The Bulk Oil Storage and Transportation Limited, BOST, may have found its voice at last over the sale of contaminated petroleum product to a private company, as it has lashed out at the Minority in Parliament for calling for a thorough investigation of the transaction.
It Managing Director, Alfred Boateng allegedly sold the five million litres of fuel to the company in a way that is not transparent.
BOST, however said the controversy over the sale of the contaminated fuel is just an attempt to distract its current management from the financial rot left behind by the former Managing Director of the company, Kingsley Kwame Awuah-Darko.
According to BOST, Kwame Awuah-Darko plunged it into about $300 million debt.
The Minority in Parliament, while calling for a thorough investigation of the current MD, also disclosed that the circumstances under which 5 million litres of contaminated fuel was dubiously sold has led to a GHc14.25 million loss to the state.
BOST, in a statement, however insisted that these issues were coming to light to frustrate the attempts by the current Managing Director to address the financial rot at the company.
“The Minority’s assertion that the MD of BOST should be interdicted is baseless and unfounded. It is a political plan to divert the new MD’s attention from dealing with the rot of his predecessor, Mr. Kingsley Kwame Awuah-Darko, which has left BOST with a debt close to $300,000,000″, the statement read in part.
Continuing, BOST noted that the rot included the diversion of GHc 40.5 million of company funds to a fictitious account currently under investigation.
It also listed the award of an overpriced contract of $39 million to construct the BOST head office complex and the award of another overpriced contract of $19 million to construct a pipeline from APD to Akosombo, both of which have been suspended.