Arab Today, arab today alshamali quits after grilling
Last Updated : GMT 05:01:07
Arab Today, arab today
Arab Today, arab today

Al-Shamali quits after grilling

Arab Today, arab today

Arab Today, arab today Al-Shamali quits after grilling

Kuwait - AFP

Kuwait\'s Finance Minister Mustafa al-Shamali resigned on Thursday following a marathon grilling in which opposition MPs accused him of wide-ranging financial irregularities. \"I submit my resignation from my post,\" declared the 69-year-old minister after a passionate address in parliament following the 11-hour questioning. Ten opposition MPs still filed a no-confidence motion against the minister which will not count if the oil-rich Gulf state\'s ruler officially accepts the resignation. If the emir does not accept the resignation, voting on the motion will take place on June 3. Shamali, who has been finance minister in the oil-rich emirate since 2007, categorically denied the accusations against him and insisted that he worked to his best to serve his nation. He is the first minister to quit the new Kuwaiti cabinet formed just over three months following snap polls in which the Islamist-led opposition scored a comprehensive victory. The three opposition MPs who grilled Shamali accused him of being responsible for wide-ranging violations that are estimated to have cost the Gulf state billions of dollars. They also charged that the state-run pension fund, headed by him, is a partner in a local company suspected of breaking the international embargo on Iran over its controversial nuclear program. The company has also helped Hizbullah to buy arms, MP Abdulrahman al-Anjari charged during a parliamentary grilling of the minister. Shamali refused to comment on the Iran-linked allegations despite being pressed several times by lawmakers. MP Mussallam al-Barrak charged the minister of violating the law in the process of awarding Kuwait\'s first Independent Water and Power Project (IWPP) at Al-Zour North, 100 km (62 miles) south of Kuwait City. A consortium of Japan\'s Sumitomo Corp, International Power-GDF SUEZ and a Kuwaiti construction company has been named preferred bidder for the $2.5 billion (2 billion euro) joint gas-fired combined cycle power and desalination plant. Barrak called for scrapping the awarding process and for adopting a public auction for local and international firms. The minister categorically denied the allegations claiming that they were part of settling personal and political scores. Barrak also held the minister and the government responsible of squandering around $20 billion from foreign companies under an offset program that requires the firms to reinvest 35 percent of their contracts in Kuwait. Barrak and MP Khaled al-Tahoos accused the ministry of being responsible for squandering billions of dollars of public funds by leasing state land at a very cheap price to \"influential businessmen.\" The grilling began after two days of bickering between the government and the opposition lawmakers who had filed two requests to quiz Shamali. The government boycotted parliamentary sessions for two days over the controversy, which was resolved when the opposition withdrew one of the requests. The grilling could lead to opposition MPs filing a no-confidence motion against the minister. Voting on the request will take place after eight days. The opposition needs the support of 25 MPs to vote the minister out of office and it has the backing of well over 30 in the 50-member house. Kuwait, OPEC\'s third largest producer, has been rocked since 2006 by a series of political crises that led to the resignation of the cabinet several times and parliament being dissolved on four occasions.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alshamali quits after grilling Arab Today, arab today alshamali quits after grilling

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alshamali quits after grilling Arab Today, arab today alshamali quits after grilling

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday