EMBD fires CEO

In a statement issued late Friday afternoon, the State agency said the decision to remove Parmassar was pursuant to findings of a forensic audit; initiated by its board in February 2016, “into the award of certain contracts by the company.” The EMBD’s corporate secretary, Cherisse Bengochea, has been appointed acting CEO.

“The EMBD continues to remain focused on executing its mandate and plans in support of its core functions,” the company stated.

Contacted for further information about the matter, an official at the EMBD informed Sunday Newsday that they “cannot comment on the contracts under question.” “This is a confidential matter that is being treated with at the board level. The statement we issued is all that we can share at this point in time, given the nature of what is under review,” the EMBD official said.