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Clive Thomas clarifies on the missing US$5 million
Dear Editor,
From SARU’s standpoint, I would wish to put the issue of the “US$5M outstanding share issue” to rest. I have now read NICIL’s press release (nil.).The NICIL Audit Report (Forensic Audit Report) referred to in its Press Release advises that that Report be referred “to the State Assets Recovery Unit, with a view to recovering any State assets/properties that might have been improperly and illegally transferred to third parties”. This advisement has never been communicated to SARU.
SARU has therefore not been tasked by any Authority, in any way whatsoever, with this advisement. There is therefore no active linkage, and has never been, between SARU and the “US$5M outstanding share payment issue”.
Clive Y. Thomas (Prof.)
Presidential Advisor Director, SARU
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