![\"\"](\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/02\/shane-gibson.jpg\" "\\"shane-gibson\\"")
The forensic investigation into allegations against suspended National Insurance Board (NIB) Director Algernon Cargill and fired Chairman Gregory Moss has cost the government $861,606, Minister of Labour and National Insurance Shane Gibson confirmed.<\/p>\n
Grant Thornton (Bahamas) was engaged by the government on November 30 and handed in its reports on March 24.<\/p>\n
The Nassau Guardian understands that $69,500 will go to Evans & Co., Grant Thornton (US), Bahamian realtors William Wong and Patrick Strachan, engineering firm Ace Consultants and a computer consultant.<\/p>\n
Gibson told reporters that while it was regrettable that taxpayers have to foot a nearly $1 million bill for the investigation, the probe was needed to shed light on accusations of corruption within NIB.<\/p>\n
\u201cIn this particular case I think both reports totaled over 600 pages, plus we had a whole box with appendices.<\/p>\n
Gibson said the government will use the reports to put mechanisms in place to prevent abuse and manipulation at NIB.<\/p>\n
Gibson said he did not know if Cargill would be fired or returned to his post because he had not yet received a recommendation from the board.<\/p>\n
Gibson added that he does not know if any criminal charges will be filed as a result of the investigation.<\/p>\n
Gibson also said that there were \u201cno adverse findings\u201d in the report which probed accusations against Moss.<\/p>\n
Cargill provided NIB with a 49-page response to the forensic report on Tuesday. In that document, he said Grant Thornton did a \u201cshallow\u201d investigation that was slanted and riddled with meritless opinions.<\/p>\n
That document contains a number of serious accusations against Gibson and his oversight of NIB.<\/p>\n
The government ordered the audit after Moss wrote a lengthy letter to Gibson last November, advising that the board had voted to fire Cargill and outlining a series of damning allegations against him.<\/p>\n
Cargill fired back by taking legal action against Moss and NIB. In his affidavit, he made a series of allegations against Moss.<\/p>\n
Grant Thornton examined the allegations made by both Cargill and Moss and produced two separate reports of its findings.<\/p>\n
Source: The Nassau Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"
Gibson said the government will use the reports to put mechanisms in place to prevent abuse and manipulation at NIB.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[98,99,134],"class_list":["post-35723","post","type-post","status-publish","format-standard","hentry","category-headlines","tag-financial","tag-insurance","tag-money"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/35723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=35723"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/35723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=35723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=35723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=35723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}