Defence minister Rear Admiral (rtd) Peter Vilho has refuted allegations of widespread corruption at his ministry and subsidiary company, August 26 Holding Company. He said audited financial statements of August 26 and its subsidiaries will not be opened for scrutiny as doing so would compromise national security. Vilho said this in an interview with Nampa late Wednesday, in response to allegations of corruption, nepotism and mismanagement at the defence ministry and its business arm August 26. He also dismissed claims by the public that August 26 and its 11 subsidiaries were not being audited. He explained that the audited financial statements are not for public consumption.