FULL REPORT: Auditor General probe uncovers various questionable practices at Petrojam

A report of an investigation conducted by the Office of the Auditor General into the state-owned oil refinery, Petrojam, has catalogued a series of lavish parties and unapproved sponsorships as well as glaring human resources breaches costing millions of dollars (One Jamaica dollar=US$0.008 cents).

The findings of the Auditor General was tabled in the House of Representatives on Tuesday and it warned that bad management practices, if  left unresolved, would increase the risk of  corruption and further erode Petrojam’s profitability, which has declined over the last three years.

The probe found that although liquidity levels were inadequate to cover Petrojam’s obligations, the state-owned company made questionable payments related to procurement activities, had…

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