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Today, three term Mayor Hilberto Campos spoke to 7News about it, and while he confirmed that indeed funds are missing, he said that the figure being circulated is ridiculously exaggerated.

Mayor Hilberto Campos
"We have been investigating the case. I think on Monday the local government will be here. In respect to the $80,000 that's a ridiculous amount, not even close to that figure. It's a couple thousand dollars and yes to a certain degree the revenue department is pretty much on hold, we have two employees that didn't return obviously, but we are doing the investigation. One was them was relief from his duties, the revenue manager. At this time it's not appropriate to accuse directly one individual. What I could assure you is upon finishing the investigation it will be brought up to light exactly what happened and exactly how much we are talking about."

Daniel Ortiz
"How much the town council has been able to confirm have been missing while investigating the records?"

Mayor Hilberto Campos
"Like I mentioned to you I don't want to compromise the investigation but a couple thousand dollars, but definitely believe if $80,000 was missing from the Corozal Town Council something would have been done."

As you saw in our interview, Campos did not want to disclose the actual figures, saying that it is too early in the investigation at this time.

We have the names of the former employees who are being investigated for the missing funds, but we are not able to release them at this time because no charges have been brought. We do know also that they were all from the tax department of the Town Council. We spoke to one of the men this afternoon, and he categorically denied that he was let go because of any financial irregularities. He told us that he resigned his post because he is making preparations to continue his studies. We also checked his story with a senior employee at the Town Council who said that indeed he was let go because of the missing funds.