VANUATU GOVERNMENT TOLD TO IMPLEMENT SAFEGUARDS

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PORT VILA, Vanuatu (May 30, 2001 – Radio Australia)---Vanuatu’s Ombudsman has strongly recommended that the government put in place appropriate safeguards to ensure that managing directors of financial institutions, statutory bodies and public trustees do not use their positions for personal gain.

The recommendations are in a report by Hannington Alatoa on alleged breaches of leadership conduct and mismanagement by the former managing director of Vanuatu’s Development Bank, Augustine Garae.

It’s alleged that in 1997 Mr. Garae transferred to his personal account an allowance of more than AUD$ 7,000 (US$ 3,561) for a conference in the United States, which was later cancelled.

This money has not been paid back to the bank.

The Ombudsman said senior managers of statutory bodies should be scrupulous in their behavior.

The government has been urged to ensure that persons who use their position for personal gain should be held accountable for their actions.

For additional reports from Radio Australia, go to PACIFIC ISLANDS REPORT News/Information Links: Radio/TV News/Radio Australia.

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