The forensic audit report commissioned by the APNU+AFC government of controversial holding company NICIL has recommended criminal and/or disciplinary action against all those responsible for the interception of state revenues totalling $26.858 billion in violation of the constitution.
Similar action has been recommended in the final report of consultant Anand Goolsarran over the expenditure of sums by the National Industrial and Commercial Investments Limited (NICIL) in violation of the constitution.
Though submitted on October 26th this year, the government has been mum on the findings and have not released the report, a sign, observers say, that it is not prepared as yet to follow through on the consequences of the audits it has ordered.
NICIL’s activities had long been a source of contention for APNU and the AFC while they were in opposition and its auditing was one of the earliest assignments after they entered office as a coalition in May this year.
As he and others had argued before, Goolsarran found the sequestering of $26.8b by NICIL between 2002 and 2014 to be a violation of Article 216 of the Constitution and the related sections of the Fiscal Management and Accountability (FMA) Act.
