The Attorney General’s Office reported yesterday that the Public Prosecution ordered the detention of the Director of Finance and the head of the Price Evaluation Committee at Waha Oil Company.
The Attorney General’s Office reported that the investigation into the matter revealed that the two officials had engaged in conduct that violated the rules and regulations governing the management of public funds.
This included deliberately spending tens of millions of dollars in foreign currency without adhering to regulations concerning wages, violating the principle of “equal pay for equal work,” and using an exceptional shipping method without justification.
This resulted in the company incurring an additional cost equivalent to 80% of the price of the goods. Furthermore, they included additional work on a drilling rig lease contract for several years, resulting in the company incurring an additional cost of twelve million dollars.
They also awarded work to a contractor at a value five times the value of the previous contract for the same service.
Finally, they contracted directly to supply two hundred and twenty electrical transformers at a price exceeding the manufacturer’s invoice by thirty thousand dollars per transformer.
Therefore, the Public Prosecution ordered the pretrial detention of the two defendants pending further investigation.
