LSC president Nicolas Didier owes €730,000: Inspectorate of Finance

This would mean that Didier has withdrawn more money from the Centre than he initially put in. According to the IGF, his contribution amounted to €2.88 million, which he invested in the creation of the Science Center. On the other hand, however, he is said to have made withdrawals totalling 2.43 million euros - not including his salaries and remuneration.

According to the Inspectorate, Didier received €1.18 million net in remuneration. Of this, €640,000 was actually paid to him. However, these payments were made without Didier having an employment contract with either GGM11 or LSC, which would have needed to be validated by the board of directors.

As a result, the IGF arrived at a balance of €730,000, which Didier owes to the LSC and GGM11.

The IGF also found accounting irregularities while analysing financial transactions linked to Didier himself, his family, or his American company IP Finance. The Inspectorate therefore recommends that the accounts of the LSC and its private company GGM11 be subject to a detailed financial audit to verify that the accounts are correct.

At this stage, the IGF believes there to be uncertainty as to whether the accounts are consistent and reflect the true financial position of LSC and GGM11. To avoid the risk of present or future enrichment, all financial and accounting transactions should be certified by an auditor, the Inspectorate further suggests.

A few months ago, the Education Ministry terminated the agreements with the Science Center to get Didier to accept a new form of governance, in which the state would be involved in the decisions of the directors' board. This is also what the IGF recommends in the summary of its report.