Kuwait Oil Company (KOC) has referred some senior officials to prosecution on allegations of corruption, taking undue advantage of their positions to serve personal interests, and mismanaging several contracts worth over KD 200 million, reports Al-Qabas daily.
The daily quoting a source added a series of variation orders may have been witnessed in the maintenance contracts but the officials in question did not impose fines on the contractors and took for granted the need to achieve demands of the company and operation of gas sector.
Rafael Nadal marries partner of 14 years, Xisca Perello
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112 | the publication reaches you by | Kuwait OnlineHe stated an investigation was carried out to see if lapses in the wording and clauses of the contracts could be detected, reaffirming the officials slacked in imposing fines on the contractors, in addition to suspicions about paving way for the contractors to violate conditions of those contracts.
He reiterated all those suspicions have yet to be established, indicating investigation is still underway to gather more information. He revealed the officials had mounted pressure to play down on the issue by restricting the action to internal punishment and reshuffling rather than referring the case to the Public Prosecution Department when information was first received about the suspicious activities.
Boursa Kuwait announces net profit of KD 5.63 million for the period ended 30 June 2020
Against the backdrop of the unprecedented conditions brought on by the COVID-19 pandemic, Boursa Kuwait saw a net profit…
179 | the publication reaches you by | Kuwait OnlineKuwait Today Business Subscription
Category: #Kuwait News | 2018/06/01 latest update at 5:00 PM
Source : Arab Times Online | Photocredit : Google
