Latest News
- Suspect In Jleeb Al-Shuyoukh Murder Case Arrested By Kuwaiti Aut...
- The Ministry Connects With Violators Of Residency Law In Eight L...
- Kuwait Welcomes Armenia-Azerbaijan Border Agreement For Regional...
- Despite Tough Laws, Chaos Seen On Roads
- Body Of Asian National Found In Jleeb Al-Shuyoukh Area
- Ministry Of Commerce And Industry Launches 6 New Electronic Serv...
- 3 Expats Caught In Salmiya With 213 Bottles Of Locally Produced...
- Over 100 Polygamy-related Cases Were Filed By Kuwaiti Women
- Impersonator Scams Kuwaiti Citizen Via Video Call
- The Municipal Council Announces Vacancies In Districts Six And N...
- Municipality Recovers Seized Plots
- Peak-time 'cut-offs' Raise Fears Of An Electricity Crisis
Enact Bilateral Deals, Extradite Former Head Of Pifss From Uk
The issue within the governmental structure is managerial, not financial, says MP Riyadh Al-Adsani. He called on the concerned authorities to enact bilateral agreements between the State of Kuwait and the United Kingdom, and extradite the former head of the Public Institution for Social Security (PIFSS) who is suspected of squandering public funds.
He revealed that responses to his queries on this issue highlighted its complexity; considering several bank accounts were traced in various countries such as Switzerland, United States of America, United Kingdom, Lebanon and the Cayman Islands with transactions as far back as three decades ago – since the beginning of the suspect’s tenure. He also pointed out that the Public Prosecution and other concerned authorities did not object to the extradition requests submitted by the legal team in the United Kingdom.
He called on all concerned governmental authorities to expedite this case. On the other hand, member of the parliamentary Budgets and Final Accounts Committee MP Shu’aib Al- Muwaizri has warned the government about the consequences of the failure of its representatives in companies where it owns shares to comply with decisions made by supervising bodies, as it is considered squandering of public funds.
He said these companies are also avoiding supervision of the State Audit Bureau (SAB), claiming that they are not subject to such supervision as they operate in the private sector. He added the investment choices of these companies are not being taken seriously; indicating that even if the government’s share is just one percent, decisions and actions should be reviewed carefully taking into consideration their impact on public welfare.
“This is the constitutional obligation of every governmental authority,” stressed the MP while underlining the importance of heeding the warnings and comments of SAB. He believes the government’s weak supervision over private sector investments is deliberate, because majority of its investments are in unstable companies which are linked with government officials. These companies would have gone bankrupt without the investments of the government, he asserted. “The government’s policy on private sector investments is beneficial only to owners of certain companies, so the government’s return on stocks remain insubstantial and impractical,” he concluded
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment