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Tuesday , September 27 2022

Info Ministry sends 3 cases on public funds violations to Nazaha

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KUWAIT CITY, Feb 1, (KUNA): The Ministry of Information referred three profile cases related to a suspicion of violation to public funds to the Public Authority for Combating Corruption (Nazaha), to take the necessary measures in their regard.

The Ministry’s spokeswoman Anwar Murad revealed in a press statement, that ongoing coordination and cooperation with the regulatory authorities to monitor any violations or infringements to public funds. Murad emphasized that the ministry is keen to cooperate with all relative authorities in the country, to implement laws and preserve public funds.

In other news, the Kuwait State Audit Bureau examined 2,401 financial transactions between April 2020 and January 2021 with a value of KD 2.7 billion (USD 8.9 billion), and succeeded preventing a waste of KD 72 million (USD 237 million), a SAB official said Monday. Yasmeen Al-Wasmi, assistant auditor at Pre-Audit for Economic Affairs Department, said in a statement 92 percent of transactions, or KD 2.5 billion (USD 8.2 billion), were related to government budgets, and the rest belonged to budgets of independent authorities.

The auditing took place between April 1, 2020 and January 31, 2021. The pre-auditing process, she added, discovered some calculation mistakes in quotas which were in contrast variation with market prices in addition to decreasing quantities requested to cope with actual consumption of authorities. SAB, said Al-Wasmi, approved 1,273 transactions, or 72 percent, worth KD 1.9 billion (USD 6.2 billion), and would conduct post-auditing after execution of the transactions.

The pre-auditing department informed SAB’s financial penalties department about violations in 47 transactions, or KD 104 million (USD 343 million), because authorities concerned carried out the transactions without obtaining SAB’s approval. Al-Wasmi said the department rejected 107 transactions, or KD 282 million (USD 931 million).

She added the department requested provision of all documents of 778 incompleted transactions. Al-Wasmi said failure of authorities to abide by SAB’s regulations would undermine governance, which would negatively affect the government sector’s transparent development.

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