By Abena Rockcliffe-Campbell? Revelations by the various audit reports are endless. The forensic audit report into the operations of theFormer Executive Director of NICIL, Winston BrassingtonNational Industrial and Commercial Investments Limited (NICIL) has revealed that its Chief Executive Officer, Winston Brassington, established an account in the name of Sithe Global and charged all expenditure it incurred for the project to that account.Sithe Global is the company that had become both developer and investor in the Amaila Falls Hydro Electricity Project.The company bought its developing licence from Makeshwar ’Fip’ Motilall, who was granted his by the People’s Progressive Party/ Civic Government.Sithe Global officially withdrew as an investor in the project back in 2013 citing a lack of national consensus on the part of the Parliamentary opposition. The company had stated that it would be “forced’ to pull out of the project in the absence of such consensus. It had lobbied extensively, through PR work, to gain such a reality but that was to no avail.By the time Sithe walked,Derrick Favors Jersey, NICIL has already incurred huge expenses on its behalf.In an undocumented agreement,Zach Collins Jersey, NICIL and Sithe had decided that NICIL would incur initial expenses for the Amaila project and Sithe would have refunded the money.When departing, the company had owed NICIL $303M. However NICIL made provision for the write-off of $151.6M or 50 percent of Sithe Global’s debt.Auditor, Anand GoolsarranIn his report, Goolsarran said that Brassington indicated that amounts expended on the project were treated as receivable from Sithe Global. He further stated that since the project had been aborted, the receivable amount from Sithe Global would have to be written off as? “bad debt.”Goolsarran said that in the NICIL draft financial statements for 2014 the sum of $151.6M indeed reflected the write-off as “bad debt”.Goolsarran said that given the size of Sithe Global’s provision that had been made in NICIL’s accounts, it would have been appropriate for approval from the Minister before making the provision for the write off. He said that in any event, there was no evidence that NICIL Board specially approved the expenditure to be incurred on behalf of Sithe Global.Goolsarran said that this is notwithstanding that the Board would have approved of the accounts.“A provision for bad debts has the same effect on an entity’s results of operations as that of a write-off and is usually a precursor to the latter,Cheap Baseball Jerseys Shirts, hence the need to specifically involve NICIL’s board and the Minister.“The fact that the board approved of the accounts is not enough,” said Goolsarran.He added that despite the statement from the Executive Director that payments made on behalf of the Amaila Falls Hydro Project were recoverable from Sithe Global,Cheap MLB Pro Shop, amounts totalling $94.7M were charged to the expenditure of NICIL; this is separate from that which was charged to Sithe’s account.A further amount of $5.3M was expended during the period January to May 2015 and charged to the expenditure of NICIL,Babe Ruth World Series Jersey, resulting in an over-statement of NICIL’s expenditure of $100M and a corresponding understatement of the amount owed by Sithe Global.Therefore,Kelly Olynyk Jersey, Goolsarran said that the total expenditure incurred on behalf of Sithe Global was $403.3M.Goolsarran said that it is not clear how much of this expenditure relates to the construction of the Amaila Falls access road; how much was paid to Synergy Holdings before the contract was terminated; what procedures were followed leading to the award of the contract; how much remained recoverable from the contractor; and what procedures were followed in the selection of China Railway Group to complete the road. He said that it is also unclear how much was paid to China Railway and what is the state of completion of the road.The government has spent more than US$42M to build a road to the hydropower site and it was said that Sithe Global invested some US$16M in the project.It is unclear if that sum includes that which was incurred by NICIL.

By Jenelle Carter-WillabusAfter spending 15 months and five days in prison separated from each other,An elated Carol Ann Munroe, is escorted out of the Court by a relieved family member after the Treason charge was dismissedhusband and wife, Major Bruce Munroe and Carol-Ann were happily reunited with each other, their family and two children yesterday.Huddled together with her husband and two children, Carol-Ann sat in her mother’s Princes Street home,Dan-Axel Zagadou Jersey, in the living room. There she related a horrid tale,Authentic Baseball Hoodies, that had a happy ending, but it took nearly two years to unfold.In a surprising but welcomed decision by many, Chief Magistrate Priya Sewnarine-Beharry discharged the treason charge which was level against the couple and their friend Reserve Officer Leonard Wharton.Recounting the last night she spent in the comfort of her own home with her family, Carol-Ann said the night started off like the typical night leading up to Christmas.She recalls putting the final touches to the decorations in her house on December 23, 2010 while ensuring everything was to the liking of her two children, aged eight and four at the time.“Soon after we put the children to bed and while we were in our bedroom, I told my husband I was thirsty and he said that he was going to get the water for me.”While her husband was leaving the bedroom Carol-Ann said she called him back into their room just to tell him that she loved him.“When I said I love you, he said, ‘I know’ and he walked out…While he was walking out I called him back and I said to him if anything was to happen to you I don’t know how I would cope.”Again her husband went back into the room to reassure her that all will be well and to appease her fears about anything going wrong for the family, as he gave her a kiss on her forehead, the kiss that had become a ritual for the couple over their years of marriage.“He would always kiss me on my forehead when he was trying to reassure me about something and he said I will ensure you have a good Christmas because he had promised to take time off from work.”Carol-Ann said that she had a gut feeling that something was wrong but never envisioned that it was going to take such a horrid turn.Within minutes of that reassuring kiss the Munroes’ life turned up-side down. From a respectable Army Officer, to treason accused, being led to court in shackles, and from a wife, mother and English teacher to being locked in cell with other female prisoners.After having their home being searched by police ranks on the night of December 23, Munroe and his wife were led away to Timehri Police Station. On Christmas Eve Day the couple was separated.Major Munroe was taken to the Brickdam Police Station while his wife was taken to the East La Penitence Police Station. Reality struck when the couple was informed that they were being charged with treason.For Carol-Ann, while her family started breaking down she realized that she needed to be strong for not only herself but also for her husband who at the time seemed to be falling apart.“I held him and I said we have been through so much and we will get through this…I hadn’t time to cry or show any emotion until I reached back to the lock up…I crept into the dark washroom and started to scream.”In my mind treason charge meant life in prison. Even my family couldn’t really process what was going on.Once the couple had their day in court and understood that bail was not an option they soon had to come to grips with reality; that they will be in prison indefinitely.Nevertheless, their faith and trust in God and the truth was what kept them both going. Soon enough Carol-Ann,Blank Jersey, who had her bout of classic schizophrenic, post partum depression and being claustrophobic, had to find a way to survive being in isolation.Turning positives into negatives Carol-Ann said that she quickly overcame her fears. She found ways to cope as well as treat herself for her depression.“I spent the first six months reading the many manuals on how to treat depression until I started treating myself despite the court orders to allow me to receive treatment. The Prison Medex started working with the treatment I started to administer to myself.”After being released from solitary confinement Carol-Ann Munroe said that she was allowed to see sunlight and breathe fresh air.“Definitely it was prayers that kept both my husband and I when we did get to see each other. In court we worked out a system where despite our distance we would wake up at the same time each morning to pray.”At that point Major Munroe pitched as he clutched his wife’s hand. The experience brought him and his wife together; their prayers kept them even closer.“It might sound funny to many but when we communicated through letters

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