Business

CDA probes mystery US bank account

The cash-strapped Chaguaramas Development Authority (CDA) is now probing a mysterious US bank account opened in the period 2011-2012, with a US$1.4m deposit, although there was no Board or Ministerial approval.

The account was red-flagged by the Auditor General because no documents relating to the account could be found.

The issue was raised by Tourism Minister Randall Mitchell on Wednesday when officials of the CDA appeared before Parliament’s Public Accounts Committee.

Pages