SXMElections.com

Unbiased look at the Sint Maarten Elections

St Maarten Elections In The News Back to News Listing

GEBE CFO Suspended Financial Auditor Illegally

Source: SMN-News 12 Sep 2015 06:22 AM
style="text-align: center;"> Rene Gartner trying to get his subordinates to cover up for him with the SAP Deal.


PHILIPSBURG:--- The Chief Financial Officer (CFO) of GEBE Rene Gartner has suspended the Financial Auditor of GEBE Sharine Daniel on Wednesday claiming that she went out of line when she conducted a forensic audit at the company and it is there she found out he was misusing his rights on the operational cost for management employees. According to information reaching SMN News Gartner claimed that the financial auditor of GEBE has no authority to conduct such audits without his consent. It should be noted that Gartner is also concerned about the bills that appeared on SMN News that showed how much of the company’s money he has been spending on food and alcohol. Gartner began misusing the coupon and bonds of GEBE after he was caught misusing the company’s credit card. If one should pay keen attention on the food bill of Chippie’s Café they will see how much alcohol Rene Gartner drank on one day. In the letter suspension letter Gartner quoted that Daniel was suspended on behalf of the management and supervisory board whom he said are upset with the information she obtained. It should be noted that Gartner recieved a warning letter from the Chairman of the Supervisory board just weeks ago warning him that he should not be speaking on behalf of the Supervisory Board since he Gartner is not a member of the Supervisory Board.
Daniel wrote a report when she audited the company recently and found out that Gartner paid at least two companies in the United States of America to install a new payroll program for GEBE.The first company Oxford Global was paid $180.00 per hour but Gartner cut that deal and then began doing business with Spectrum where he chose to pay $240.00 per hour ($4,800.00 per week per person which sums up tp ($9,600.00 per week) Gartner did not get any authorization from the Supervisory Board of GEBE to conduct such business with the two American companies. It was during this audit the financial auditor of GEBE found the bills that Gartner had from Chippies Café and Kings Mart. Both of which showed he has chosen another way of bleeding the company funds for his own personal gain.
SMN News further understands that when Rene Gartner found out that the SAP payments he has been making will create a problem for him he wrote an email to one of his subordinates in the company in an effort to influence the person to cover-up for him by telling that person that he must say that the SAP expenditures were budgeted. However, the employee told him that he could not do such thing because there is nothing in the budget of GEBE related to the SAP and when he started his deal with the two companies namely Global Oxford and Spectrum the budget of GEBE was already completed.
It should be noted that Gartner suspended Daniel illegally since he has no authority over Daniel, the financial auditor Sharine Daniel falls under the audit committee whom she is obliged to report to and not the CFO or managing director of the Government owned company. SMN News further learnt that Gartner even blamed Daniel for leaking internal documents that showed all his illegal dealings to SMN News. SMN News also learnt that Gartner had all the locks to Daniel’s office changed late Thursday night, all of which was done illegally.
SMN News further learnt that Rene Gartner will have to explain himself thoroughly on Friday afternoon to the Supervisory Board who will be meeting with him. SMN News will bring an update on the outcome of that meeting later today. Already there are indications that Gartner is in a serious situation because the SAP expenditures which is far more than what Maduro spent when he hired St. Maarten Service Provider without the Supervisory Board consent.

Appointment of CEO William Brooks Delayed by Shareholder

SMN News further learnt that the shareholder representative of the Government owned company Prime Minister Marcel Gumbs has been delaying the appointment of William Brooks who got a full nomination from the Supervisory Board since June 18th 2015. It is understood that the shareholder representative is asking the for a profile for Brooks the former CEO of GEBE. If the Prime Minister had read the articles of incorporation of the Government owned company he would realize that the Supervisory Board does not have to provide a profile for the candidate they submitted for appointment.

Marcel Gumbs mentioned 1 time

SXMElections.com Corner Stone Solutions NV