T&T’s Jereem “The Dream” Richards crossed the finishline in fifth place in a competitive men’s 200 metres event at the Herculis EBS Meeting in Monte Carlo, Monaco, yesterday.
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‘Overpayment’ was returned to NGC
As the controversy rages on involving the T&T Cricket Board (TTCB) and alleged financial impropriety in their dealings with the National Gas Company of T&T (NGC), now comes news that the cricket board repaid NGC an overpayment of $25,000 that was made to them.
According to a release sent out by the TTCB late yesterday: “The T&T Cricket Board would like to take this opportunity to clearly state that up to the time of writing, the TTCB has never received an official copy of the 2014/2016 Audit Report from the National Gas Company of T&T.
The first sight we had of this “report” was on June 29th 2018, when the attorneys representing Mr Daren Ganga sent same to us, as part of a larger submission.
“This document has since been publicly acknowledged as authentic by the President of the National Gas Company of T&T. From the cover page of this document, it can be seen that the final audit report is dated March 15, 2017. At an NGC/TTCB meeting, we requested a copy of the audit and were told that the report was an internal document and could not be made available to us.
They stated that they were not verbally advised of only pertinent items contained therein, that impacted on the TTCB. The release went on to state:
1. An overpayment of $25,000.00 made in error by NGC in one of the tranches during 2014. This overpayment was subsequently refunded to NGC by TTCB.
2. The reallocation of underutilized funds for the period 2014 to 2016. The TTCB informed NGC that these funds were reallocated to other line items under the ambit of the agreement. A report on the reallocated sums for the three years audited was done by an external accounting firm and submitted to NGC with evidence of same.
3. Further tightening of internal controls as required by the TTCB. This is ongoing, as with most other national sporting organisations, we continue to strive to improve with limited available resources.
The release ended by noting: “In keeping with our role as a responsible partner, the TTCB has acted on the three points raised by the National Gas Company, subsequent to our meeting.
“We wish to reiterate that we have since settled the overpayment issue and have also submitted to NGC, financial information to account for the sums re-allocated. In closing, may we remind the citizens of T&T that the TTCB is a highly accountable organisation with a proud reputation for honesty and integrity. We value these standards and have always done our utmost to uphold same.”
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