REDACTED -IC Petrojam Investigation - Donations October 2019 final

Page 7 of 215 Petrojam Limited Integrity Commission October 2019 The Findings of the DI’s Investigation are premised primarily upon an analysis of (a) documentary evidence which was sequestered from Petrojam Limited; (b) the responses and documentary evidence which were provided by the respondents who were requisitioned by the Director of Investigation; and (c) the responses provided by the respondents during the course of hearings. This report is the second of three (3) Investigation reports undertaken by the DI concerning allegations of acts of irregularity and/or impropriety, conflict of interest, corruption, nepotism, cronyism and favouritism at Petrojam Limited. Summary of Key Findings Donations which were made by Petrojam Limited to Organisations and Causes 1. During the 2016/2017 financial period, Petrojam Limited made 207 donations totaling $32,954,369.38. For the period 2017/2018, 102 donations were made by the entity totaling $74,823,041.08, which reflected a 50.7% decrease in the number of donations issued by Petrojam Limited for the financial periods under review. However, over the same periods, the company experienced a significant increase of 127.1% in the amount expended for donations. 2. Petrojam Limited’s 2018 Donations Audit Review indicated that “ Contribution increased by JA$25.19M or 192% compared to prior period ”. “ Actual expenditure was JA$9.2M above budget for the period of review April 1, 2017 to January 31, 2018 ” and that the “ total expenditure on…other organisations and institutions for the period was JA$31.7M … The budget was JA$7.9M for the year …”