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[size=38]Financial waste by equipping an inoperative firefighting system worth $350,000 for the Oil Exploration Company.[/size]
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September 29, 2023[You must be registered and logged in to see this link.]
Baghdad/Al-Masala Al-Hadath: The Investigation Department carried out operations to arrest cases of waste of public money and violations in the implementation of contracts concluded by oil companies in Basra, and followed up on transactions at the General Company for the Distribution of Petroleum Products, indicating that (5) accused were arrested during those operations.
The department reported that the Basra Investigation Directorate’s work team monitored several violations in a contract concluded by the Iraqi Oil Tanker Company with a Bulgarian company to rent tankers to transport the “ship fuel” product, and they were not taken into account by the company’s commercial department before signing the contract, despite the violations being confirmed by the department. Internal control and auditing in the company itself, pointing out that this caused significant financial losses incurred by the Iraqi Oil Tanker Company as a result of this contract.
She added that the preliminary details of a contract to equip caravans with a fire system for the benefit of the Petroleum Exploration Company in Basra were seized, explaining that when preparing the materials, which cost (350,000) thousand dollars, it turned out that the firefighting system was broken, pointing out that the company received it despite its fault, and did not request the company. Equipped with maintenance.
She pointed out the arrest of (5) accused of tracking transactions in the General Company for the Distribution of Petroleum Products in the governorate, noting that they were caught red-handed while they were tracking transactions for processing “gas oil” for the benefit of the owners of private generators without any legal status, stressing that the competent investigating judge decided to arrest them. The defendants who exploited their relationships with company employees to conduct investigations.
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