LEC bosses sus­pended

Lesotho Times - - News - Pas­cali­nah Kabi

LE­SOTHO Elec­tric­ity Com­pany (LEC) Man­ag­ing Di­rec­tor Mbele Hoohlo and Gen­eral Man­ager-fi­nance, ‘Masech­aba Mantsoe, have been slapped with in­def­i­nite sus­pen­sions.

Ms Mantsoe’s sus­pen­sion, which came into ef­fect on 7 De­cem­ber 2015, was to al­low in­ves­ti­ga­tions into “ir­reg­u­lar­i­ties dis­cov­ered in the Man­age­ment Ac­counts, which may have a bear­ing on the Au­dited Fi­nan­cial state­ments of the Com­pany”, the LEC noted in a state­ment re­leased yes­ter­day and at­trib­uted to Board Chair­per­son, Bata­lat­sang Kanetsi.

Mr Kanetsi fur­ther ex­plained in the state­ment that Mr Hoohlo had been sus­pended on Mon­day while in­ves­ti­ga­tions into his over­sight role were be­ing con­ducted. The in­ves­ti­ga­tions, he added, were ex­pected to have been com­pleted by the end of this month.

Asked by the Le­sotho Times to shed more light on the is­sue, Mr Kanetsi said: “The Board is in the process of en­gag­ing a fi­nan­cial man­age­ment ex­pert to in­ves­ti­gate Mr Hoohlo’s role in th­ese fi­nan­cial ir­reg­u­lar­i­ties.

“On the is­sue of Ms Mantsoe, we have al­ready en­gaged a south African fi­nan­cial ex­pert to in­ves­ti­gate the charges lev­elled against her.

“They might or might not come back to the com­pany as their fate will be de­cided by the out­come of the in­ves­ti­ga­tion.”

Mr Kanetsi fur­ther said he could be in a bet­ter po­si­tion to go into de­tails of the mat­ter next month.

“How­ever, th­ese fi­nan­cial ir­reg­u­lar­i­ties are mostly con­tained in the im­me­di­ate past fi­nan­cial year but we sus­pect they might go as far as the other two pre­vi­ous fi­nan­cial years (2012/13 and 2013/14),” he said.

Mr Kanetsi re­as­sured LEC clients that the sus­pen­sions would not af­fect the com­pany’s op­er­a­tions.

“This will not, in any way, af­fect our daily op­er­a­tions as we have com­pe­tent staff led by act­ing Man­ag­ing Di­rec­tor Mr Tankiso Motšoikha, who is a long-serv­ing Gen­eral Man­ager-en­gi­neer­ing,” he said.

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