KD 200,000 Deficit In Capital Co-op Society
Category: Kuwait
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Cooperative Sector inspectors in the Ministry of Social Affairs discovered a deficit of KD200,000 when they did an inventory of the contents of a cooperative society in the Capital Governorate and that the person responsible has gone into hiding, reports Al-Qabas daily.

A reliable source indicated that the deficit was discovered after completing the usual inventory of the cooperative. He went on to say that as soon as the concerned inspectors visited the cooperative’s headquarters, the official responsible for financial affairs – an Arab – withdrew surreptitiously and then disappeared from the radar.

Report
He affirmed the inspectors will submit a report to the sector to take necessary measures and form a specialized committee which will look into all the files and financial documents in the cooperative.

The committee will verify the inventory process to determine the deficit. In case the alleged deficit is proven true, the case will be referred to the Public Prosecution.

He added the ministry asked the cooperative’s officials to take appropriate measures to prevent the financial affairs official from traveling until completion of legal procedures.

On food supply for emergencies and to confirm what the daily published earlier, the source revealed that the monitoring and inspection teams in the Cooperative Sector have started checking supplies in cooperative societies. The source disclosed the inspectors were assigned to various cooperatives to ensure there is ample supply for an average period of three months.

The operation includes nine items according to the quantities table for each cooperative and each governorate. Four cooperatives were assigned to each inspector to inventory the contents, he explained. The highest supply recorded so far is water.

In Jahra alone, there are more than 300,000 cartons of water while the bean products stored in cooperatives totaled 10,000 cartons, the source concluded.

 

SOURCE : ARABTIMES

09 Jan, 2020 185
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