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GEBE PURCHASES $45,000.00 LINCOLN FOR CFO.

2015lincoln04122014PHILIPSBURG:--- GEBE, the government owned utility company, not long ago purchased a 2015 Lincoln car for its Chief Financial Officer (CFO) Rene Garder. SMN News learnt that there is a vehicle allowance for members of the management team where the maximum amounts to $30,000.00. GEBE's policy clearly outlined how much monies the management team and supervisory board could use for their vehicles and other perks that comes with their job. However, the CFO of GEBE had the company pay some $45,000.00 for his vehicle.
Former Director William Brooks also wanted a vehicle which surpasses the maximum allowances according to GEBE policy for management vehicles but the supervisory board denied Brooks that vehicle. At the time the chairman of the board was the late Julius Lambert who made the decision for the former director to stick to the company's policy.
Workers of GEBE are now questioning the mismanagement of funds that is derived from government owned companies especially knowing that the company could invest more monies in upgrading their equipment. It is not clear if the members of the supervisory board approved the purchase of the vehicle or if it's a new trend GEBE's supervisory board took on when it comes to materials and perks for its supervisory board members and the management team.
Well placed sources said that while GEBE has granted its clients a six months relief but nothing is heard on the promised reduction of the fuel clause.

Sources now say that the supervisory board was not aware of the purchase and they ordered an investigation into the purchase without the board's approval. SMN News learnt that only on Wednesday a meeting was held and the Chief Operations Officer (COO) Romelio Maduro and Rene Gardner (CFO) almost got into a fist fight over the purchase of the vehicle. It is now understood that the Supervisory Board is contemplating filing a complaint against Garder for fraud.

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