The Private Sector Organization of Jamaica (PSOJ) is calling for sanctions against those who breached governance and management rules at the State-run oil refinery, Petrojam.
The Auditor General's report which was tabled in the House of Representatives yesterday revealed that bad management practices have cost Petrojam hundreds of millions of dollars.
The report covers the management of the entity during the tenures of both the last People’s National Party government and the current Jamaica Labour Party administration.
PSOJ President Howard Mitchell told RJR News on Wednesday that he was very concerned about the findings, which reflect “a breach of a fiduciary duty” and of “the appointed board members, and … the Permanent Secretary, and it’s a breach with other people’s money.”
Such breaches had cost the country too dearly over the years, “and it’s time to enforce the rules,” he stressed.