The Autonomous University of Nayarit: financial crisis. The Autonomous University of Nayarit: financial crisis.

Auditors are looking for 585mn pesos

Diversion of funds probed at university in Nayarit

Auditors have detected the diversion of 585 million pesos (close to US $30 million) at the Autonomous University of Nayarit.

A probe into the university’s 2015 finances found the expenditure of only 280 million pesos of a total of 865 million pesos could be justified.

The questionable spending included unjustified travel expenses, unverified support and compensation payments and millions transferred to workers’ bank accounts.

The latter were electronic transfers to three security guards employed by the university: 333 million pesos in total were transferred to the bank accounts to two, and 10 million pesos to a third, said state auditor Roy Rubio Salazar.

In the case of support payments, the purpose of which was unclear, 791,675 pesos were said to have been paid to beneficiaries, but no documented evidence exists that the payments were made.

Over 330,000 pesos were reported as travel expenses but no official documentation regarding the trips has been found.

A payment of 27.5 million pesos was issued for building renovations to a company missing from the university’s suppliers list.

The situation has been described as the worst financial crisis ever suffered by the educational facility, located in Tepic, which has an enrollment of 18,900 students.

Rector Jorge Ignacio Peña González, who was elected to the post in May, has promised a full investigation, with “neither impunity nor cover-ups.”

“I have instructed the [university’s] finance secretary to prepare and publish a detailed report . . . .”

Source: Milenio (sp)

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