Chief Executive Officer (CEO) of the Guyana Water Incorporated (GWI) Shaik Baksh on Friday said that a forensic audit is currently ongoing into the “reckless spending” by the utility company over the preceding five years and that the Special Organised Crime Unit (SOCU) has been informed of financial irregularities that were uncovered.
Addressing the company’s financial position during a virtual press conference, Baksh said that an internal audit was carried out, during which a series of financial irregularities were discovered.
The findings, Baksh said, show “poor financial management” at the utility company.