Arab Today, arab today probe corrupt practices in ‘zain’ telecom group
Last Updated : GMT 13:22:57
Arab Today, arab today
Arab Today, arab today

Probe corrupt practices in ‘Zain’ telecom group

Arab Today, arab today

Arab Today, arab today Probe corrupt practices in ‘Zain’ telecom group

Kuwait - Arabstoday

MP Saadoun Hammad has emphasized the need to take constitutional measures against those behind the irregularities uncovered in Zain Telecommunications Company to protect the shareholders, especially since Kuwait owns more than 27 percent of the company’s shares. Speaking to reporters Wednesday, Hammad pointed out Zain is a joint-stock company, not closed, so it should not have acted irresponsible towards others. He wondered why the company paid millions in bonuses to its director. He lamented the most unusual aspect of the controversy is the interim government’s failure to take a firm stand on the issue as if the protection of public funds is not part of its duties. He raised doubts on the alleged investment of the board of directors, amounting to KD 98 million, in other companies that belong to the board members. He said the company is regarded as one of the pillars of the local economy; hence the discovery of the anomalies has also tarnished the reputation of Kuwait.   according to \"arab times\" He called for a thorough investigation and asked the Audit Bureau to closely follow up the issue for the public to know the truth. On the other hand, MP Daifallah Buramiya argued the issue is tantamount to stealing public money in broad daylight with the ‘blessing’ of the interim government. He accused the latter of tolerating the manipulative acts of some people in Zain, adding that the lawmakers will use their constitutional tools to stop the misuse of public money. “The members of the interim government should not think they are already off the hook due to their resignation. We have ways to hold them responsible in case proven that they have violated the law, even if they are no longer part of the government,” Buramiya warned.  

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