An audit report on Cricket West Indies (CWI) has raised serious concerns about a financial transaction that could appear to be money laundering and a conflict of interest with a loan pertaining to an employee  no longer with CWI.

The report by financial consultants PKF was received by CWI in November 2019 but its findings and recommendations have not been addressed by the board.

In a recent interview, commentator and former West Indian fast bowler Michael Holding called the audit “damning” and asked the current board “where is the transparency” in addressing the findings.

CWI has adverted to some of the issues in the PKF report but has not advised of what actions have been taken.

In the report, seen by the Sunday Stabroek, PKF said several matters have caused it consternation in relation to whether the former CWI employee was acting in the best interest of CWI.