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No money was stolen says official

Wednesday, July 11, 2018

A senior cricket official in the know has given the assurance that no money was stolen from the National Gas Company (NGC) sponsorship and every cent was spent on cricket and cricket related activities.

A financial audit by a former T&TCB sponsor, the National Gas Company, has shown that 24 per cent of its funds to the local cricket body was not spent according to the stipulation.

The audit showed that between 2014 and 2016, $2,983,000 was spent without approval by the T&TCB and not in accordance with the memorandum of understanding (MOU).

The official who requested anonymity because of the sensitive nature of the situation told Guardian Media Sports that the board might be wrong in one way, but no one stole any money.

"This is a simple situation and the board will prepare an intensive document for the Minister of Sports Shamfa Cudjoe. People are making mischief, I have seen the documents and it is a situation where funds were used not according to budget items but on overall cricket development."

The official went on to explain: "The board might have budgeted $100,000 for coaching and in the end, they might have only been required to use $80,000. The next $20,000 would have gone into another item, for example, team preparation. They have their books in order and they are going to prepare a comprehensive statement as to where and how the monies were spent.

"There is no case of the board stealing money. The board was given a certain amount of money by NGC and it was spent on cricket."

What is wrong according to the official is that the board did not go back to NGC to ask if they could use the money in different programmes.

"This is where the board went wrong in my opinion. So it is not about stealing any money and it is more about re-organising the funds. I don't see this as a big issue with NGC, I think they may rather inform the board strongly that they must be kept in the loop moving forward."


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