Dr. Thomson Fontaine Clears Air on Alleged Misappropriation of Funds
Contrary to a report by a local radio station, where United Workers Party candidate for the Grand Fond/Riviere Cyrique Constituency, Dr. Thomson Fontaine was accused of misappropriation of funds, during his tenure as the Treasurer of the Dominica Academy of Arts and Sciences (DAAS), Dr. Fontaine says this accusation is a political gimmick and is false.
Mr. Fontaine noted that the incident happened in 2009.
He explained that he was asked to move the money from the DAAS account to a CD account by Dr. Clayton Shillingford, President of DAAS at the time, as his Credit Union offered the highest rate of interest.
Dr. Fontaine noted, he then put the funds under his name so it would attract interest, as a business name could not be placed on the application.
“Mr. Clayton knew fully what was happening”, he noted.
The President of DAAS, Dr. Clayton Shillingford received the Bank’s statements of the account.
A few months later, Dr. Shillingford instructed Dr. Fontaine to return the money to the DAAS account.
There had been a misunderstanding about the money being placed back into the previous account and the Board of Directors was informed.
The money was returned upon advice from the Attorney for the Organization and Dr. Petter St. Jean.
Mr. Shillingford, who confirmed Dr. Fontaine’s account on the matter, says this issue, resolved since 2009, being brought to the public’s attention is a political gimmick by supporters of the Dominica Labour Party, confirming that there was no misappropriation of funds from the DAAS account.
Dr. Shillingford went on to say this was just another attempt to put the reputation of Dr. Fontaine into disrepute by persons critical to the Government.