Multimillion-dollar fraud at Jamaica Teachers’ Association
Livern Barret,Gleaner Writer
It is believed that scores of uncashed fraudulent cheques are still in circulation following the discovery of a major fraud at the Jamaica Teachers’ Association (JTA).
It is reported that a team of auditors examining the finances of the JTA uncovered the massive fraud that could have siphoned off close to $100 million.
One insider has revealed that the fraud, which involved the issuing of cheques in fictitious names, was discovered nearly two weeks ago.
It is not clear if the police have been called in, but there are reports out of the teachers’ union that the leadership is trying to deal with it internally.
Already, the entire staff of the accounts department has been sent on leave for one month.
The insider says the JTA leadership has already revamped the system by which cheques are issued and has put tighter control measures in place.
The insider says it is expected to become increasingly difficult for persons doing business with the Association to get cheques from the JTA.
Several attempts to get a comment from outgoing JTA President Clayton Hall and incoming president Dr Mark Nicely and Secretary General Adolph Cameron were unsuccessful.
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