TOR rot: 14 top executives interdicted over GH₵10.4m loot

The Interim Management Committee of the Tema Oil Refinery (TOR) has interdicted 14 top executives over their involvement in the alleged theft of GH₵10.4 million worth of cables.

Disclosures from the Committee indicated that in April 2021, a total of 18 drums of electrical cables worth GH₵10.4 million disappeared from the Technical Storehouse of TOR.

It was also discovered that there was a disappearance of LPG belonging to a client between 2012 and 2015, as a result of which TOR became indebted to the client to the tune of $4.8 million.

This was confirmed by audit firm Ernst and Young.

This occurred after the Committee conducted investigations into some incidents of product storage and transfer losses at the company, the country’s only refinery.

The audit forms part of an exercise geared towards resolving the refinery’s consistent product and financial losses to enable the company to meet its full potential.

The investigations also revealed the disappearance of 105,927 litres of gas oil on September 4, 2021, belonging to a client of a Bulk oil Distributing Company (BDC).

In addition, there was a wrongful loading of 252,000 litres of Aviation Turbine Kerosene (ATK) instead of regular kerosene into BRV trucks at the loading gantry between September 21 and September 25, 2021.

The Committee has assured that it would deal with all individuals who would be found guilty in accordance with the law, while those who would be cleared in the process would be recalled to work.