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Thursday , October 29 2020

Legislator queries KIA commissions

KUWAIT CITY, Sept 7: MP Abdullah Al-Kandari has forwarded queries to Minister of Finance Barrak Al-Shitan about the companies which manage the investments of Kuwait Investment Authority (KIA) and the amount of commission paid to these companies in fiscal 2018/2019. He wants to know the number of Kuwaiti employees in these companies, facts about the report published by CNBC magazine on the contract between KIA and DOW Company in violation of the Cabinet decision to suspend contracting with the aforementioned company, names of the committee members who approved the contract and reasons for approval.

He also asked about the reasons behind the decision to invest $1 billion in the Kuwaiti Chinese Company and its cancellation, and if there is suspicion of conflict of interest between the Kuwaiti Chinese Company and KIA in relation to the CEO of the company. He asked for names of the Kuwaiti directors and deputy directors of the financial offices in London and Beijing and the real estate offices in the USA since 2015 till date, names of Kuwaiti employees who have been exempted from the specified period of service, reasons behind the exemption, names of expatriate employees and their job titles, and if any of the expatriate employees holds a diplomatic passport to represent the head of the investment office.

On the other hand, MP Muhammad Haif has accused the Interior Ministry of instigating disputes to divert the attention of citizens from the main issues. He disclosed the leaked recordings sent to the National Assembly are supposed to be four hours long, but the State Ministry of National Assembly Affairs said the duration of the recordings available now is only two hours. He said the Interior Ministry manipulated the recordings in order to protect those accused of involvement in corruption issues like the Malaysian sovereign fund and spying on citizens. He urged his colleagues to ponder on the citizens’ opinions and vote in favor of the no-confidence motion against the interior minister.

By Saeed Mahmoud Saleh
Arab Times Staff

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