News / National
Cimas board reassures stakeholders
15 Dec 2023 at 15:48hrs | Views
Cimas Medical Aid Society's board of trustees has assured stakeholders that Cimas is in a sound financial position and that investigations are underway into allegations made by one of its senior executives. The allegations were made as part of a submission to the Ministry of Labour by the said executive.
A statement issued by the board says that it takes the allegations of impropriety in respect of the society's operations seriously. The statement follows a Press report that highlighted these allegations.
"While all expenditure, including capital expenditure, is always subjected to the Society's procurement and governance processes, the internal procedures to objectively look into these allegations are underway. Members of the Society and its stakeholders will be kept well informed of these processes and outcomes," the statement says.
It went on to state that the society is in a sound financial position, contrary to the impression that may have been created through the Press report.
"At all times, the society has complied with both internal and external audit obligations. The external audit reports of the company are already in the public domain," the statement said.
A statement issued by the board says that it takes the allegations of impropriety in respect of the society's operations seriously. The statement follows a Press report that highlighted these allegations.
"While all expenditure, including capital expenditure, is always subjected to the Society's procurement and governance processes, the internal procedures to objectively look into these allegations are underway. Members of the Society and its stakeholders will be kept well informed of these processes and outcomes," the statement says.
It went on to state that the society is in a sound financial position, contrary to the impression that may have been created through the Press report.
"At all times, the society has complied with both internal and external audit obligations. The external audit reports of the company are already in the public domain," the statement said.
Source - Agencies
