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HCU Enquiry: History of Poor Accounting Practices

Auditor Chanka Seeteram, who last year admitted to doctoring the Hindu Credit Union's accounts by covering up a 25 million dollar deficit...in order to allow the financial institution to get its act together..has backtracked on his statement.

Today at the CLICO/ HCU Commission of Enquiry he said...the adjustment he made to the accounting records was a correction to an error made by the HCU...which had a long history of poor accounting practices.
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