Published On: Fri, Nov 7th, 2014

SOAB denounces mismanagement at state lottery

numberWILLEMSTAD – There is chaos at the Fundashon Wega di Number Korsou (Curaçao State Lottery, FWNK). Falling revenues and explosive cost increases have led to a severe deterioration in the financial position of the FWNK.

The government requested an investigation into the management of the state entity. This was conducted by the public accounting’s bureau SOAB. SOAB stated in their report that they cannot determine the legality of a number of payments during the period 2010-2013.

SOAB will report on the financial situation of the capital guarantee fund at a later stage.

The report speaks of annual losses to almost one million guilders in 2013. SOAB expects that the foundation may soon no longer meet its payment obligations. They barely have money to survive. Checks were signed at random, receipts for expenses are missing.

SOAB’s report will not go to the Public Prosecutor for investigation of criminal offenses.

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