Local Government Minister Harold Dalson will hold a press conference today, Friday, May 24, 2013 to make public the findings of the Review of the Financial Operations of Local Government Councils.
The Labour administration commissioned the review to determine how monies from the Taiwanese government were used under the former United Workers Party (UWP) government.
The report says during the period January 2008 – December 2011, Councils received and deposited monies into bank and credit union accounts from a variety of sources including central government and the Taiwanese government.
The report says these monies were not treated and classified as “public monies”. They were never paid to the treasurer and was not deposited into the Urban, Village or Rural District Fund as required by the Local Authorities Ordinance.
Councils received and deposited in bank and credit union accounts a total of $28. 6 million — $18. 67 million of which was received from the Taiwanese government.
Former Prime Minister Stephenson King, however says he believes there are explanations for every perceived wrongdoing contained in the report. King has also called into the question, the persons comprising the Review Committee.
The opposition leader has though refused to comment on the report, saying he will at the appropriate time address the issues raised.