JTA multimillion-dollar fraud: Emergency meeting called for Tuesday
Jovan Johnson, Gleaner Writer
The top executives of the Jamaica Teachers’ Association (JTA) are to hold an emergency meeting on Tuesday as the union moves to contain the fall-out from the discovery of a multimillion-dollar fraud by auditors.
It is expected that current president, Clayton Hall, president-elect, Dr Mark Nicely and immediate past president, Paul Adams will be at that meeting.
It is reported that two weeks ago auditors discovered that almost $100 million has been stolen from the JTA.
The entire staff of the accounts department has been sent on paid leave for one month.
Immediate past president, Paul Adams, told The Gleaner/Power 106 New Centre that auditors have informed that the latest available comprehensive update on the fraud investigation will be presented to the union on Monday.
Adams says Clayton Hall, the current president, is on an overseas trip and is scheduled to return to the island next Monday.
It is understood that the multimillion-dollar fraud was perpetrated over the course of the last financial year and involved cheques with fraudulent signatures being prepared for fictitious claims for payment.
The JTA says the police have indicated that they are making progress in their investigation as several statements have been taken and experts have been called in to take part in the probe.
The union, which represents more than 24,00 teachers, has declared that the fraud does not involve the JTA Cooperative Credit Union.
WATCH: Javere Bell has high hopes for Moscow final