A forensic audit says major irregularities were found in GuyOil’s charge system for fuel sales to customers along with abuses of the tendering system and it accused former Managing Director Badrie Persaud of conflict of interest transactions with relatives including a $62m transportation contract with a brother-in-law.
Released yesterday by the Ministry of Finance, the audit by Nigel Hinds Financial Services which covered the period November 1st, 2011 to May 31, 2015 called for the disciplining of Persaud over the non-disclosure of the conflict of interest transactions and for the alleged breaches of the state-owned GuyOil’s
