KOC determined to ‘protect’ public money and fight graft

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KUWAIT CITY, Feb 10: In the context of its endeavors to protect public money and fight corruption, the oil sources revealed 41 internal investigation committees were formed by the Kuwait Oil Company since January 2016, reports Al-Rai daily.

Quoting reliable sources, the daily said 28 committees have completed their tasks and 140 written warning letters were issued between and 4 people were dismissed without end-ofservice benefits, seven files were referred to the General Department for Investigations, the services of 17 contractors were terminated and three companies were blacklisted.

The sources stated, from the beginning of this year the KOC has recovered 5.5 million dinars in amounts that were unlawfully disbursed pursuant to the directives given by His Highness the Amir and HH the Prime Minister to combat corruption. The issue was followed up by the Minister of Oil and the CEO of the Kuwait Petroleum Corporation (KPC).

Suspicious
The sources pointed the KOC is following up, observing and scrutinizing all suspicious activities involving what it called the ‘oil files’. The sources said, the amount recovered is the testimony that the committees are determined to protect public money.

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