Integrity returns $ 135 million to the Oil Ministry
12:11 - 18/09/2019
[You must be registered and logged in to see this link.]
revealed Integrity Commission, on Wednesday, that the sum of the amounts recovered to the state treasury; as a result of the investigation and audit on the subject of irregularities taking place contracts for the distribution of oil products company with two investment companies amounted to more than (135 million) million US dollars.
A statement of the authority received a copy of it, said that its efforts resulted in the recovery of $ 85,492,886 million for the benefit of the Oil Distribution Company through the investigation team, which investigated the violations of the contract concluded with an investment company about fuel consumed to produce electric power. For failing to provide documents and supporting documents for spent fuel (imported). ”
The statement added that “the process of recovering the amount from the investment company was through the payment of the amount (27,796,449) million dollars of the remaining amount spent on fuel consumed for the production of electric power, and reduce the amount (22,541,427) million dollars of its dues for the contract for the supply of electricity and refining quantities loaded For the benefit of the Ministry of Oil during the month of April 2019, in addition to the fine imposed on it ($ 35,441,010) million for the deviation of the specifications of fuel oil and add to its dues for the contract for the supply of electricity for the year 2017. ''
He continued, "The Department of Audit of industrial activity in the Federal Audit Bureau confirmed the restoration of the amount of (85,492,886) million dollars from the investment company," pointing out that "Oil Products Distribution Company has made a restrictive settlement under which the reduction of the amount (79,238,806) million dollars of the company He added that the installation and calibration of the meters for the investment power plant resulted in stopping the waste of public money that is happening as a result of not setting the meters.
The Authority announced on 25/8/2019 the recovery of the amount of (50,181,722) million from another investment company; as a result of the investigation of breaches of a contract for the benefit of the distribution of oil products, bringing the total recoveries for the benefit of the company (135,674,608) million. Done / 25