Another DEC trust account in the spotlight
The Environment Protection Trust Account which is administered by the Department of Environment and Conservation has been put in the spotlight days after revelations about the misuse of funds in the Biodiversity Trust Fund.
A leaked BSP bank printout shows transactions on the Environment Protection account during August and September 2010.
Over the two month period over K2.5 million was distributed from the Trust Account, including an overseas telegraphic transfer in the sum of K1,373,455.
Other sizeable withdrawals from the account include three telegraphic transfers of K191,000, K48,000 and K33,000 and a cheque payment of K411,947.
There were also six cash withdrawals, totaling K17,982 and K41,000 was paid out in cheques of K3,000, K6,000, K1,000, K7,000k, K2,000, K2,000, K4,000, K4,000, K2,500, K7,000, K1,500 and K1,000.
Strangely the registered address shown on the bank print out is NOT the postal address for DEC. DEC’s postal address is PO Box 6601, Boroko – not PO Box 1212 Waigani.
Last week a report from international consultancy firm Deloitte was revealed which says the Department of Environment and Conservation has seriously misued donor funds deposited to its Biodiversity Trust Fund and compliance with procedures is ‘at a very low level’.