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Anda Todor, AmCham Romania
More attention needs to be paid to the qualitative approach, rather than quantitative»
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Management SNLO damaged the budget "significantly" and made many "improper" payments

2012-07-09 12:16:21

The National Company of Lignite Oltenia (SNLO) conducted in 2009-2011 more payments "improper", and a sponsorship of football teams by RON 8.8 million, and prejudiced "significantly" the state budget and mining company budget. The audit irregularities are sponsoring football teams in 2011 Pandurii Targu Jiu and Minerul Motru by RON 8.8 million, even if SNLO have not budgeted the expenditure. However, the mining company operating expenses grew by about RON 700,000, accounting for rehabilitation and modernization of the buildings owned by the subunits. According to the Ministry of Economy, consistency of these actions was to increase operating expenses by 700,000 lei, reducing profit for the same amount and reduce income tax with RON 111,616.



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