JTA president vows to find multimillion-dollar fraud culprits
The Jamaica Teachers’ Association president Clayton Hall says no effort will be spared in trying to identify the culprits of a multimillion-dollar fraud rocking the union.
Almost three weeks ago, auditors discovered that almost $100 million had been stolen from the teachers union resulting in the entire staff of the accounts department being sent on paid leave to facilitate the investigation by auditors and the police fraud squad.
Hall has been away for at least a week and returned to the island yesterday.
In his first public comment on the matter, the president said the union has been moving with haste to get to the root of the fraud, which he says extends beyond the 2012-2013 financial year which ended in March.
Hall is to head a group of top executives to convene an emergency meeting at 4 p.m. today to discuss the latest update on the fraud investigation.
Along with Hall, Immediate Past President, Paul Adams, President-elect Dr Mark Nicely and Secretary General Adolf Cameron will make up today’s meeting.
He says the finance committee will convene its meeting on Wednesday.
Hall insists the issue has to be clarified before next week's annual conference of the JTA.
It is understood that the multimillion-dollar fraud involved cheques with fraudulent signatures being prepared for the payment of fictitious claims.
The union, which represents more than 24,000 teachers, has declared that the fraud does not involve the JTA Cooperative Credit Union.
One per cent of teachers’ salaries goes to the JTA.
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