally Posted by BGurd_See:

All these accusations and the afc/apnu have yet to jail any member of the PPP who were responsible. 

 

To date: ZERO of these WILD WEST claims have been proven in a court of law.

 

Instead, the Economy is in the toilet while the PNC scums are taking massive pay increases.

FM

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