Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
48 Million Recovered From Suspects Blamed In Misappropriation Of Public Funds
President of the Public Funds Prosecution Dr Faisal Al-Mutairi disclosed that the sector has recovered over KD 48 million from the suspects of misappropriation, reports Al-Qabas daily.
Al-Mutairi declared that refunding the amount after allegations of misappropriation did not leave the perpetrators off the hook, and they neither evaded judicial punishments.
He said the positive reasons of the growing public funds misappropriation cases is the high rate of awareness on the sanctity of public funds in our society and the mandatory protection over it.
He stated the most notable negative reasons embedded in inadequacy of auditing systems as regards fair and transparent internal follow-up of all government agencies, which could be related to movable and immovable assets. He noted that public funds related crimes have increased to over 750 percent within the past 10 years.
He explained that only 24 cases were recorded in 2009, while it multiplied to 210 in 2018. He emphasized discussion on money laundering perpetrated by gang using proxy and hidden complicated accounts difficult for banks to handle.
SOURCE : ARABTIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment