COMPREHENSIVE FORENSIC REPORT
ON THE STATE OF BAHAMAS ELECTRICITY CORPORATION
(BEC) – 2002 TO 2006
BY AL JARRETT, FORMER EXECUTIVE CHAIRMAN
During the past twelve months many reports have been provided to the local media coming from the current administration at the highest official levels – Cabinet Ministers – Board Chairman and the GM. Most of these reports have been negative, coming mainly from professional politicians – the least informed, but none from financial experts, such as the Corporation’s CFO or Auditors or external analysts. In other words, these reports lacked empirical data, but yet were reported as “facts” and “truisms” by the media.
In order to set the record straight on my tenure in BEC as Executive Chairman (2002 – 2005) I present this report analyzing from BEC’s internal records, annual audits and consultants reports, the objective and complete facts as follows:-