Army credit union vehicle scheme unlawful, audit suggests

The Guyana Defence Force Co-operative Credit Union’s decision to grant loans on the security of vehicles purchased through its Auto Sales Department “appears to be unlawful” since no permission for this move was received from the Chief Co-operatives Development Officer, chartered accounting firm Ram & McRae has found.

In a 17-page report to the office of the Chief Co-Operatives Development Officer Kareem Jabar, and which has been seen by this newspaper, the firm said it found a number of abnormalities,