CAG flags Rs 70k cr+ irregularities; liabilities surged from Rs 43k cr (2005) to Rs 3.19 lakh cr (2024). 💰 Public services are failing: 20k+ schools lack electricity, 76k no computers. Rural health centers face 90% doctor shortages. 🏥 #FinancialIrregularities #PublicServices

3/5 A whopping ₹8.08 crore 💸 was released to a Delhi-based contractor based on “contingent bills”. Tender files were reportedly hidden! 📁🤫 #FinancialIrregularities #Healthcare

​​PWC audit flagged irregularities in Namcor payment arrangements Hertta-Maria Amutenja An audit by PricewaterhouseCoopers (PwC) flagged questionable financial practices at Namcor.  It highlighted irregular payment arrangements with Enercon Namibia (Pty) Ltd, the company at the centre of a N$53 million fuel supply deal. The audit was presented during the ongoing bail application of former Namcor managing director Immanuel Mulunga and eight others in the Windhoek Magistrate’s Court. State prosecutor Basson Lilungwe told the court that the PWC audit uncovered accounts exceeding credit limits, unusual balances, and questionable payment terms.  The state revealed that Enercon was allowed to accumulate a fuel debt of N$108 million, despite having a formal credit limit of just N$15 million.  Lilungwe questioned why, under Mulunga’s leadership, Namcor continued supplying fuel to Enercon beyond the credit limit. He also noted that only N$35 million of the debt was eventually paid. The state used the PWC audit to argue that the payment arrangements were not aligned with proper corporate standards. “Had you taken due diligence as managing director, all this would not have happened,” Lilungwe said. Mulunga disputed the audits findings, calling them merely an opinion. He explained that the payment arrangements were between Namcor Trading and Distribution Pty Ltd and Enercon, not the Namcor holding company.  When asked about the large gap between the credit limit and the final debt, Mulunga stated, “Those are the things that were not happening at my level. I had people who made those decisions after I signed off the credit limit.”  He added that his role as managing director did not involve daily credit monitoring and that other officials could provide more details. Mulunga argued that the remaining N$73 million of unpaid debt was not directly Enercon’s liability but had been transferred from another  company, Eco Fuels, which Enercon had absorbed.  He claimed that the N$35 million payment would have kept Enercon’s account within the credit limit if the transfer had not occurred. Lilungwe pressed Mulunga further, asking why Namcor entered into a purchase agreement with Enercon while the company already owed more than N$15 million.  Mulunga responded that the asset purchase agreement stipulated a payment of N$35 million “if there was any debt,” but he could not recall how much debt Enercon had at the time. “I was not the one who worked with those details,” he said. Mulunga maintained that the fuel supplied to Enercon was not given for free but was provided with the expectation of repayment. “It is incorrect to say fuel was given freely,” he said. The charges against Mulunga stem from a 10-year fuel supply deal signed in 2022 between Namcor Trading and Enercon Namibia.  The state alleges the deal, valued at N$53 million, was concluded under irregular circumstances. The deal involved prepayment terms and asset transfers and is under investigation by the Anti-Corruption Commission (ACC).  Mulunga faces multiple charges related to corruption and fraud, including accusations that he unlawfully authorised a N$35 million payment to Enercon as part of the asset purchase deal without proper internal approvals.  The bail application is ongoing.

#Namcor #PwC #Audit #FinancialIrregularities #EnerconNamibia

نیشنل گرڈ سے تقریباً 2 ارب 80 کروڑ روپے کی ادائیگیاں ابھی تک نہیں ہو سکیں، آڈیٹر جنرل کی رپورٹ
مزید پڑھیئے: www.aaj.tv/news/30471441
#AajNews #EnergyDepartment #CorruptionExposed #accountability #PublicFundsMisuse #KPK #EnergySector #FinancialIrregularities #TransparencyMatters

14-year Bondelswarts dispute deepens as funds vanish Hertta-Maria Amutenja The Bondelswarts Heritage Foundation has called for an urgent investigation into the Bondelswarts Chief Council, citing financial irregularities, a disputed leadership, and the neglect of key communal assets in Warmbad. The Foundation said in a recent statement that internal leadership disputes have paralysed the community since the death of Captain Anna Katriena Christiaan in 2011.  “The continued secrecy, disputes, and neglect cannot be tolerated any longer,” said Foundation founder Mathew Veldskoen. The Foundation alleges that the Chief Council, led by Senior Traditional Councillor Hans Jossob, operates without transparency and excludes the Christiaan Royal House from community decisions.  It further claims the Council receives N$100 000 annually from a trust.  “The community has no knowledge of this trust’s purpose, administration, or beneficiaries,” the statement said. The group also questioned the use of N$771 000 reportedly spent on drilling boreholes.  “There is no evidence of where these boreholes were drilled, no documentation, and no disclosure of the accounts into which these funds were paid,” it stated. Documents seen by the Windhoek Observer show that the Namibia Traditional Authorities Trust (NTAT) allocated N$930 000 to the Bondelswarts Traditional Authority between 2021 and 2025.  This included a once-off Covid-19 relief payment of N$230 000.  In a letter dated 4 February 2025, NTAT confirmed the available balance for future project funding stood at zero after N$820 640 had been spent.  Senior traditional councillors said they were unaware of this expenditure. A separate letter dated 4 April 2025 from the Chief Council to NTAT raised concerns over administrative errors and unauthorised project spending.  “Designated, recognised and gazetted traditional councillors are not aware of such projects and expenditures,” the council wrote. The conflict stretches beyond finances. In a letter dated 9 April 2025 to President Netumbo Nandi-Ndaitwah, councillor Dominicus Snewe accused former ||Karas regional governor Alletha Fredericks of failing to verify and forward “Form A” documents to formalise the Christiaan Royal House’s candidate, Nathaniel Christiaan, as chief. The Christiaan Royal House nominated Nathaniel, the eldest son of the late captain Christiaan, shortly after her death in September 2011.  No action has been taken by the governor’s office for over a decade.  In October 2024, Jossob’s faction organised the coronation of Denzyl Isaacks as chief, despite no ministerial approval as required under the traditional authorities act.  The Chief Council claims Isaacks changed his surname to Christiaan to meet the eligibility requirements.  “The process was not compliant with Sections 4, 5, and 7 of the Act,” the letter to Nandi-Ndaitwah noted. Payment records show NTAT paid N$2 700 to the Bondelswarts Traditional Authority and N$2 112 to Jossob in February 2025.  “The Chief Council functions without basic administrative support, and the location of Warmbad, the historic capital, is being sidelined,” the Foundation said. The leadership crisis began after the passing of Captain Anna Katriena Christiaan, the last formally gazetted Chief.  Since then, the succession dispute has centred on two candidates: Nathaniel Christiaan and Denzyl Isaacks.  At the time of Captain Christiaan’s death, Isaacks was 15 years old and considered too young for leadership.  Government officials, including former urban and rural development minister Sophia Shaningwa, advised the community to wait until he turned 25.  Isaacks reached this age in August 2024, and the traditional authority informed the governor’s office of plans to coronate him.  They submitted the required application, but the ministry of urban and rural development reportedly never received it, delaying the process. The Bondelswarts follow a patrilineal lineage system rooted in ancestral traditions.  The Foundation is now demanding full audits of the trust income and borehole expenditure, and an immediate halt to all unauthorised financial activity. Efforts to reach Councillor Dominicus Snewe and the NTAT for comment were unsuccessful at the time of publication.  The Bondelswarts Traditional Authority remains without a formally designated and gazetted Chief, 14 years after the death of captain Anna Katriena Christiaan.

#Bondelswarts #FinancialIrregularities #CommunityLeadership #TraditionalCouncil #Investigation

SBI Tags Reliance Communications’ Loan Account A Fraud - IndiaWest Journal News SBI Tags Reliance Communications’ Loan Account A Fraud .

SBI Tags Reliance Communications’ Loan Account A Fraud

Full Story: indiawest.com/sbi-tags-rel...

#SBIFlagsRComFraud #RelianceCommunications #AnilAmbani #LoanAccountFraud #FundDiversion #BankingScandal #RBIReport #FinancialIrregularities

آمدن کی وصولی کی بنیاد پر مزید 17 ارب روپے سے زائد کی بے ضابطگیاں
مزید پڑھیے : www.aaj.tv/news/30455704/
#AajNews #PakistanRailways #AuditReport #FinancialIrregularities #RevenueCollection

سابق وزیراعلٰی پنجاب کے دور کی بڑی مالی بے ضابطگی پر پبلک اکاؤنٹس کمیٹی ٹو نے سخت ایکشن لیا ہے
مزید پڑھیے: www.aaj.tv/news/30450369/

#AajNews #PTI #MoneyLaundering #FinancialIrregularities #PakistanPolitics

Tesla Update:

#ElonMusk #Musk #TeslaTakedown #Tesla #Accounting #FinancialIrregularities #FinancialTimes #Fraud

RG Kar financial irregularities case: Trial court slaps show-cause notice on CBI - Yes Punjab News CBI faces show-cause in West Bengal financial irregularities case involving Sandip Ghosh. ED probe into organ trafficking, bio-medical waste smuggling ongoing.

RG Kar financial irregularities case: Trial court slaps show-cause notice on CBI yespunjab.com?p=88467

#RGKar #FinancialIrregularities #CBI #ShowCauseNotice #TrialCourt #LegalNews #CorruptionCase #IndiaNews #CBIInvestigation #CourtOrders #CriminalInvestigation

Formula-E case: ACB searches at Greenko Group firms - Yes Punjab News Telangana ACB raids Greenko Group offices in connection with alleged financial irregularities in the 2023 Formula E race. Investigating sponsorship agreements and electoral bonds.

Formula-E case: ACB searches at Greenko Group firms yespunjab.com?p=80318

#Telangana #AntiCorruptionBureau #FormulaE #GreenkoGroup #AceNxtGen #FinancialIrregularities #BRS #KTR #ElectoralBonds #HyderabadRace #ACBRaids #Investigation #Transparency #PublicFunds #GovernmentLiability

پبلک اکاؤنٹس کمیٹی نے ریکارڈ گم ہونے کی تحقیقات کرنے کی ہدایت کردی

مزید پڑھیے: www.aaj.tv/news/30431802/

#AajNews #PTI #FinancialIrregularities #RecordMissing

ED summons KT Rama Rao on Jan 7 in Formula-E race case - Yes Punjab News ED summons K.T. Rama Rao, Arvind Kumar, and B.L.N. Reddy over Formula-E race scam; probe under PMLA and FEMA focuses on alleged fund mismanagement.

ED summons KT Rama Rao on Jan 7 in Formula-E race case yespunjab.com?p=76589

#FormulaERaceProbe #EDSummons #KTRamaRao #FinancialIrregularities #PMLA #FEMA #HyderabadNews #IASOfficerArvindKumar #HMDA #BRS #CorruptionAllegations #FormulaEOperationsLimited #AntiCorruptionBureau

Telangana HC extends protection to KTR in Formula E-race case - Yes Punjab News Telangana High Court extends orders barring ACB from arresting K.T. Rama Rao in Formula-E race case, with the next hearing scheduled for December 31, 2024.

Telangana HC extends protection to KTR in Formula E-race case yespunjab.com?p=76487

#KTR #TelanganaPolitics #BRS #AntiCorruptionBureau #FormulaERace #TelanganaHighCourt #ArrestOrder #PoliticalVendetta #ACBInvestigation #PMLA #FEMA #FinancialIrregularities #KTRCase #CorruptionAllegations

Formula-E race: ED summons to KTR likely next week - Yes Punjab News ED likely to summon K.T. Rama Rao and officials in the Formula E money laundering case. ACB probe continues into alleged Rs 55 crore transfer, violating RBI guidelines.

Formula-E race: ED summons to KTR likely next week yespunjab.com?p=74509

#KTTRamaRao #FormulaERace #MoneyLaundering #EnforcementDirectorate #ACBProbe #PMLA #FEMA #BRS #HyderabadFormulaE #FinancialIrregularities #CorruptionAllegations #RBIGuidelines #BJPPoliticalVendetta #TelanganaHighCourt

ED set to begin probe into Formula-E race payment - Yes Punjab News ED begins investigation into K.T. Rama Rao over alleged financial irregularities linked to Formula E race in Hyderabad. FIR registered by Anti-Corruption Bureau.

ED set to begin probe into Formula-E race payment yespunjab.com?p=74289

#KTR #BRS #TelanganaPolitics #FormulaERaceCase #EDInvestigation #PreventionOfMoneyLaunderingAct #ACB #HyderabadFormulaE #CorruptionAllegations #FinancialIrregularities #HMDA #KTRFIR #TelanganaHighCourt

RG Kar rape and murder: Sandip Ghosh, Abhijit Mondal granted bail - Yes Punjab News Kolkata court grants bail to Sandip Ghosh and Abhijit Mondal in the rape and murder case of a junior doctor at R.G. Kar Medical College, despite ongoing CBI investigation.

RG Kar rape and murder: Sandip Ghosh, Abhijit Mondal granted bail yespunjab.com?p=72509

#KolkataNews #RapeAndMurderCase #SandipGhosh #AbhijitMondal #CBIInvestigation #RGKarMedicalCollege #LadyDoctorCase #JusticeForVictim #CourtDecision #FinancialIrregularities

RG Kar scam: Bengal govt yet to give clearance to charge sheet against Sandip Ghosh - Yes Punjab News The CBI charge sheet against Sandip Ghosh, Asish Pandey, and others in a financial irregularities case at R.G. Kar Medical College awaits West Bengal government clearance.

RG Kar scam: Bengal govt yet to give clearance to charge sheet against Sandip Ghosh
yespunjab.com?p=68062

#WestBengal #CBI #RGCARMedicalCollege #SandipGhosh #AsishPandey #FinancialIrregularities #CourtCase #Kolkata #KolkataDoctorDeathCase

RG Kar financial lapses: Illegal medicine purchase under CBI lens - Yes Punjab News Unauthorised purchase of medicines and equipment from a private agency has come under the scanner of Central Bureau of Investigation (CBI) which is probing the financial irregularities in R.G. Kar Med...

RG Kar financial lapses: Illegal medicine purchase under CBI lens
yespunjab.com?p=60030

#CBIInvestigation #RGKarMedicalCollege #KolkataHospitalScandal #FinancialIrregularities #MaaTaraTraders #CBI #KolkataDoctorDeath #RGkarCase

Approach lower court for bail, Calcutta HC tells Sandip Ghosh - Yes Punjab News The Calcutta High Court on Monday refused to hear the bail plea from R.G. Kar Medical College & Hospital's former Principal Sandip Ghosh in connection with the multi-crore financial irregularities cas...

Approach lower court for bail, Calcutta HC tells Sandip Ghosh yespunjab.com?p=59267

#CalcuttaHighCourt #BailPlea #SandipGhosh #RGKarMedicalCollege #FinancialIrregularities #CBI #ED #PMLACourt #MoneyLaundering #PublicWorksDepartment #BioMedicalWaste #OrganTrafficking #JudicialCustody #KolkataNews

RG Kar financial case: CBI gets more clues against Ashish Pandey - Yes Punjab News The Central Bureau of Investigation (CBI) sleuths, probing the multi-crore financial irregularities cases in state-run R.G. Kar Medical College & Hospital in Kolkata, unearthed more clues against the ...

RG Kar financial case: CBI gets more clues against Ashish Pandey
yespunjab.com?p=58403

#RGKarScam #CBIInvestigation #AshishPandey #SandipGhosh #FinancialIrregularities #MedicalCorruption #JusticeForDoctors

ANOTHER BOMBSHELL: Trump is Hiding the Attorneys He's Paying in BIZARRE $8 MILLION SCHEME!!! youtu.be/HrVQygWgp-c?... via @YouTube
#DollemoreDaily #DonaldTrump #RepublicanParty #Trump #TrumpCampaignDollars #FinancialIrregularities #TruthSocial #Money #FEC #Republicans