Members of the Public Services Association (PSA) yesterday reported to the Fraud Squad, their concerns about the findings of financial inconsistencies within the union following a recently-done audit.
The audit, ordered by the High Court in January 2020, found overspending that exceeded the PSA’s income by $6.3 million in the last four years, questionable procurement practices, and a pension plan in limbo.
It also flagged an unusually high frequency of reimbursements to PSA president Watson Duke.
The audit of the years 2014 and 2015 was done by chartered accountants E Augustus Alexander and Company.
“We would have looked at this report and studied the report and this report has indeed confirmed our fears, this has been a long battle and this battle had started in 2010 when I spoke out about the misappropriation of funds in the union. This report takes this financial situation the union finds itself in on to a different level,” former general secretary, Oral Saunders said.
He added that the union has not had an annual conference for some time and that this body oversees the union affairs and the budget of the union.
“It states in the constitution that the President is the Chief Executive Officer and Administrative Officer and therefore he is responsible for all the day to day transactions at the PSA and the constitution reads that all cheques must be signed by the President and this audit tells us about $6.3 million of the PSA funds leaving the institution without proper cheques and balances,” Saunders said.
Hel denied that this action has anything to do with PSA president Watson Duke being a candidate at the Tobago House of Assembly elections carded for December 6.
“I want to dispel that because whatever transpires as the Tobago House of Assembly elections has no bearing on the PSA. This audit report is dated August 4, 2020, and ideally, this report should have been laid at the PSA General Council meeting and this was not done so it is not our fault that someone would have dropped this off in my mailbox. It is necessary now for us to hand it over to the right authority regardless of what happens at the Tobago House of Assembly elections and we are absolute that the PSA president and his executive must account,” he added.
Duke was unavailable for a response as calls to his mobile phone went unanswered.
The PSA has more than 80,000 members from more than 100 organisations and around $26 million in reported assets.
Duke has been the PSA president since 2008.
