Tag Archives: NCN audit

NCN financial scandal – Sattaur and Goolsarran to know fate soon

NCN financial scandal – Sattaur and Goolsarran to know fate soon

June 28, 2012 | By KNews

President Donald Ramotar and the Head of the Presidential Secretariat (HPS)  are considering strong recommendations from the Board of Directors of the National Communications Network concerning massive financial irregularities uncovered at the state owned broadcasting company.

Kaieteur News understands that the recommendations stem from the report from a specially appointed private audit firm following revelations of financial improprieties that surfaced earlier this month.  The revelations centered on the payment of millions of dollars by the Guyana Telephone and Telegraph company to NCN for work done by the staff.   [more]

Auditor General to launch emergency NCN probe

Auditor General to launch emergency NCN probe

JUNE 13, 2012 | BY  | By Gary Eleazar

 – financial statements one year overdue

The State-owned National Communications Network (NCN), which has been rocked in recent days with allegations of financial impropriety, is more than one year overdue when it comes to the submission of its financial statements for 2010 to be audited.

This was confirmed by Auditor General (ag) Deodat Sharma, who said that in the face of the current assertions, he is currently putting together a team and sometime during this week, an emergency probe will commence.

Entities that are required to submit financial statements to be audited by the Auditor General (AG) must complete this task by April 30. NCN, however, as is the case with several other companies that fall under the ambit of NICIL, is lagging behind.

The Auditor General says that he is currently in possession of the Financial Statements from the company for 2009 and has completed the audit for 2008.

According to Sharma, there have been some discrepancies raised in the past, but nothing reflecting the magnitude of the current allegations at NCN.    [more]

NCN scandal…Monies from cricket deal with NTN 69 missing

JUNE 12, 2012 | KNEWS

The scandal at the state-owned National Communications Network (NCN) within the last few days has now expanded to include at least one other television station. There are also questions being asked how advertisers paid millions of dollars in cheques that were made out to high-ranking individuals attached to NCN to sponsor programmes. Kaieteur News i   [more]

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