Opposition Spokesman on Finance Julian Robinson
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Julian Robinson
The opposition People's National Party is calling for the government and specifically Finance Minister Dr. Nigel Clarke to indicate the full cost to taxpayers of the investigations into the massive fraud at Stocks and Securities Limited (SSL).
With news emerging that the government has taken responsibility for paying the staff and administrative costs at SSL, Opposition Spokesman on Finance Julian Robinson has questioned what other costs are being borne by the government as the investigation continues.
"In addition to the staff's salary costs, what is the cost of retaining the receiver manager and his team, and what is the cost of the international forensic firm, Kroll Associates, and [is] the government is covering these costs?"
Given that SSL is insolvent and it is unlikely that the government will recover these costs, Mr. Robinson argued that the public has a right to know since taxpayers are footing the bill.
He also wants the Finance Minister to provide a timeline of how long he expects the government to continue covering the costs associated with the investigation and respond to whether there is provision in the current budget for the undertaking.
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