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General News of Thursday, 20 September 2018

Source: rainbowradioonline.com

Six companies implicated in latest audit report

Six companies and their former heads under the previous administration have been indicted in an audit report.

The audit, according to documents intercepted initiated following suspicion that there was widespread financial malfeasance under the erstwhile John Mahama-led administration.

The six state institutions whose audited report have been forwarded to EOCO include Ghana National Gas Company (GNGC), Bulk Oil Storage and Transportation Company (BOST), Micro and Small Loans Centre (MASLOC), Ghana Free Zones Board, Ghana Standards Authority and Ghana Telecom University College (GTUC).

At BOST, a total of GH¢285,561,245 were misappropriated. The report revealed that Kingsley Awuah-Darko, the former BOST MD, misappropriated GH¢10,498,456 and $33,305,527.

Per the report, the implicated companies allegedly breached provisions of the Public Procurement Act by inflating contract sums, non-performance of contracts and non-enforcement and breach of contracts. The findings have been referred to the Economic and Organised Crimes Office (EOCO).

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