Tuesday, 26 October 2010

Money is Honey

Selangor searching for 'missing' RM977.7m

The Selangor State Treasury formed a Task Force Committee in May to probe why
outstanding transactions over six to seven months, totalling RM977.7 million,
could not be matched in the accounts.
This was revealed in the 2009 Auditor-General's Report on the financial statements and financial management of state government, departments and agencies.

This has affected the cash balance in the bank as it could not now be determined whether the total is moreor less than what was stated.

Up to May, adjustments totaling RM692.59 million were made.

A further RM285.11 million will be revised by the State Treasury from time to time before adjustments are made.

That's a big nearly 1bil worth.
A lot of body in the goverment must be getting very thick pockets out of this...
Perhaps PKR has something to say on this.
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