The Sports and Art Development Fund of the former Ministry of Culture, Youth and Sport was not properly managed and millions of dollars were not adequately accounted for, according to the forensic audit report on the entity.
“It should be noted clearly from the observations made…that there is enough evidence to substantiate that the Ministry failed to maintain critical accounting records, along with the establishment and maintenance of a reliable internal control structure to support the administration of the Fund. Coupled with its inability to manage its records, the Ministry failed to account and/or to provide for a proper degree of accountability for the stewardship of the fund for the period under review 1 January, 2012 to 31 May, 2015 and therefore,
