Evidences of some dodgy actions in terms total mismanagement in building rentals at Tepak technical university have been unleashed. The evidences of that were also presented to the parliament by the organization’s financial director.



The main pain that was made by the presenter to the governing body was that the school has paid millions to the building owners for the improvements and refurbishments as well as totally unsuitable for the use it has been initially intended. The documents of the historical data are the main prove for that.
According to the agreements, the refurbishments and the use of the premises must have been gone under current market price, which has been stated in the agreement. Despite this fact, a total amount of seven million Euros has been paid by Tepak to the landlords.
The university was first opened back in 2007when the first full time students attended the classes. The organization has been assigned a grant at around thirty million Euros a year, whereas in reality got much more than that and received somewhere in the region of forty five thousand annually.
The overall amount of building rented by the organizations right now is counted to twenty six. The net payment for that is 3.3 million Euros and the buildings that are used as campuses for students are rented at cost of 901 thousand Euros per year.
During the current year the amount of premises will be reduced by three, as the newly build buildings and restored one will be ready to be used.
The auditor general has found that majority of the contracts signed by the university are now under enormous scrutiny and the criminal offences took place.
Some owners of the buildings and several officials at organization are now facing the trial. These are the persons who have directly been involved in the procedure of singing the documents. The criminal case has now been investigated and hugely supported by the audit officials.
The financial director believed that the buildings were rented and used, being in the same sate and condition from day one, when the contracts were signed. The premises were not at the acceptable conditions, whilst at the price paid, there have been many other options to be chosen and plenty of buildings on the market for the same price.
Rental agreements obliged the tenant to make the refurbishments and to modify of the properties. The payments for such works were directly paid to the landlords but not to the contractors. The owners provided genuine receipts for the work that has been done however; the overall costs of the works has been purposely inflated.
It has been proved that several building owners took steps further and fully took the advantages of the such policy by purchasing several additional old buildings and making the refurbishments there at the expense of the tenant. Then, buildings were given for rent to the party that has paid for the work and sold afterward with great profits.
Some agreements contained clauses that authorized the payments, long before the buildings were given for rentals.
In other cases, twelve buildings were rented by the organization, when the works were still under way and the premises were not suitable for the purposes it has been rented. Despite this fact the payments were made months before that.
The case goes further when the evidences suggest that some buildings were rented but actually no t have been used over the course of four years.
Ten million Euros have been spent for rental and as much as seven for the refurbishments of the premises.
The party confirmed full cooperation with audit authorities and education ministry and some mistakes of have been partly admitted and the governing bodies were assured that the unfavorable contracts with very questionable terms have been abandoned. In spite this fact the case has already been processed by the justice system.