AUDITORS BROUGHT IN AT COLLEGE OF MARSHALL ISLANDS

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MAJURO, Marshall Islands (August 31, 2002 – Radio New Zealand International)---The College of Marshall Islands has engaged auditors to straighten out its books and solve money accounting problems.

The college’s former business manager, Louiston Louis, allegedly stole over (US) $600,000 during his three-year term at the college and is awaiting trial on 98 counts of embezzlement.

The school also faces a deficit of $860,000 dollars for the coming school year, allegedly due to management problems in its business school.

The auditors have just completed auditing 1999 accounts, and now are working on 2000 and 2001 fiscal reports.

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

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