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Evidence proves violations at PAAAFR
June 2, 2016, 8:32 am
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A parliamentary source spoke about scandalous information that officials will be confronted with at the Public Authority for Agricultural Affairs and Fish Resources (PAAAFR) during the meeting of the parliamentary public funds protection committee on Sunday, while the government sent the committee’s report on the Dow deal to the public prosecution.

The source said the committee received documents that “may embarrass officials at PAAAFR because they detail evidence that proves violations at the authority, and there will be confrontation between committee members and the officials”. The source said the funds protection committee report on the Dow deal revealed suspicions that warrant criminal investigations.

The report said the deal burdened the general treasury of the state with losses that reached $2.218 billion, which is a felony that requires investigation. The committee argued that the evidence is that the Petrochemical Industries Company (PIC) did not learn from its failed previous experience with Dow chemical, and what resulted in burdening public funds with a KD 90 million, in addition that the Kuwaiti side accepted partnership with Dow chemical, though it was suffering from continued drop in its profits since 2005, and which became worse in 2008 due to the global financial crises at the time.

Meanwhile, the parliamentary priorities committee rapporteur Ahmad Lari said the report the Social Affairs Minister and State Minister for Planning and Development Hind Al-Subaih promised to submit about nonperforming officials on the implementation of the development plan was not presented, because the minister is abroad.

Source: Al-Rai

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