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MDC Engages An Independent Auditor After $2 Million Allegedly Vanished From The Party's Accounts Last Year - Report

4 years agoWed, 05 Feb 2020 06:28:52 GMT
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MDC Engages An Independent Auditor After $2 Million Allegedly Vanished From The Party's Accounts Last Year - Report

The leading opposition party, The MDC Alliance has hired independent auditors to look into the alleged disappearance of $2 million from its coffers, Newsday reports.

The development of engaging auditors was confirmed by the party’s Treasurer General Senator David Coltart. Coltart, however, denied any knowledge of irregularities to the publication and said;

We are starting an audit today because the party, at my request, has agreed to have an audit. We will have a standard audit and until maybe the audit reveals the irregularities, I am not aware of such.

Whether it is $190 000 or $1,9 million, I am not aware of any irregularities. I am not saying they are not there. I am not an auditor and that is why we have an audit. An independent firm will be doing the audit of the MDC books since 2019 and it is the first for the MDC and for any political party. It is the first time a political party has subjected itself to an audit

A source that spoke to the publication said there was proof that $1.9 Million was withdrawn from the party’s accounts and used for other unintended purposes.

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More: Newsday 

 

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