Opposition Leader Kamla Persad-Bissessar has accused the Government of “hiding and ducking” after a highly anticipated Public Accounts Committee meeting carded for yesterday to review the details surrounding the Auditor General’s report into a $2.6 billion understatement of revenue in the 2023 public financial statements was suddenly postponed.
Shortly after 9.30 yesterday morning, Auditor General Jaiwantie Ramdass and members of her department arrived at the Parliament’s J Hamilton Maurice meeting room for the public event, which was scheduled to begin at 10.30 am.
It was expected that members of the committee, which included five government members and two opposition members chaired by Oropouche West Member of Parliament Dave Tancoo, were expected to examine the Auditor General’s findings on government expenditure and a controversial $2.6 billion dollar 2023 revenue discrepancy.
However, it was postponed when, around 11.15 am, a parliament official entered the lobby area and notified Ramdass. The Auditor General and her team, which comprised Assistant Auditor General, Shiva Sinanan, Senior Legal Officer Anita Mangra, Acting Audit Executive II Marcia Valley-Morris and Audit Executive I Brenda Ragbir, De Jean appeared shocked.
Persad-Bissessar said the postponement appeared to be an attempt by the Government to sidestep the public ventilation of the contentious matter. Responding to a question during a media briefing yesterday, Persad-Bissessar pledged that if elected into office, her government would ensure full transparency in the matter.
She said, “The Government is hiding again, but I remember famous words in the Parliament: ‘They could run, but they will not escape.’”
“We will not let the mater rest. Almost 3 billion dollars cannot be accounted for—where the money gone? The Government has to account and if not today, when we form the government, we will put a full inquiry into the missing 3 billion dollars.”
Guardian Media attempted to speak to Ramdass about the development, however, she declined. When contacted to find out what caused the meeting to be suddenly deferred, PAC Chairman Dave Tancoo said he was unable to comment. Committee Member Dr Amery Browne indicated that the committee met for its in-camera session and a decision was taken to defer the public hearing. When pressed for a reason why, he did not state.
The dispute between Ramdass and the ministry arose in April after the Ministry of Finance sought to deliver amended public accounts to explain a reported $2.6 billion underestimation in revenue. Initially, Ramdass refused to accept them and claimed that she needed legal advice on whether she could receive those documents after the January statutory deadline for submission. The Auditor General eventually accepted the records and dispatched audit staff to verify them. She then submitted her original annual report to Parliament, which was based on the original records. In subsequent legal correspondence between the parties, Ramdass claimed that her audit team was unable to reconcile the amended records based on documents it audited. She also contended that the amended records appeared to be backdated to the original statutory deadline in January. Ramdass also took issue with the fact that the discrepancy was initially estimated at $3.4 billion. Imbert has constantly denied any wrongdoing. The minister’s lawyers claimed that the reconciliation after the initial estimate revealed that the variance was in fact $2,599,278,188.72, which was attributed to Value Added Tax (VAT), individual, Business Levy and Green Fund Levy contributions. In laying the special report in Parliament, Imbert opposed comments made by Ramdass in an affidavit in her case in which she claimed that her ability to perform a proper audit and verify the issues that caused the error was hampered as she was allegedly blocked by the Central Bank from accessing its electronic cheque-clearing system. Last week, Ramdass was given the green light to continue her lawsuit over a Cabinet-appointed probe into the handling of a misrepresentation of revenue in the national accounts. Five Law Lords of the Privy Council dismissed the appeal brought by Finance Minister Colm Imbert and the Cabinet after hearing submissions from attorneys for the State at the United Kingdom Supreme Court Building in London, England.