Local telecommunications service provider, GTT, has parted ways with twelve of its employees including four managers over alleged financial irregularities.

In  statement this morning, the company explained that during a routine internal review of financial procedures, suspicious activities which warranted further investigation, were found.

“Consequently, reorganization of staff resources was required to ensure and maintain integrity and smooth operation. As part of this process, 12 staffers were terminated. GTT would like to assure the public that no adverse impact to any customer was realized and the review and findings bode well for the customers and are necessary for the evolution of organization”, the company said.

The press statement also quoted the GTT CEO, Justin Nedd as saying that “we constantly review systems, procedures and resources to maintain an organization that operates at the highest standard of transparency and integrity. This means that our actions must align with a strong value system and high ethical benchmarks as we strive to make GTT the best place to work in Guyana by 2020″.

News Source understands from sources close to the company that the alleged financial irregularities involving some of the managers were related the Mobile Money application and payments that were being made.

According to reports, it was found that because the system allowed for the received payments to be recorded weekly, some employees may have been operating a mini loan agency of their own, lending the money to persons outside the company, but having it returned in time for the period for recording.

Some of the Managers who have been fired were recently promoted and overlooked operations at some of the GTT stores.

The company did not say whether it planned to take any additional action against the now former employees.

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