No money stolen from central bank – Letete

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Matisi Sebusi/Morok Koboto

centralMaluke Letete, Governor of the Bank of Lesotho (CBL), hasIt strongly denied allegations that nearly RM50 million was stolen from the bank.

He said there had not been any theft of funds from the central bank as alleged by Parliament’s Public Accounts Committee (PAC) and that the government was free to audit the central bank’s accounts to prove that fact.

Dr. SweeturgethisThe PAC will carry out its threatened actions to orderAuditor General‘Mathebo Magnete’, arrive auditDr. Light said such an audit would prove that no money had been stolen from the bank.

The governor isMonetary Policy Committee(MPC) PressCBL Venue in MaseruThis week, the Monetary Policy Committee announced its decision to keep the repo rate unchanged at 7.75%.

The total amount of unauthorized transactions amounted to 48.7 million manatsAllegedlyinsideAuditor General’s ReportthisfinancialFor the year ended March 31, 2022.

In his scathing report, the attorney general accused the government and its agencies of mismanaging public funds.

PACSaid it would consider askingAuditor GeneralfullAudit CBLThe report accused the central bank of making irregular payments of nearly RM48.7 million. Some of the payments involved were allegedly duplicate payments, which the PAC suspected were intentional by central bank staff to defraud the government.

When CBL officials appeared before the PAC, they gave answers that failed to satisfy PAC members. PAC members then accused the bank of “Covering up fraud”Failed to disclose who was on duty that daySuspected of duplicationtradehas a problemwas created. On the contrary,you have heardbankhaveDecided to reimburse the government for funds lost due to duplicationEgyptPayment.

Transactions that have come to the attention of the Committee– for example –Duplicate payments of M1,289,945 were made to the South African company MRP Enterprises (Pty) Ltd. The company actually received M2,579,890 instead of M1,289,945.

PAC Chair Machabana Lemphane-Letsie,AccusedCanadian Franchise Alliance“Hide” fraud and protectThe culprit.TThe only way to get to the bottom of this is to instruct the Auditor GeneralConduct a comprehensiveauditofCanadian Franchise Alliance.

However,Dr. SweetexplainCBL is the only“Trusted Institutions”he knowsWowexistLesotho. He saidHeythereforeaccept any audit to prove they havedNever stole any money.

“The reason I didn’t speak up wasn’t because I could.”(Central Bank)But the only trustworthy institution in this country that I know of is the central bank. It will continue to be trustworthy, it has never stolen anybody’s money, and I can live with that.go throughThat.

“I am very proud that I say we welcome any MP or anyone who wants to do an audit because we are a law-abidingtransparent and crediblemechanism….“Dr. Light said.

“I reiterate that we are transparent and we are open to anybody in this country to do any audit they want about the use of public funds within CBL. We cannot stop anybody because we know we are innocent. I am proud to say that. I knew I was innocent even when I was working for the government.… That’s why I was appointed governor.”

“Now, who would doubt this? Who said CBL’s money is missing? Go and ask them to investigate.They claim it was stolen“Inside the bank,” he said.

PAC Chair Lemphane-Letsie,The Central Bank of Nigeria has been strongly condemned for engaging in criminal activities and failing to adequately explain the alleged duplication of payments by bank officials.