Following are the major points that engaged the attention of the Public Accounts Committee when it met in the Senate chamber today.
* $2.466 million per month for debt and salary and wages paid to National Housing Corporation for the last 18 months.
* No authority from Parliament for money to be treated as a subvention or as an advance.
* No loan documentation for advance of $2.466 million per month.
* The admission that the National Housing Corporation is insolvent.
* Fifty persons employed in January on short-term employment for debushing in spite of NHC being insolvent.
* No authorisation for the employment of 47 persons at the NHC.
* Undated signed contract by former Chairman for $33 million for building of housing project at Exmouth, with no supporting evidence of board approval.
* No board appointed for three months with former chairman continuing to signing documents.
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