Colombia, S. Out of position More than $ 1.8 billion, accounting error.

The session session is the culmination of more than two years of investigation by the Senate, which started when accountants in the country unintentionally exaggerate the funds granted to colleges and universities at $ 3.5 billion.

This led to the discovery of an error in the account that started a decade ago when the state was changing from another accounting system. If the accountants are not able to balance the entries in the two books collections while they are transferring a thousand accountTo $ 1.8 billion.

It took it from criminal accountants, who paid millions of dollars as fees, to finally reveal that every $ 1.8 billion wasNot real moneyBut just the accumulation of errors.

Republican Senators who call for the expulsion of Loftis from his post he could have saidIt is no longer reliableTo deal with bank accounts in South Carolina. They were accused of being incompetent and never reported the mistakes of legislators as required under the law with the refusal of accountability.

“He is so interested in his general appearance that he will do and say anything to cover up his mistake,” said Senator Stephen Goldench.

Loftis called on the Senate Achievement A.The charming chase. He said again and againHe did not lose any moneyThe mistakes were not made in his office, although others have seen differently. The treasurer said that continuing to focus on errors threatens to classify strong credit of the state.

His lawyer, Deborah Barbier, opened the case of the three -hour treasurer, with a picture of the death and Republican President Donald Trump on a screen. She indicated that he won the elections four times and will face voters again in the introductory elections within 14 months. Loftis has already said that he would not run for his re -election.

“People do not want to tell that you are better than them,” said Barber of temporary lecturers at the back of the state’s Senate room. “Let’s decide problems like this in the ballot box.”

Senators can ask questions at the end of the session. The Senate will need a two -thirds vote to make a decision to “deliberately neglecting the duty” and sends the matter to the House of Representatives, which must also maintain the two -thirds votes to remove the treasury secretary.

Thirty -one of 40 Senate members will have to vote against Loftis to maintain the process.

No office holder has not been removed in this way since South Carolina became a state 225 years ago.

Republican leaders in the House of Representatives did not indicate any indication of whether they would take it.

The groom said that the books were not fully evaluated, and accountants continue to struggle with the Loftis office and how they deal with the banking accounts of the state.

The groom said that the treasury secretary is trying anything to protect 14 years in his position and heard him as a specialized governor host who always searches for taxpayers.

The groom said: “Because of his failures, the best friend of taxpayers cost tens of millions of millions of legal fees, review and control.” “With friends like this, who need tax liberals.”

Senate sub -committeeListen sessions heldTo interrogate Loftis below the section. It was controversial. Loftis criticized the papers, accused the members of the Senate of a charming chase and threatened to wake up and leave.

No external signs of frustration or anger appeared with the start of the session on Monday.

This story was originally shown on Fortune.com

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2025-04-21 18:30:00