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Project News Details

Title:

New accountant to probe whether GCL project payment was between ‘related parties’

Detail:

The near-$80 million handed over to a contractor in 2019, of which around $2.3 million was retained by the recipient, is now being investigated by an independent accountant. Meanwhile, GCL’s shares remain suspended because the payment issue is holding up its 2020 accounts.

Country:

International

Source:

PV-Magazine

Published Date:

09.05.2021

URL:

View Original URL

Regions:

Africa Asia Australia Europe North America Oceania South America

Sectors:

Roads and Highways-Bridge Railways-Rail-Railroad Defence and Security Construction Energy-Power and Electrical Computer Hardwares and Consumables

Project News Details

Title	New accountant to probe whether GCL project payment was between ‘related parties’
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Detail	The near-$80 million handed over to a contractor in 2019, of which around $2.3 million was retained by the recipient, is now being investigated by an independent accountant. Meanwhile, GCL’s shares remain suspended because the payment issue is holding up its 2020 accounts.
Country	International
Source	PV-Magazine
Regions	Africa Asia Australia Europe North America Oceania South America
Sectors	Roads and Highways-Bridge Railways-Rail-Railroad Defence and Security Construction Energy-Power and Electrical Computer Hardwares and Consumables
Published Date	09.05.2021
Original Url	Original Url
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Title
New accountant to probe whether GCL project payment was between ‘related parties’
Detail
The near-$80 million handed over to a contractor in 2019, of which around $2.3 million was retained by the recipient, is now being investigated by an independent accountant. Meanwhile, GCL’s shares remain suspended because the payment issue is holding up its 2020 accounts.
Country
International
Source
PV-Magazine
Regions
Africa Asia Australia Europe North America Oceania South America
Sectors
Roads and Highways-Bridge Railways-Rail-Railroad Defence and Security Construction Energy-Power and Electrical Computer Hardwares and Consumables
Published Date
09.05.2021
Original Url
View Original Url
Share

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Government-Owned, Contractor-Operated (GOCO) Army Ammunition Plant (AAP) Design, Build, and Commissioning Multiple Award Task Order Contract (MATOC) Solicitation DEPT OF DEFENSE

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New accountant to probe whether GCL project payment was between ‘related parties’

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New accountant to probe whether GCL project payment was between ‘related parties’

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