Audit reveals flaws in L’Union Estate company’s finance |22 November 2012

Following this discovery, the Ministry of Finance, Trade and Investment has submitted the case to the Attorney General’s Office which will assess it to determine if there are grounds for action against any of the persons implicated in the audit findings.

The Ministry of Finance, Trade and Investment has also recommended to President James Michel to appoint a new board of directors and the President’s Office will make an announcement shortly.

In order not to compromise any further investigation or action that the Attorney General’s Office may decide to undertake, the Ministry of Finance, Trade and Investment will not entertain any questions or discussions on this matter until further directed or authorised to do so by the former.