fund statement
2.Interest shall be allowed on expenditure, sacrifices and allowances charged to general average at the rate of 7 per cent. per annum, until the date of the general average statement, due allowance being made for any interim reimbursement from the contributory interests or from the general average deposit fund.
3.The National Audit Office discovered various problems including serious false statement of assets and liabilities, poor quality of assets, poor investment returns, irregular and fraudulent fund raising, misappropriation of clients’ deposits and irregular operations for illegal benefits as well as concealment of the off-book assets and profits etc.
