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Thursday , August 6 2020

Top oil official to prosecution for embezzling KD 5 million

KUWAIT CITY, Dec 8: An unidentified oil company affiliated to the Kuwait Petroleum Corporation was forced to terminate the services of a prominent senior oil official and refer him to the Public Prosecution with a group of other officials for embezzling public money and using their positions for selfish benefits, reports Al-Qabas daily quoting reliable sources.

The daily added, the senior official in collusion with his subordinates is said to have embezzled more than five million dinars by siphoning the money into his private company.

The same sources added that the suspect signed a contract with a company he owned directly, and with the help of other officials to provide training courses for the oil sector employees that cost more than one million dinars annually without there being any justification, need or benefit for the sector from these courses.

The termination came after the oil sector formed two investigation committees, and discovered numerous violations and issues of conflicts of interest, monitored the commercial transactions sanctioned by the senior official since 2014 until now.

The sources said there are other senior officials in the oil sector who are involved in these transgressions, but they were moved to subsidiary companies and are currently holding senior positions in oil companies.

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