The NMI Retirement Fund has confirmed that checks paid by a Guam-based accounting firm for the Commonwealth Ports Authority have failed to clear when cashed.<\/p>\n
\u201cWe attempted to cash IDS checks but our attempts failed. It didn\u2019t clear,\u201d said Fund administrator Mark Aguon in an interview.<\/p>\n
The Guam-based Information Data Services is alleged to have withheld over $350,000 in employer contribution funds of CPA. This amount covers seven pay periods, said the CPA.<\/p>\n
Preliminary information showed that IDS may have withheld a total of over $12 million belonging to its clients in Guam and on Saipan.<\/p>\n
IDS used to provide payroll processing services for big companies.<\/p>\n
On Saipan, IDS clients included CPA from the government and at least three hotels\u2014Saipan World Resort, Pacific Islands Club, and Hotel Nikko Saipan\u2014from the private sector.<\/p>\n
Last week, Public Auditor Michael Sablan said that his office\u2019s investigation of the CPA exposure includes determining whether the CNMI government received the right taxes from these clients.<\/p>\n
Sablan said his team is working closely with the CNMI Revenue and Taxation Division to check on the matter.<\/p>\n
Further, the CPA is working with the CNMI Attorney General\u2019s Office on possible criminal and legal actions against IDS.<\/p>\n","protected":false},"excerpt":{"rendered":"
The NMI Retirement Fund has confirmed that checks paid by a Guam-based accounting firm for the Commonwealth Ports Authority have failed to clear when cashed.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-105775","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/105775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=105775"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/105775\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=105775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=105775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=105775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}