Home Page - Gulf in the Media
HomePoliticsEconomy                               Set Gulfinthemedia.com as home page
Economy
 Print  Send This Page
Save Listen to this Article
Barrak: Kuwait Central Bank not cooperating with panel   

Kuwait Times - 14 June, 2012

Central Bank Governor Saad Al-Hashel yesterday refused to provide the National Assembly probe panel information or documents about former MPs who have been accused of receiving illegal funds into their bank accounts.

Head of the committee MP Musallam Al-Barrak regretted that the governor and his aides refused to provide the documents that the panel had demanded, saying they are not immune and their rejection is not in line with the constitution or the law.

The panel was formed in mid-March by the Assembly to investigate allegations that around KD 100 million was illegally deposited into the accounts of 13 former MPs, a scandal that led to the resignation of former prime minister Sheikh Nasser Al-Mohammad Al-Ahmad Al-Sabah last November. Barrak said Central Bank officials refused to provide the committee with the amount of cash deposited into the accounts of members of the previous Assembly and the Cabinet in addition to their close relatives without giving their names.

The committee wanted to establish if the bank accounts of some former MPs had received huge illegal deposits. Barrak also said that the Central Bank refused to provide copies of the correspondence between the Central Bank and local banks regarding the illegal deposits.

Last year, the public prosecution launched an investigation into the allegations and questioned 13 former MPs. They are all free on bail pending further investigation. Barrak accused the Central Bank governor of trying to protect those who violate the law, saying that the committee will hold a meeting next week to determine how to deal with the governor and called on the government to shoulder its responsibility.

In another development, the court of misdemeanours yesterday acquitted five officers from the special forces of charges of beating MP Obaid Al-Wasmi during a public rally in December 2010. The court said that the officers were exercising orders they had received from their commanders who were implementing instructions by HH the Amir to prevent rallies outside homes or diwaniyas. Wasmi however reacted angrily to the ruling, sharply criticizing the verdict and insisting that it was not in line with Kuwaiti law. Wasmi said that he respects the law and all verdicts issued on its basis but “this one is not a verdict and cannot be an implementation of the law. In brief, I will not accept a judiciary that issues verdicts in this way”.

Also, 13 Kuwaiti MPs, most of them Islamists, yesterday appealed to Saudi King Abdullah bin Abdulaziz to take the necessary measures to rescue the Syrian people from the bloody crackdown of the regime of President Bashar Al-Assad.
 
Aviation safety a top priority: Al Baker
Source : The Peninsula  
Date : 2013-05-22
Qatar Airways Chief Executive Officer Akbar Al Baker has said the country was looking forward to moving to Hamad International Airport this year....
Railway project needs up to 35,000 workers
Source : The Peninsula  
Date : 2013-05-22
Qatar’s $40bn integrated railway project will employ up to 35,000-strong labour force, a Qatar Rail official has said....
Vodafone profit plunges on eurozone crisis
Source : The Peninsula  
Date : 2013-05-22
British mobile phone giant Vodafone yesterday reported a 90-percent plunge in annual net profit after taking a vast impairment charge relating to poor business in debt-laden eurozone nations Italy and...
Batelco CEO leaves, former boss steps in
Source : The Peninsula  
Date : 2013-05-22
Bahrain Telecommunications Co (Batelco), which has suffered a sustained profit slump, said Sheikh Mohamed bin Isa Al Khalifa had quit as chief executive and his predecessor would temporarily re-take...
Iran moves to impose steep export duty on iron ore
Source : The Peninsula  
Date : 2013-05-22
Iran’s government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in sales to China, aiming to replace revenue from...
Visiting Australian minister discusses business with QBA members
Source : The Peninsula  
Date : 2013-05-22
The visiting Foreign Minister of Australia, Bob Carr, met with the members of the Qatari Businessmen’s Association (QBA) to discuss investment opportunities in the resource-rich Australia....
Mannai opens showroom in Istanbul
Source : The Peninsula  
Date : 2013-05-22
Mannai Automotive Group, the distributor of General Motors cars in Qatar, has opened a Chevrolet showroom and service facility in Istanbul (Turkey) through its subsidiary GTC 'Chevrolet Global', the latest...
Iran stops wheat exports to avert illegal sales
Source : Tehran Times  
Date : 2013-05-22
The trade Promotion Organization of Iran has sopped exports of wheat in a bid to curb illegal selling of wheat at high prices to western neighboring countries by profiteers, the...
Productivity 'to play vital role in growth'
Source : Gulf Daily News  
Date : 2013-05-22
Boosting productivity, particularly in tradable sectors such as manufacturing, should be at the centre of sustained economic growth in Bahrain, a leading economist said....
IMF gives Saudi Arabia high praise, but ...
Source : Saudi Gazette  
Date : 2013-05-22
The report on the Saudi economy just released by the International Monetary Fund is glowing, pointing out, as it does, that since 2008 to the end of the last year,...
Hedge funds back to selling gold after market boost
Source : Gulf Times  
Date : 2013-05-22
Hedge funds and other big speculators in commodities have started selling gold in a big way, according to trade data, just a month after they had supported the precious metal...
Sultanate to host first women's empowerment conference in June
Source : Oman Daily Observer  
Date : 2013-05-22
empowerment and advancement of Omani women is one of the top national priorities in the Government of Oman's Vision 2020 which outlines the role of the Government in strengthening the...
Call to regulate 'out of control' Internet
Source : The Peninsula  
Date : 2013-05-22
Experts discussing digital media trends at a key forum here yesterday said the Internet had become 'out of control' and there was the need to regulate it, particularly in the...
Dar Al Arkan issues sukuk
Source : Gulf Daily News  
Date : 2013-05-22
Saudi developer Dar Al Arkan has launched a $450 million five-year Islamic bond offering, a document from lead managers said yesterday, in the real estate firm's first international bond sale...
Indian firm wins Saudi plant deal
Source : Gulf Daily News  
Date : 2013-05-22
State-run Saudi Aramco has awarded India's Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gasfield, state news agency SPA reported....
ACE appoints manager for Mena region
Source : Gulf Daily News  
Date : 2013-05-22
ACE Group has announced the appointment of Nikhil Soman as financial lines underwriting manager for its Middle East and North Africa (Mena) business....
Arabtec projects 'are still on track despite strike'
Source : Gulf Daily News  
Date : 2013-05-22
Arabtec, Dubai's largest construction firm, yesterday said the delivery of projects was unaffected by what it called a partial labour stoppage, adding it was working with authorities in the UAE...
Flexible exchange rate urged
Source : Gulf Daily News  
Date : 2013-05-22
Qatar and other Gulf states should consider moving to a more flexible exchange rate from long-entrenched pegs to the US dollar, to better manage inflation risk in the next decade,...
Wider health insurance cover for Sharjah govt employees
Source : Khaleej Times  
Date : 2013-05-22
All Emirati government employees and their dependents in Sharjah will receive equal levels of health benefits under a new comprehensive health insurance scheme starting next month....
Pioneer highlights key role of public relations
Source : Gulf Daily News  
Date : 2013-05-22
The important role of public relations (PR) in the future of the Arab world and for new leaders has been highlighted by a regional industry pioneer....
Total 469 Results in 24 Pages
  6 
For more news, views and reports about this topic, please subscribe
to GRC website: www.grc.ae
Thu May 23, 2013| 13-رجب-1434هـ
Salman, Erdogan discuss Mideast
IDB increases its capital from $ 45 bn to $ 150 bn
Iran speeds up installation of nuclear equipment: IAEA
UAE adds power to mobile broadband
Kerry warns Syria's Assad against rejecting political solution
Iraq aims to boost oil output
Saudi Foreign Minister says Iran indulging in deception
Slow progress of projects puts Kuwait stock boom at risk
Iraqi PM orders army shake-up after attacks
New GCC tobacco tax could fuel growth of illicit trade
Bahrain spots Iranian drone in its airspace
SAMA considers regulating mortgage rates
Ahmadinejad to fight ally's poll ban
Arabtec workers end strike
Kuwaiti speaker insists no political crisis
Qatar bourse back on positive trajectory
    Newspaper Editorials
Pyongyang's Beijing route
US immigration deal
More>>  
    Opinions
All-Out Civil War in Iraq?
Ghosts of Iraq
More>>  
    GCC Press Agencies
Day's main stories from the GCC Press Agencies
    Reports
US Goals and Strategies toward the Arab World
More>>  
    Bank Reports
GCC Central Banks Digest - March 2013 - Update
Saudi Chartbook - May 2013
More>>  
    GRC Analysis
Building a Strong Saudi-Japan Relationship
Poor Gulf: Inequality and the Lack of Statistics
Whither GCC-US Relations?
    GRC Commentary
On Relations between Rulers and Citizens: The Need for a New Social/Political Contract in the GCC States
Key Issue Facing the Saudi Ruling House.
    GRC Book Review
Beyond Regionalism? Regional Cooperation, Regionalism and Regionalization in the Middle East
India, GCC and the Global Energy Regime: Exploring Interdependence and Outlook for Collaboration.
    GRC Press Release
Gulf Research Center press releases to the media
    GRC Publications
Asia-Gulf Economic Relations in the 21st Century: The Local to Global Transformation
Assessment of the Security Situation in Iran, Iraq, Yemen, Syria and the Arab Gulf States
China in the Eyes of the Saudi Media
    GRC Newsletters/Bulletins

Enter your email to get the Newsletter
Go
      
Privacy Policy | Contact Us | Terms & Conditions | About Us |
Weather | Qibla Directions | Hijri Date Conversion Tool
Full Page :total time:0  |   09-- 09 Middle Page :0  --   | Right : 09 - 09--en--sess-enreq-en-coming