Notify me again when it reaches $70 million and then again at $200 million. Thanks.

what the....

The forensic auditors are hopefully focusing on invoices, payments and physical quantity/measurement records relating to fuel purchases from the fuel supply enterprises in which Sir Snake has a beneficial ownership interest.

If they copied all the hard drives, I believe they're be looking at everything, down to the cobwebs

When the US forensic auditors are finished at BEC, please send them to NI, BoB, Resolve, Post Office Bank, Motor Vehicles, Bahamasair, Mortgage Corp, Bamsi, AG Offece, Hotel Corp, Ministry of Finance, Hospital, Education? Water and Sewerage, Real Property Tax.,.did I miss anyting?

Look like if it could move it was gettin tief.

The People part of BTC! MOT! Da Police Dept. LOL!

Comrades! Again, I can argue this audit will not have served its purpose if in the long run only the smaller fish are exposed. The $1 million that will be spent on the BPL (BEC) forensic audit will be worthless in the face of accusations that there is no way you can steal $7 million without the criminal complicity of high ups of the corporate and political ladder. I shall believe the $1 million forensic auditing fees were well spent - but only after I get see who, if anyone, gets arrested, charged and fried tiefing the people's $7 million? If the slackness in charging MP's for not filing their Financial Disclosures is the example the red cabinet will follow on BPL/BEC tiefing - then how can you doubt that the $1 million will have been just more waste the states monies - stuffed in more of the same political bullshi# talk envelopes?

Big heads had better roll or this will make two political parties that will NEVER be elected again!

Comrade Sickened, aren't these the same red shirts party who whist in opposition went all public to accuse that unknown persons had tiefed unknown millions dollars from the drugs inventory at PMH? Was that a true accusation? That is not the only tiefing accusations make whilst in opposition....Now was it? Good Justice is not to try your case in the media - unless of course you have a complete disregard for destroying peoples good reputations they spent years working to build? You don't have name those sent home to have tarnished their reputations - when their co-workers, church members, children's friends parents, friends, family members and neighbours does knows they are no longer allowed report for work at BPL. It's just not fair to treat anyone that unfairly.

I suppose you could allow them to come to work with no access to the system, but we don't know the level of automation at BOL,some records may be hard copy. If I were them and I know I didn't do anything, I'd enjoy the paid vacation. The only danger is, if they're found to have been negligent for not detecting anything sooner their job or responsibilities could be in jeopardy.

Comrade ThisIsOurs, I will defer to the cyber revovery experts but I would think if there is any possibility of getting the 'deleted' files before you do any cloning, do that. I would think there is no way to 'guarantee' getting those 'deleted' files back out of a cloned hard drive? And, I seriously doubt the hired gun foreigner auditors are cyber experts?

I bet you they do have an expert among them. Accounting firms are hiring it security people just for this kind of thing. But I'm saying if innocent people have been put on leave, enjoy the stress free month off.

Comrade Thisisours, what scares me is the red regime have been careless when it comes to just calling out the ordinary people for doing bad things against the state's assets. The government workers of the nation must be free from being sent home when only under suspicion by their elected politicians. If you have 'evidence' of tiefing - turn it over to the police and not the media. Our British justice system is not to try the accused in the media and even before they're arrested and charged. I am guessing the bulk the $7 million has to do with overtime and vacation pay, etc - maybe even dead workers on payroll?

Heard the nominee for the US FBI Director post talk about the importance of "process" when investigating people, because at the end of the day if a case proceeds or a case is dropped, you want people to have confidence that everyone was treated fairly. I will agree, I think the FNM has been employing these investigations too gleefully and not following process. I believe that is the point Hubert Ingraham was making as well. Follow the process, don't misuse or abuse the investigative process for quick political wins.

..... and just how many millions is this forensic audit going to cost The People? If the perpetrators are not prosecuted and jailed and the missing monies recovered, what then? The distribution of power is still hopeless.

The point is, this is an investment into the future of eliminating corrupt losses. Sure it costs us now but the saving of future embezzlement will more than cover this cost. Even conducting audits and investigations has to be giving the thieves a second thought. I hope...

Has the secrecy of this investigation raised flags for any of the learned readers and visitors
of this website?

Lets compare:
At BAIC: Less than 10k was allegedly missing - Public Arrests and charades were had. The public was constantly updated with arrests on the former chairman and relevant staff. All presumed to be PLP supporters.

On the other hand: We have ( $7million -$1billion) missing from BEC but no word on who has been suspended or is being investigated? Mums the word!.

Expose the FNM CFO Cecile Greene and all of her inner dealings! The public demands answers!
Its the peoples time!

If you look at the state of affairs at BEC there had to be massive thefts or mismanaged or both for BEC to have degraded to this level and to still be so sunken in debt. And the theft does not only involve cash, but also electricity, equipment and supplies and manpower hours. And if someone does not go to jail with all this exposure of t'iefin going on in government and government corporations we all may as well quit our jobs and start tiefin too. It is virtually impossible for the common man to endure the high cost of living and still pay government taxes too. Now word has it that some BEC employees have means of speeding up consumers meters causing them to pay more electricity while slowing their own matters and having lower light bills. This borders on treason and these people need to be identified, prosecuted and sent to jail. Then the cost of living will be reduced for every one, government will be able to pay its bills and have its credibility restored.

This is at the AUDIT stage. When the AUDITORS have finished they pass their findings to the board or the minister or whoever engaged them. If the report indicates CRIMINALS activity then the POLICE will be called in to investigate, collect evidence and then prosecute. Let's not get too far ahead of ourselves people. The BAIC matter was small fries in comparison to what is described in this story. Talk to the police about that one as there was no auditors involved that we know about.

No surprise here at all.. if there is one, its that all the corruption that we all know has existed for decades is finally coming to light.. what, if anything, will be done about it is another story. The late Paul Adderley said at one time that the Bahamas is a country of institutionalized dishonesty.. that was true when he said it, and seems just a true now.

Is there anything that isn't corrupt?
Although you think it's bad now, wait until the Chinese take over!

If Banister says there is no politics. rest assured there is politics, not surprise if 7 million is
missing he says even if the foreign auditors are still at work. what is wrong with the Bahamian
auditors are they not honest? If this is true all of this money missing some folks must be
pretty rich..

go away

If Banister says there is no politics. rest assured there is politics, not surprise if 7 million is
missing he says even if the foreign auditors are still at work. what is wrong with the Bahamian
auditors are they not honest? If this is true all of this money missing some folks must be
pretty rich..

Ask Leslie Miller---Did he just buy a new car??

He's allowed to buy a car, food and clothes too. The process has to start with a reasonable suspicion that something out of the ordinary happened, that that something might be criminal and deserves investigation and it comes to a conclusion based on existence of actual evidence.

Comrades! One can ask in a nice way - if all the government's vehicles and license plates assigned prior to the May 10, 2017 General Election that should have been surrendered - were in fact returned to the new government's vehicle fleet compound?

good point Tal. All of these government vehicles should be off the road. $7 million at BEC is the tip of the iceberg. How much gas is being stolen through public officials running around doing personal errand in Government Cars.

"Its the Governments Time"...again.

Comrade Observer2, "It's the Red Government's "4th" Time"...in power again!" Assigning state paid for vehicles and drivers has always been a sticky point me. I remember well when Premier "Pop" Symonette did manage well to drive himself around Nassau Town behind the steering wheel of a modest white Ford Falcon car which he had won in the Red Cross Car Raffle. No police escort or his Falcon car all encircled with policeman's motorcycle outriders for "Pop". In fact if it was raining "Pop' would stop offer rides complete strangers, or if "Pop" recognizsed you - he would often stop the car offer you a ride to where you were going.

Hang on, the previous minister for national security should have exposed this theft while he was in charge of law and order....oh whats that you say......he stood by and blessed the ruthless pigs feed on public funds leaving nothing for generations to come.. but now he has died we can tell no lies and we all want to give him a state funeral instead

We better prosecute Perry's Cabinet while they are still alive ...... BJ done gone ...... Dead men tell no tales

Lmao I am dead

Brazil's ex president gets 10 years jail time for corruption

http://fortune.com/2017/07/12/brazil-lu…

Are all Bahamians with authority to have access to public funds just a bunch of thieves?

Seriously, ask yourself "do I steal from work?" not many people can truthfully say they don't and its f$#king pathetic.

You reap what you sow, until people Change their ways this amazing little country will be held back by the scumbags. The only way to go forward is to lock the thieves up, and educate the Bahamian people on the benefits and rewards in doing what is good and right.