Monday, July 3, 2017
By SANCHESKA DORSETT
Tribune Staff Reporter
sdorsett@tribunemedia.net
SEVERAL managers attached to a department at Bahamas Power and Light have been placed on leave while a forensic audit is being carried out on the utility provider’s finances, Works Minister Desmond Bannister confirmed yesterday.
In an interview with The Tribune, Mr Bannister stressed the action was not an “indictment” on the employees, but said the auditors needed “full access” to all BPL files without interference by the staff.
Mr Bannister would not say how many persons were sent home, but The Tribune understands the three senior officers were suspended Friday afternoon.
“This does not mean they are guilty of anything, we have to wait until we see the full report,” Mr Bannister told The Tribune.
“We have hired persons that are highly experienced and very thorough because we want the answers as to what happened. I told the board that this is not political and I wanted them to use their best judgment and to follow the advice of the auditors. I want them to be able to do what they feel is best so there will be no interference from me whatsoever. “There is no politics in this at all. Wherever this investigation leads us, that is what we will do.”
Mr Bannister said he is unsure how long the investigation will take but he said “we have to be careful not to put time limits on their work.”
In late June, the administration building at BPL’s Big Pond office was shut down to staff and customers over a weekend, while the audit was being carried out.
According to a source close to the matter, the offices were closed to allow “full access” to Ernst and Young auditors to investigate the millions of dollars that have allegedly been “stolen” from the company.
The source also said that the Ernst and Young auditors were flown in from an office in the United States to conduct the investigation.
Last week, a well-placed source told The Tribune that the amount allegedly missing from BPL has risen to $4m. When asked for comment on this, Mr Bannister said he had not received the updated figure.
Last month, four BPL employees were suspended and one person was terminated pending the outcome of the theft investigation.
Certain employees were accused of “orchestrating an elaborate scheme” that allegedly involved fake companies and forged cheques. Allegedly at least one bank employee was also involved in the plot and is being investigated, a source told The Tribune.
Assistant Commissioner of Police Clayton Fernander recently said that while police have not made any arrests to date, “there is no doubt that someone will be charged.”
During the budget debate last month, Mr Bannister told parliamentarians that “action is forthcoming” in connection with the investigation.
Comments
DDK says...
Why were Ernst and Young auditors flown in from the U.S.? Are there no capable forensic auditors in the Bahamas? Who is is footing the bill and how many millions (million being the denomination of the day) will it be?
Posted 3 July 2017, 1:32 p.m. Suggest removal
Economist says...
It is to make sure that no one is connected and provides a sterile investigation. In the US they often bring people in form out of state.
Posted 3 July 2017, 2:06 p.m. Suggest removal
banker says...
Winder, the local guy who gets everything is too tied to the PLP.
Posted 4 July 2017, 9:42 a.m. Suggest removal
birdiestrachan says...
They have accused the PLP of seeking outside help and they are doing the very same thing
not because they do not have the experts here as the PLP did. but because they do not trust
the Bahamian firms. Good work Banister. make those who voted for the FNM proud.****
Posted 3 July 2017, 3:34 p.m. Suggest removal
realfreethinker says...
Go away
Posted 3 July 2017, 4:22 p.m. Suggest removal
MonkeeDoo says...
I can't believe that birdie still drawing breath.
Posted 3 July 2017, 4:24 p.m. Suggest removal
banker says...
She is rejuvenated with the new government. She is used to living, breathing and eating feces.
Posted 4 July 2017, 9:43 a.m. Suggest removal
BahamasForBahamians says...
Thank God that wretched CFO cecile green is gone.
Perhaps now we can find out where the money went.
Posted 3 July 2017, 4:50 p.m. Suggest removal
observer2 says...
Once the foreign forensic auditors are completed at BEC, please send them to NI, BoB, Resolve, Bamsi, BahamasAir, Mortgage Corp, Ministry of Finance, Post Office, Post Office Bank....
Posted 4 July 2017, 7:36 a.m. Suggest removal
John2 says...
You missed out Road Traffic Dept
Posted 4 July 2017, 7:55 a.m. Suggest removal
watcher says...
Ministry of Foreign Affairs should be another one inspected, so that we might know exactly what was spent in our name when Mitchell and his cronies were jetsetting around the world first class, and what tangible benefits he ever brought to the country. Hell, we may as well go the whole hog, and attach a permanent team of forensic auditors as part of the American Embassy.
Posted 4 July 2017, 10:58 a.m. Suggest removal
sheeprunner12 says...
The forensic audit bill may far exceed what tangible results it reaps for the Treasury ......... but it may be worth a try ....... The PLP may have squandered a BILLION dollars ........... It is worth $20 million to recoup a BILLION dollars
Posted 4 July 2017, 5:52 p.m. Suggest removal
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