By Fatou Sowe
The director of finance of the Social Security and Housing Finance Corporation [SSHFC] Abdoulie Cham, has unveiled to the Janneh Commission the debts owed by parastatals and some companies to the SSHFC which amounts to billions.
Cham revealed that such parastatals and companies are The Gambia Radio And Television Services[GRTS], Gambia Groundnut Corporation [GGC], Kanilai Group International [KGI] among other institutions.
According to Cham, KGI owes the corporation D1.7 Billion, GRTS owes over D37million while the GGC owes over D222 Million as loans given out under instructions from the office of the former president.
Cham also told the commission that the corporation has spent $4,500,000 for the purchase of state aircraft as well as the numerous debts owed to them by the office of the former president.
Cham indicated that it was promised that the monies will be repaid after series of engagement and correspondence but the reply they received from the parastatals was that they are not responsible for the debts rather the loan was given to them through a directive from the office of the former president.
He said that these monies were withdrawn from three various accounts ranging from the national providence fund among other accounts.
Cham is asked to reappear on a later date to furnish the commission with more documents such as audit reports among others.
