Sep 12 2011 |
more articles from
|
Kuwait: 'Subsidized fuel smuggling costs Kuwait KD 245m yrly'
Anti-graft laws need amendment: Al-HebainiKUWAIT CITY, Sept 12: Two separate committees tasked to investigate foul play in oil wealth have come to the conclusion that Kuwait loses KD 245 million every year to smuggling of subsidized fuel. Despite this, the Kuwait National Petroleum Company (KNPC), Kuwait Petroleum Corpora-tion ( KPC ) and the Petroleum Higher Council didn't make any attempt to take the bull by the horn and implement the recommendations of the committees, reports Al-Mustaqbal daily.
Sources said the theft of subsidized fuel is so common and obvious that one need not even bother to investigate. He added that official statements show unjustified increase in the quantity of diesel consumed. The figures are disproportionate to the population and economic acitivites of the country. For example, the sources said, the average quantity of gas withdrawn monthly from KNPC stations is around 45,000 liters, but in 2010 until Feb 2011, the quantity increased by 131,000 liters to hit as high as 176,000 liters. This increase is what raised suspicions and no accounts has been made for it.
Also:
Anti-corruption laws need amendment, seeing the existing laws are insufficient to curb this dangerous phenomenon worsening day by day, reports Al-Shahed daily quoting lawyer Fahad Al-Hebaini as saying.
In an interview with the daily, Al-Hebaini stressed that many people have had their wealth multiplied without the authorities knowing the source of their income. He added that political money related scandals should prompt the authorities to approve ways of fighting individuals involved in the crime.
He noted the banks have a duty to eliminate the phenomenon, and they should be more transparent in cases involving money laundering, as part of their legal and moral obligation.
Al-Hebaini said the banks must notify the Central Bank of Kuwait about any suspicious circulation of funds in their clients' accounts, indicating the focus should be on preserving Kuwait's reputation against any harm.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment