Georgetown :Investigations into major fraud involving superannuation benefits to fictitious beneficiaries at the Accountant General’s Department have led to several arrests and charges after the quantity of transactions and beneficiaries were unveiled.
The Finance Ministry after reporting the infringement recently summoned the Audit Office and the Guyana Police Force (GPF) which have identified 75 suspicious transactions totalling $196M.
At a press conference today, Minister of Finance Dr Ashni Singh in the company of Minister within the Ministry of Finance Dr Jennifer Webster reported that the findings of the investigation revealed that the 75 cheques were actually issued to as many as 54 separate beneficiaries for which at least 14 had repeat transactions.
Additionally, all the beneficiaries who encashed the cheques were identified and many are assisting the police in the ongoing investigation. Some have been arrested including staff of the Accountant General’s department.
Minister Singh disclosed that three persons have to date been charged including one member of staff
