Title: Thimphu Thromde Allegedly Embezzles Nu 8 Million from Revenue Funds: RAA Findings and ACC Probe

Royal Audit Authority identifies potential fraud in Thimphu Thromde’s revenue account

• Around Nu 8 million missing from Thimphu Thromde’s revenue and fines account (July 2018 to April 2022)
• Instances of irregular revenue collection, weak internal control systems, and a lack of oversight discovered

Anti-Corruption Commission to launch an investigation

• Performance and Compliance Audit Report sent to ACC for thorough examination under the fraud and corruption category
• Significant portion of missing funds, over Nu 7 million, due to irregular collection during weekends and lockdowns

Absence of internal control systems and lack of supervision from Thromde management

• Inadequate internal control systems for revenue management
• No proper monitoring or supervision from Thromde management, leading to the shortcomings

Thimphu Thromde’s response

• “This case is still under review by the RAA and figures are subject to change”
• Vague statement regarding controls and checks

Thromde threatens legal action against The Bhutanese

• Legal action threatened on behalf of Thromde management for incorrect information reported
• Case still “under review” by RAA, but Thromde acknowledges missing funds

RAA remains confident in audit process and findings

• Sources close to RAA confirm validity of audit findings and process
• Acknowledgements obtained from Thromde regarding missing funds and efforts to recover

Thimphu Thromde’s recent fine collection practices under scrutiny

• Hefty fines for various offenses and plans to deposit fines in the same account under review
• Thromde can utilize these funds as they see fit, unlike most government agencies

Disclaimer: Please note that this article is based on the provided text and does not include any additional research or personal opinions.