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Fri 14th Jun 2019

Another open letter to Governor General

Warrant Officer Ivan O‘Neal Strong Call- PM Dr Ralph Gonsalves Resign now –ULP Regime Failed Financial Requirements in 2009 & 2010 Constitutional Audit-Plenty Money involved

According to the Leader of SVG Green Party, Vincentian born, Retired British Royal Air Force Engineer Warrant Officer Ivan Bertie O’Neal BSc (hons) MSc, MBA who spent three years full time reading for his BSc (hons) degree in Accounting and Finance and Economics at Oxford Brookes University, England, Prime Minister Hon Dr Ralph Gonsalves must resign now- ULP Regime not Passing Financial requirements in Constitutional Audit for 2009 and 2010.

The 1979 Saint Vincent and the Grenadines Director of Audit in accordance with the provision for Section 75 (2) of the SVG Constitution and the Audit Act 2005 has stated that in her opinion the Financial Statements presented for Audit did not in all material respects fairy represent the financial position of the Government of St Vincent and the Grenadines as at 31th December2009 and 31th December 2010.

The Leader of SVG Green Party Warrant Officer Ivan Bertie O’Neal BSc (hons), MSc, MBA very strongly contend that because of the very high figures and volume of Tax Payers money involved as given below, and because NO STATEMENT OF RECONCILITION was produced. The Prime Minister and Minister of SVG Finance Dr Ralph Gonsalves should take full responsibility for the ULP Government massive and very deep failure in not being able to pass the Constitutional Audit for 2009 and 2010. PM Dr Ralph Gonsalves must resign. The volume of TaxPayers’ money involved is very high and PM Dr Ralph Gonsalves must resign.

According the 1979 Saint Vincent and the Grenadines Constitutionally Appointed Director of Audit examination for 2009 and 2010:-

Large amounts of Advances made by the Accounting Division have remained outstanding for several years. As at 31st December 2009 and 31st December 2010, outstanding Advances totalled $22,522,831.67 and $22,224,905.49 respectively.

The figure of $285,014,459.00 reflected in the Accounting Division accounts as Public Debt did not agree with the figure of $866,731,111.00 ($285,014,459.00 +$581,716,652.00)quoted on the Statement of Public Debt and Schedule of Loans respectively for 2009.

The figure of $201,607,142.87 reflected in the Accounting Division accounts as Public Debt did not agree with the figure of $955,297,710.07 ($201,607,142.87 + $753,690,567.20) quoted on the statement of Public Debt and schedule of Loans for 2010.

No statement of reconciliation was produced to account for the difference in the overdraft balance of $50,947, 228.76 (118,597,380.27 - $67,632,151.51) between the balances recorded on the Statement of Assets and Liabilities/ Accounting Division accounts and that in the Accountant General’s current account at the National Commercial bank for 2009

No Statement of reconciliation was produced to account for the difference in the overdraft balance of $13,369,930.33 ($58,174,743.69 - $44,804,813.36) between the balances recorded in the Accountant General’s current account at National Commercial Bank and that on the Statement of Assets and Liabilities/Accounting Division accounts for 2010.

The figure of $458,309,193.88 on the Consolidated Fund account reflected on the Statement of assets and Liabilities did not agree with the figure of $403,523,821.90 quoted in the Accounting Division
accounts for 2010.

Because of the significance of the matters described above, and comments mentioned otherwise in this report, I am of the opinion that the financial statements presented for audit did not in all material respects fairly represent the financial position of the Government St Vincent and the Grenadines as at 31st December 2009 and 31th December 2010. (Dated 27 January 2014)

(Source Audit Reports 2009 and 2010- Research Ivan Bertie O’Neal BSc (hons), MSc, MBA)

The Director of Audit said because of the matter described above and comments mentioned otherwise in this report, I am of the opinion that financial statements presented for audit did not in all material respects fairly represent the Financial position of the Government of St Vincent and the Grenadines as at 31st December 2009 31 Decmber2010.

The Leader of SVG Green Party Retired British Royal Air Force Engineer Warrant officer Ivan Bertie O’Neal BSc (hons), MSc, MBA, who was awarded the Royal Air Force CERTIFICATE OF MERIT in recognition of his initiative and inventiveness towards the improvement of the engineering services of the Royal Air Force while Serving in Strike Command in 17 August 1989, is deeply concern with the incompetent ULP Regime digging a hole to fill a hole, borrowing large sums of money to pay Public Debt.

Our country Public Accounts are in shambles we need to clean up our Public Accounts. Prime Minister Dr Ralph Gonsalves is not above Saint Vincent and the Grenadines 1979 Constitution; Prime Minister Dr Ralph Gonsalves should resign soonest for failure to comply with Audit Requirements for 2008, 2009 and 2010.

ULP Regime holding on to POWER in Saint and the Grenadines, yet they have very deeply failed the 1979 Constitutional AUDIT for 2008, 2009 and 2010. When will the ULP REGIME get the message they are grossly incompetent in Public Accounts and pushing SVG Economy into the gutter into deep poverty and destitution. Prime Minister Dr Ralph Gonsalves show Respect; you must resign now.

We will overcome.

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