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PCJ to be audited

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  • PCJ to be audited

    Thursday, 20 March 2008

    Energy Minister Clive Mullings has announced that an audit is to be conducted at the state-run Petroleum Corporation of Jamaica (PCJ).

    Since late last year the Corporation has been at the centre of the controversy surrounding the Cuban Light Bulb Project.

    More than a year ago, the entity was given the task of executing aspects of the programme which involved the distribution of energy-saving bulbs across the island.

    Although not able to say when the audit will be carried out, Mr. Mullings said the probe had become necessary.

    He told the RJR News Centre that it would assist the authorities to determine whether there was financial impropriety.

    "We cannot guess, it's something that requires an audit. It will be done as it's something that has spun out large sums of money and we need to get a fix of what was really happening. When you have a situation where cheques are drawn and large sums of cash, then issues arise as to whether or not invoices tendered for services provided were in fact true, then it requires us to do an audit," said Mr. Mullings.
    "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)

  • #2
    What dem need fi audit is the transactions with Trafigura. One man call it storm inna tea cup ... I see it as ripping off the country.
    "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)

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