Region Nine economic ventures fund used for advances to regional officials, contractors – Auditor General’s report

A fund that had been established by Region Nine for economic ventures was also used to provide advances to regional officials, contractors, soldiers and policemen and money is still to be repaid.

The 2011 Auditor General’s Report on the Public Accounts of Guyana noted that the Region Nine (Upper Takutu/Upper Essequibo) administration had established Special Project Fund Account No.688-100-7 at Republic Bank (Guyana) for economic ventures.

According to the report, during the period 1997 to 2008 “contractors, a former Deputy Regional Executive Officer, Vice Chairman and members of the regional democratic Council, Guyana Police Force, and Guyana Defence Force received personal advances”.

A total of $7.541M remained outstanding as of December 31, 2007. As of December 31, 2008, that figure had come down to $7.402M.

When asked about this, the region told the auditors this year that amounts totalling $2.908M pertained to persons who are now dead but that action was still being taken to have all of the outstanding amounts recovered.

The audit office recommended that regional administration redouble efforts to recover the money or have the outstanding amounts cleared.

More in Local News


About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Get the day's headlines from SN in your inbox every morning:

Most Read This Week

  1. Convicted drug trafficker Barry Dataram about to be handed over to local enforcement officials by the Suriname police. Inset is the information page in the fake passport for “David Persaud” that was being used by the fugitive. (Royston Drakes photos)

    Dataram, wife returned to Guyana

  2. Back in court: In this Keno George composite photo, Barry Dataram (left) and his wife Anjanie Boodnarine at court yesterday to answer three charges including fleeing the jurisdiction.

    Dataram to serve eight years in jail after guilty plea to new charges

  3. Yansen Brusche

    Ulverston mom of four stabbed to death by children’s father

  4. Ameer Subrati

    Man dies after bandits target overseas-based couple at Herstelling

  5. US Ambassador Perry Holloway and Finance Minister Winston Jordan shake hands after the signing of the agreement yesterday.

    Guyana inks pact for reporting to IRS on holdings of US citizens

  6. Bharrat Jagdeo

    Crime has never been this bad – Jagdeo

  7. Updated: Man dies after bandits attack overseas-based Guyanese at Herstelling

  8. Barry Dataram

    Datarams getaway passports had been issued to other people

  9. Dr. Prudence Lewis-Bhola

    Prudence Lewis-Bhola appointed as CEO of broadcasting authority

Recommended For You