Endless violations detected in car offices

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‘No money-laundering, terror financing seen during check’

KUWAIT CITY, Oct 26: The Ministry of Commerce and Industry, in cooperation with personnel from the Ministry of Interior, conducted an extensive check on transactions of the automobile sector, including leasing companies and offices specialized in buying and selling from outside the agency, reports Al-Rai daily. Relevant sources indicated that the increase in the inspection of the books of these authorities came as part of a broader supervisory move towards this sector, in parallel with the recent Commerce Ministry decision regarding the closure of the well-known car buying and selling office.

The sources pointed out that the list of newly monitored violations is unending, but it is free of any suspicions related to money laundering and terrorist financing operations. It is useful that the list includes more than one legal violation, not the least of which was obligating those who rent cars to pay the rental value.

The sources explained members of the committee formed by the Ministry of Commerce and the Ministry of the Interior discovered that some offices collect from their clients the rental value for the period during which the rented car was out of service, even though it is covered by a comprehensive insurance policy, which means that these offices obtain the rental value twice. One of them is sums collected from the customer that are not due, which makes the procedure contrary.

The sources pointed out that according to the law, all car rental companies must insure their cars with a comprehensive insurance policy, noting that in the event that any of these cars suffers breakdowns, the renter is not legally obligated to pay the rental value for the period in which his rental benefit is stopped, no matter how long the period

This news has been read 26105 times!