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Development Bank’s forensic audit report yet to be publicized


By Devonne Cornelius

St. Kitts and Nevis (WINN): The forensic audit reportedly conducted on the Development Bank of St. Kitts and Nevis is yet to be made available to the public.

Prime Minister and Minister of Finance, Hon. Dr. Terrance Drew, told journalists on Thursday (Mar. 30) that the audit has been completed but stopped short of revealing where the report can be accessed for public scrutiny.

He said, “The forensic audit is complete; it is 193 pages long, and you have to be a real man not to cry when you read that audit and see the things that are in that audit. The millions that are missing can’t be accounted for, and no audit of the Development Bank has been done since 2018.”

Questions are being raised about whether or not there are people who may face criminal charges or be asked to repay money reportedly stolen from the bank.

“We have never engaged in witch-hunts; however, where the law is breached or where there is suspicion that the law is breached, I think the law has to be given its opportunity to be pursued and carried out,” Prime Minister Dr. Drew said.

Dr. Drew said his administration has since strengthened the Development Bank and assured citizens and residents of the stability of the financial institution.


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