MP raps Finance Min. over alleged failure to protect public funds

      Published on Wednesday, 12 June , 2019      388 Views     
MP raps Finance Min. over alleged failure to protect public funds


MP Riad Al-Adsani on Tuesday voiced dismay at what he deemed “government reluctance and remissness in lodging complaints against public money misappropriations” and Finance Minister Nayef Al-Hajraf’s failure to do something in this regard.



Al-Adsani was speaking at a parliament session on a grilling motion filed by him and his colleague Bader Al-Mulla against Al-Hajraf in his capacity as finance minister.

Al-Adsani also lashed out at alleged embezzlements of investments and government failure to act properly and appropriately as well as “citizens’ sufferings” due to the surging cost of living in the country.

The irate MP cited seven misappropriation and fraud cases involving over a total one billion US dollar as a relevant resonant paradigm.

He regretted that some companies were involved in the selling of fictitious assets, thus leading to the squandering of pensions.



He further ripped the minister to shreds for shrugging off several key state agencies, chiefly Kuwait Investment Authority, in the recent merger of Kuwait Finance House and Ahli United Bank. 

Keywords:
Category Government | 2019/06/12 latest update at 6:00 PM
Source : Mena FN | Photocredit : Google
389 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Outrage as poverty leads young bidoon man to commit suicide in Kuwait
Kuwait Kuwait news

Outrage as poverty leads young bidoon man to commit suicide in Kuwait

Human rights activists and social media users expressed outrage after a “stateless young man” or “bidoon” committed suicide…

How the BRI is bolstering China-Arab ties

‘Four Seasons’ economic workshop

BANK MUSCAT AND MEETHAQ JOINT BOARD MEETING REVIEWS PERFORMANCE

Region “critical and very dangerous “ Emir

Region “critical and very dangerous “

His Highness the Amir Sheikh Sabah Al-Ahmad Al- Jaber Al-Sabah said Tuesday the foreign ministry has a further…

In Kuwait, King reiterates support for Arab Gulf in safeguarding stability Emir

In Kuwait, King reiterates support for Arab Gulf in safeguarding stability

His Majesty King Abdullah, accompanied by HRH Crown Prince Hussein, held talks with Emir of Kuwait Sheikh Sabah…

Kuwait raises security alert around oil installments in territorial waters Emir

Kuwait raises security alert around oil installments in territorial waters

Kuwait has increased security measures near oil installations and territorial waters amid rising tension between the United States…

Kuwait’s steady hand in Gulf affairs Emir

Kuwait’s steady hand in Gulf affairs

When Russian Foreign Minister Sergey Lavrov arrived in Kuwait March 5 for talks on the Gulf and the region, it was…

Technology

Kuwait lifestyle and lifestyle Kuwait news

Lifestyle

Kuwait lifestyle and lifestyle Kuwait news

Culture

Culture news and Kuwait culture news

Sport

Sport news from Kuwait and world sport news

Events

Kuwait Events and Events News

Government

Kuwait government News

Emir

News from the Emir of Kuwait