Missing affiliation fees and bail money…Auditors trace scheme back to last October, $7M unaccounted for so far

Aug 21, 2014 News

It’s been almost two weeks since news surfaced about the disappearance of several million dollars in bail money from the Leonora Police Station and investigators have completed building their case against a Sergeant who might have been responsible.
Senior police officials on the West Coast of Demerara have indicated that detectives are currently preparing a report which will be sent to the Director of Public Prosecution for advice.
One official explained that an audit of the station’s finances was completed and the findings were handed over to the investigators.
“The audit was done and we are now doing some finishing touches. Detectives are preparing the file,” the official told this newspaper.
The audit was done by auditors from the Ministry of Finance.
Two Mondays ago this newspaper first reported that a Police Sergeant in charge of financial matters at the Leonora Police Station was being asked to explain the disappearance of over $6M.
Police investigators believe that the alleged culprit siphoned off the cash, comprising bail and affliation payments over a period of years. There are suggestions that the fraud could exceed $8M.
Kaieteur News understands that the alleged fraud was unearthed after the recently appointed ‘D’ Division Commander, Senior Superintendent of Police Ian Amsterdam, ordered an audit of the station’s finances.
The Sergeant, who has been the station’s Finance Officer for several years, was placed under close arrest.
However, there were concerns that the rank in question would have gotten off given the length of time that he has been released from close arrest pending the investigations.
“This is people money that is missing, and this man could flee the country,” a concerned source told this newspaper.
But the police official assured that the rank has been at work every day assisting with the investigations.
“Fraud investigation is not a straightforward thing. We have to study the system to see how long this was happening and how it was being perpetrated,” the official added.
According to the official, auditors have been able to trace the scheme back to October last year, and so far the amount unaccounted for is over $7M.

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Missing affiliation fees and bail money…Auditors trace scheme back to last October, $7M unaccounted for so far

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Missing affiliation fees and bail money…Auditors trace scheme back to last October, $7M unaccounted for so far

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