FORMER OHA TRUSTEE SUPPORTS AUDIT
Here's What Former Trustee Clarence Ku Ching Says -
"...I stressed that the statutory requirement mandating an audit every 4 years was grossly insufficient - as lots of mischief can take place at much shorter time intervals - as it seems to appear at present - and that it is possible that irreparable damage may result.
I was extremely disappointed that OHA's trustees opposed the resolution - wondering what they had to hide.
I also stressed that the trustees have "fiduciary responsibilities and obligations" to their beneficiaries and that whenever (between mandated audits) a number of beneficiaries (as is happening now) request an audit - that it happens. I requested an audit as a beneficiary.
I also suggested that OHA's recent use of LLCs (limited liability corporations) that seemed to convert "trust" assets into "private" assets - out of sight and oversight of its beneficiaries, the public and the legislature - and seemingly beyond any "trustee" responsibilities and obligations and placed in the hands of "private" individuals might be a serious mischief.
...there are some who are trying to obtain the originating documents for the LLCs and taking a magnifying glass to what is happening - with the possibility that OHA's trustees have breached their responsibilities and obligations. There may be sufficient grounds for a very successful litigation to restore these "trust" assets to the "trust," for the benefit of OHA's rightful beneficiaries."
