00:00The Prime Minister has revoked the appointment of some state boards.
00:05Some of those we have done thus far are WASA, EMBD, TSTT, NGC, MTS and PSAEL.
00:20Boards approved and will continue that process.
00:22More troubling, she says, are that state enterprises are guilty of not filing their audited financials in a timely manner.
00:30State enterprises have not been keeping their obligations when it came to filing these audited financial statements.
00:38We cannot continue to operate like an open bank vault where government keeps dumping money into state enterprises that do not submit proper accounts.
00:49Especially when some of these companies are getting hundreds of millions in taxpayer dollars to keep afloat.
00:56Some companies have not filed statements for multiple years.
01:00CPEP, Karen Alliance.
01:03I believe CPEP did not file for a five-year period and they still received about half a billion dollars.
01:11I also believe Cal has not filed since 2015.
01:14Prime Minister Kamala Pusat-Busasa reads the RIOT Act telling state enterprises to get their business in order.
01:22So the new board will soon call on the CEO to account.
01:25I am giving the management of all state enterprises fair warning that they have to get their houses in order and have their statements of accounts updated and filed when due.
01:37The workers and unions in these companies also have a responsibility to press the management to follow the correct procedure.
01:47And despite the possible backlash, it's a risk her government is willing to take.
01:52Some continue to ignore their responsibilities for providing proper accounts and they may well end up not receiving assistance from government in the future.
02:04We are willing to take the political bumps because it's billions just going unaccounted for year after year after year.
02:12Pusat-Busasa says no future planning can take place without knowing the present state of such enterprises.
02:18But municipal corporations too, she says, have been just as guilty.
02:23Every regional corporation has a number of years outstanding for audit.
02:29Many culprits, some being UNC-controlled corporations and PNM-controlled corporations.
02:36The biggest amongst them are Kuva Tabaki Talparu, 15 years.
02:42Diego Martin, 15 years.
02:46Tunapuna, 12 years.
02:480.14, 10 years.
02:50No accounts.
02:52Princeton Corporation has been an exception.
02:56They only have one year outstanding.
02:58And there is some light at the end of the tunnel for companies struck out of the company's registry
03:03and the previous finance minister, Kham, in boot.
03:07Many, many companies struck off and we are considering giving an amnesty
03:11to allow the companies to comply with their legal requirements.
03:17Ravishi Tomori, Rupnerai, TV6 News.
03:19Ravishi Tomori, Rupnerai.
03:20Ravishi Tomori, Rupnerai.
03:24God gar desarrored you from ì·¨iams from manufacturing.
03:26They also have the latest companies to pursue
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