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Cabinet to appoint team to investigate financial irregularities

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Thursday, January 18, 2007 The Government of Saint Lucia is concerned about the unprecedented level of cost overruns and implementation delays associated with a number of projects.

In some instances these cost overruns exceed the original cost of the project by over one hundred percent (100%).

In addition, there have been numerous allegations of financial irregularities which raise concerns as to whether the Government is obtaining value for money.

In view of this, Cabinet has decided to commission an audit into certain Ministries and Statutory Boards where these irregularities appear to be most glaring.

The first audit will commence with the Ministry of Communications, Works and Transport and a number of subsidiary companies created under this Ministry.

Further, action will be taken depending on the findings of the team.

The audit will be carried out by a team of qualified persons drawn from both public and private sectors and will comprise accountants and other technical and professional experts in the field of engineering and computer science.

The team will also have the authority to consult with and seek the assistance of other specialists and professionals as they see fit.

The full scope and priority of work will be determined by the Director of Finance in consultation with the Ministry of Finance.

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