REDACTED -IC Petrojam Investigation - Donations October 2019 final

Page 195 of 215 Petrojam Limited Integrity Commission October 2019 4. The donation which was purportedly made in the amount of J$6,000,000.00 for the sponsorship of the National Science and Technological Fair, is tainted with suspicion given the absence of documentary evidence establishing: (a) the receipt of the request for the donation to Petrojam Limited, (b) the accounting records indicating the disbursement of the funds by Petrojam Limited, and (c) the manner in which the funds were utilised by the recipient. The lack of documentation, in this regard, demonstrates a disregard for the provisions of the Financial Administration and Audit Act (FAAA) and other relevant GoJ legislation/policies, enacted to promote fiscal prudence and accountability in the disbursement of public funds. 5. The Director of Investigation concludes that Petrojam Limited failed to apply standards and procedures, during the period 2017-2018, which would ensure sufficient checks and balances in relation to the internal processes for the approval, the disbursement of funds and verification exercises in relation to the use of the donated funds. 6. The Director of Investigation accepts the testimonies of [REPRESENTATIVE] and Mr. Delroy Brown that Petrojam Limited deviated from its policies, procedures and practices which were established in the receipt of requests for and the subsequent approval of donations under the leadership of Mr. Floyd Grindley and Dr. Perceval Bahado-Singh. 7. The statement provided to the Director of Investigation by Dr. Andrew Wheatley, MP in relation to his relationship and/or affiliation with Ms. Sophia Deer, is disingenuous. The Director of Investigation’s conclusion is premised on the following: