The multi-million dollar fraud scandal engulfing Immaculate Conception High School in St. Andrew has deepened overnight.
Nationwide News reported last evening that 30-million dollars has allegedly been misappropriated at the top tier all girls institution.
The school’s bursar is alleged to have fled. She has not reported to work since Friday February 5.
Nationwide News can now report that the mother of the bursar is the sole employee at the school’s book store.
She’s employed as the cashier.
This means the bursar’s mother reports directly to her daily cash transactions at the bookstore.
The allegations of financial impropriety go further.
Nationwide sources have also confirmed that investigations have revealed that a gospel concert held for the school’s late Principal, Sister Angela Harris, resulted in a 7-million dollar loss for the school’s Home School Association.
It’s not immediately clear how the benefit concert for the late principal could rack up millions of dollars in losses.
Questions are also being raised about the operations of the school’s canteen.
Nationwide News understands that the facility is contracted to a private operator.
Information reaching our news centre is that the monthly rent cheque for the facility is written in the school’s name.
Those cheques have allegedly not been deposited into the school’s account for years.
It is not immediately clear what became of those cheques.
Officials of the upper St. Andrew based institution have been tightlipped since Nationwide’s revelation of the scandal yesterday.
The bursar has been with Immaculate for several years.
Meanwhile, the administration of Immaculate Conception High School has banned all cash transactions outside of the Bursar’s office.
In a February 12 letter to parents, principal of the school, Stacey Reynolds, advised that parents must ensure that receipts are generated and provided to them for all financial transactions at the school.
The principal told parents that no staff member outside of those in the Bursar’s office is permitted to collect cash on the school’s behalf.
Parents are being urged by the principal to utilize debit and credit cards to conduct financial transactions on the school’s compound.
The principal says the new directive is for security reasons.
Reynolds recently joined Immaculate, when she was appointed in September 2020.
A massive fraud investigation is underway at the all girls Catholic institutions. Some 30-million dollars has allegedly been misappropriated.
