Wednesday, 12 June , 2019     |     1745      |      +      |     

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. 

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