Wednesday, 12 June , 2019     |     2010      |      +      |     

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

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

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. 

Kuwait Today Business Subscription

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

Latest Comments

  LinkedIn Gulf Media

Sponsored Publications

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.

Latest searches in Kuwait Today