The Court of Accounts has revealed inconsistencies in Moldtelecom's property and financial management.
The auditors of the Court of Accounts revealed inconsistencies in asset management, which led to losses of 14.4 million lei in some activities. For example, the complex of buildings that belong to the business center for education and training of personnel in Ivancea village, Orhei district, was not capitalized. Its value was 71.7 million lei, but in 2021 the center's potential was used at 12% in 2021 and at 22% in 2022. An example of inefficient asset management identified during the audit is the sanitary complex located in the building of the health center in the business center. It was built for 2 million lei and put into operation in 2011, but since its construction it has not conducted any activity and has not generated any income. The auditors found that Moldtelecom capitalized expenses of almost 30 million lei for the development of information systems in-house, which affected the value of intangible assets, cost of sales and net profit. The Court of Accounts revealed the unreasonableness of some purchases and even saw signs of fraud. For example, at 2 auctions held in 2020-2021, Moldtelecom concluded 2 contracts with the same supplier for the purchase of 70 used Dacia Dokker vans worth 13 million lei. The auditors believe that the competition was simulated, while the winner of the tender supplied the company with trucks that did not meet the requirements of the technical documentation. Major violations were also found in the company's property management. The property rights to 35 buildings and constructions in 17 localities of the country are not registered, their value is about 16 million lei. This creates a risk of alienation of property. Many land plots for network development are not used for their intended purpose, and more than 20% of the real estate managed by Moltelecom has a high degree of wear and tear, and the company does not have a clear forecast for the further use of these assets. // 09.02.2024 – InfoMarket
