PAC probes into 'missing GHC1.2m' of Ghana Railway money
23 June 2016 at 12:22The acting Managing Director of the company, John Essel, who appeared before PAC Tuesday said the cashier failed to deposit the money in the company's account.
The Public Accounts Committee (PAC) of Parliament is probing the use of unaccounted cash amounting to GHc 1.5 million by a cashier of the Ghana Railway Company limited.
His comment follows the auditor general's report which indicted the cashier for not accounting for the used money.
He recounted, "there was cash that was supposed to have been bound, however, the cashier failed to put them at the bank.”
He said the Economic and Organised Crime Office (EOCO) were invited to investigate the issue but has so far failed to yield any result.
The <a href="https://www.pulse.com.gh/news/politics/asepa-files-criminal-complaint-against-hawa-koomson/lxzgdf2">Alliance for Social Equity and Public Accountability</a> (ASEPA) has described as false claims by the government that more than 96 percent of depositors who had their monies locked-up from the banking sector clean-up been paid in full.
Finance Minister <a href="https://www.pulse.com.gh/news/local/mid-year-budget-review-times-are-hard-and-tough-financial-analyst/b9sh34s">Ken Ofori Atta</a> is expected to present the mid-year budget review and supplementary estimates for the financial year to parliament on Thursday, July 23, 2020.
The Editor of the New Crusading Guide, Abdul Malik Kweku Baako has said the collapse of Heritage Bank, GN Bank, and uniBank by the <a href="https://www.pulse.com.gh/news/local/agongo-must-sue-bank-of-ghana-for-collapsing-heritage-bank-prof-gatsi/d93y4pr">Bank of Ghana</a> was painful.
“As a result of that, the Economic and Organized Crime unit was invited to investigate this issue” he said.
ADVERTISEMENT
"This issue has been going on for quite a long time. We have made several follow ups with the Economic and Organized Crime unit so that we could get the outcome of the report which has not been forthcoming,” he added.
Following Mr. Essel's comments, PAC ordered EOCO to appear before it and brief them about steps it is taking to retrieve the money.
&format=webp)
&format=webp)
&format=webp)
&format=webp)