Wednesday, April 24, 2024

Auditor calls for more probes

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DELOITTE CONSULTING LIMITED, CLICO’s judicial manager, says more investigations should be conducted into the past operations of the controversial insurance company.

The observation was made in its June 21, 2013 forensic audit report, a copy of which was obtained by the MIDWEEK NATION, hours after the High Court gave the green light for its release to the public.

“We recommend that further work be completed to secure documents, further analyse these balances and trace funds to confirm the uses to which they were put. In addition, we recommended that the investigation of related party transactions be completed,” the report noted in its executive summary.

A transaction involving over $3.333 million paid to Thompson and Associates, a law firm under the direction of late Prime Minister David Thompson, again came under heavy criticism by the judicial manager.  (TS)

timslinger@nationnews.com

Please read the full story in today’s Midweek Nation, or in the eNATION edition.

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