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from a safe at the Ministry of Finance.
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"Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article) -
Why was that money in a safe when there are several financial institutions
Safes are not supposed to be opened by 1 individual, so the thief had cooperation from someone.
“Life is a system of half-truths and lies, opportunistic, convenient evasion.”
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Cash on hand! That amount seems waaaaaaaaaaaaaay out of line!Originally posted by Lazie View Post
It is in cases like these...if the senior officers of the ministry cannot give 'unbreakable reasons'/reasons that no logical reasoning can punch holes in...that such large sums should be on hand...What?
Petty cash?
...Heads must roll and within a reasonable time repayment of sums lost must be recovered from these senior persons. Corruption and or negligence took place - not living up to fudiciary responsibilities...MUST PAY!
..even forced retirement and deductions from pensions...selling of assets, etc.
Tell you what; if no valid reason can be given for keeping such a large sum on hand - even for the "crime of 'stupidity" makes...demands replayment!"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."Comment
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Dem never get fi join di Cash Plus line in time.
BLACK LIVES MATTERComment
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Finance ministry robbed
$17 million was exhibit in case under investigation
AL EDWARDS
Thursday, November 08, 2007
THE finance ministry last night confirmed the shocking discovery that at least $17 million is missing from a safe at its Financial Investigation Division (FID), prompting a decision to beef up security at the Heroes Circle offices in Kingston.
The money was being kept as an exhibit after it was seized from a person who had been under investigation, Finance Minister Audley Shaw and his deputy, Don Wehby, said.
Neither Shaw nor Wehby would give the name of the individual under investigation.
Shaw said the money was stolen between August and October this year and he suggested that investigators would start their search internally for the culprits, utilising lie detectors.
"We are taking this matter very seriously and polygraph tests will be conducted," the finance minister declared. "We now understand that it is not just one individual who is responsible for this heinous theft but a group acting in concert. I am now awaiting a detailed report on this matter from the financial secretary."
Shaw told the Observer he had since taken steps to ensure additional security measures at the Ministry of Finance in the future.
"I have issued instructions that all monies will now be held at the Bank of Jamaica's Nethersole Place headquarters for safekeeping," he added.
Wehby yesterday confirmed that an investigation had been launched into the theft, saying that the $17 million figure could go higher.
Investigators from the Police Fraud Squad were continuing their probe into the matter and Wehby is expected to brief journalists some time today after an update from the police.
"I must say, though, that something like this is very alarming. We are taking it very seriously," Wehby told the Observer."Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)Comment
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The Observer reported it as $17 million, NNN reported it as $40 million. I think we can work with the Observer's figure."Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)Comment
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Originally posted by Lazie View Post
"The money was being kept as an exhibit after it was seized from a person who had been under investigation."
Di man come fi him money. Hilarious!
Why does it appear more and more that Wehby is in charge and others are only there because...
BLACK LIVES MATTERComment
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Probe launched into missing millions at Finance Ministry
published: Thursday | November 8, 2007
THE MAJOR Investigations Task Force has commenced a probe into the theft of millions of dollars from the Ministry of Finance.
Assistant Commissioner of Police Les Green last night said the probe began a few weeks ago, but was reluctant to state the stage of the investigation.
Minister of Finance Audley Shaw told The Gleaner that the money amounted to $17 million. He said that it went missing between August and October this year.
"I have given instructions that the balance of the money be transferred to the Bank of Jamaica for safekeeping," Mr. Shaw told The Gleaner yesterday.
The money was in the care of the Financial Investigation Division (FID), which is headed by Christine Chambers.
Confirmed by Davies
Former finance minister Omar Davies confirmed that he has heard about the funds going missing.
Dr. Davies, however, noted that "The minister does not have anything to do with the safekeeping of money. It is part of the FID's responsibility. They were retaining the cash as evidence."
Money which is the subject of criminal investigations is held by the FID as evidence until a determination is made by the court."Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)Comment
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