Monday, 9 February 2015

AHPETC AGO Report - Something is Wrong

AHPETC AGO Report Major Lapses

The Auditor-General's Office (AGO) audit of AHPETC's financial records revealed some interesting facts. One of the most interesting is that the Managing Agent (MA), an employee of AHPETC, was allowed to set-up and run companies which were eventually awarded multi-million dollar contracts from AHPETC.

In quite a few instances, the AGO found evidence that the MA initiated invoices for work to be done (some without an open tender), certified that the job was completed, and then paid themselves. To those who work in any organization, this is indeed a very strange arrangement. Essentially, it means that as the MA I can defraud my employers. In this case, the "employers" being the residents of Aljunied, Hougand and Punggol East.

The AGO also found evidence that FMSI, a sole-proprietorship owned by the Secretary of AHPETC, was awarded a contract (without an open tender) that was 30% more than what the previous vendors charged. All this within months of taking over AHPETC.

While the AGO's audit report may be filled with legal and accounting jargon, what is undeniable is this ....

"You are employed as the Managing Agent for AHPETC"
"You set-up and run companies to supply AHPETC services"
"You award your own companies contracts without open tenders"
"You certify the job is done"
"You then issue and sign the cheques to pay your own company"

It does not take a genius, but something is very wrong here. And I find it hard to believe that Sylvia Lim and Low Thia Khiang are not aware of this.

#fraud? #somethingnotright

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