REDACTED -IC Petrojam Investigation - Donations October 2019 final

Page 107 of 215 Petrojam Limited Integrity Commission October 2019 The following table illustrates the manner in which the J$6,000,000.00 was apportioned as provided by Mr. Paulwell in his response to the DI: “ Income and Expenditure Summary Date Detail $ $ Income August 23, 2017 Donation in Cheque received from MP – Hon. P. Paulwell 6,000,000 September 6, 2017 Deposited to NCB Capital Market 6,000,000 October 1, 2018 Withdrawal from NCB Capital Market 2,000,000 October 1, 2018 Balance at NCB Capital Market 4,000,000 Expenditure October 5, 2018 Payment for Surveyor’s Report 256,000 March 7, 2018 Payment to Architect for drawings for drawings (1 st payment) 750,000 May 31, 2018 Balance payable to architect for drawings 750,000 Closing balance remaining from withdrawal of ($2,000,000) 244,000 Closing balance remaining at NCB Capital Market from Donation 4,000,000 Having regard to the Income and Expenditure Summary provided by Mr. Paulwell, the DI notes that evidence of a bank statement to confirm the current balance was not provided. A copy of payment records in relation to the Surveyor’s Report and Architectural drawings were, however, submitted by Mr. Paulwell in support of his response. Scientific Research Council The Scientific Research Council (SRC) received a donation in the amount of J$7,560,000.00 in sponsorship toward the ‘SRC/Petrojam Capacity Building Initiative’ in support of Data