News / National
Scandal rocks Treasury
08 Nov 2018 at 06:57hrs | Views
Government could have lost millions of dollars due to a lax in internal control systems, pilferage and violation of tender procedures at the Ministry of Finance and Economic Development.
An audit by the AG shows that Treasury paid $140 million to international creditors without supporting documents.
Government's issuance register for TBs and bonds is in shambles, which makes it difficult to detect missing or unrecorded commercial paper.
This observation was made by AG Mildred Chiri in her 2017 audited report tabled in the National Assembly last month.
More to follow
An audit by the AG shows that Treasury paid $140 million to international creditors without supporting documents.
Government's issuance register for TBs and bonds is in shambles, which makes it difficult to detect missing or unrecorded commercial paper.
This observation was made by AG Mildred Chiri in her 2017 audited report tabled in the National Assembly last month.
More to follow
Source - Business Times
