Energy Minister James Robertson.Several crucial decisions are expected to be made Monday regarding the operations of the state-run Petroleum Corporation of Jamaica (PCJ) following the release of a damning forensic audit report on the company's activities.
The matter will be discussed at the weekly meeting of the Cabinet.
<span style="font-weight: bold">It is reported that the audit has uncovered contract irregularities, poor management of the PetroCaribe Development Fund (PCDF) and a cash-skimming scheme which the auditors have recommended be referred to the police for further investigation.</span>
The audit, which examined the PCJ's operations during the period April 1, 2006 to March 31, 2007, found a lack of oversight and proper governance over the company by group managing director Ruth Potopsingh and the then board of directors.
The auditors say most of the problems identified were linked to areas under the responsibility of the PCJ's former director of administration and the former financial controller.
When contacted Sunday night, Energy Minister James Robertson, said the entity's Board of Directors met last week to discuss the findings of the audit.
Mr. Robertson declined to say what action is being considered for the PCJ executives who have been found culpable of the various breaches.
"An audit report is in, an audit that had been commissioned before my time which was about two and a half years ago. It was completed in November or December and then you have to go through the process of giving anybody who is cited or who can help a chance to answer audit queries, that exercise has just been completed. The board met last week and so I am waiting now on a final board report," Mr. Robertson said.
He says a Ministerial Paper on the matter could be tabled in Parliament as early as Tuesday.
<span style="font-weight: bold">The audit of the Petroleum Corporation of Jamaica was ordered by former Energy Minister Clive Mullings in the aftermath of the Cuban Light Bulb Scandal.</span>
<span style="font-weight: bold">Former Junior Minister Kern Spencer who had responsibility for the project and his former personal assistant Colleen Wright are still before the courts answering money laundering and corruption charges.</span>
Ruth Potopsingh.In the meantime, Mr. Robertson is refusing to comment on reports that Mrs. Potopsingh has been sacked.
It is reported that Mrs. Potopsingh was given marching orders last week by the Board of the PCJ.
When pressed for details on Sunday night, Mr. Robertson had this terse response.
"I could not comment," he said.
Meanwhile, former Energy Minister Phillip Paulwell who had responsibility for the PCJ during the period that the financial breaches occurred could not be reached for a comment.
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