Parliamentary Finance reveal "mathematical tricks" in Maysan oil to increase the prof
Parliamentary Finance reveal "mathematical tricks" in Maysan oil to increase the profits of foreign companies
Baghdad / Ali Abdul Wahid
Revealed in a parliamentary finance committee member, on Sunday, for "mathematical tricks" adopted by the Maysan Oil Company to increase the profits of foreign companies in exchange for the loss of Iraq "financially", and as pointed out that the regulatory bodies in the company turn a blind matter what happens as "one of the beneficiaries," He confirmed that the Commission will host the director of Maysan company, next Wednesday, to find out those details.
Said Finance Committee member Magda Tamimi, during a press conference held in the parliament building and attended (range Press), said that "some of the departments of Maysan Oil Company resort to accounting tricks in order to increase the profits of foreign companies at the same time in order to raise incentives attributed to the company's employees," indicating "after reading the final accounts for the Missan oil Co. holding licensing rounds Ahalfawih own field, we discovered serious things from a financial point lead to increase the profits of the oil companies in exchange for the loss of Iraq."
Tamimi added that "companies rely on pricing called Policy (Coast Plus) which means that the more expenses Enlarge profit size, and thus deliberately to increase their expenditures in order to increase the size of their profits," pointing out that "the internal control services company, is turning a blind matter what is happening operations financial scam being a beneficiary. "
She explained a member of the Finance Committee that "those accounts approved contribute to the lifting of incentives to the company's employees by 33% and the higher corporate profits will rise with it and are proportional values of those incentives," pointing out that "the Finance Committee will host the director of Maysan company, next Wednesday, to show those things and stand on those the details". The deputy from the province of Maysan, carried in the (26 February 2016) and the Ministry of Oil and Missan Oil Co., responsible for not accounting Petro Gina Chinese company for not accumulated Bzmtha financial dues amounting to thirty million dollars, while carrying the Provincial Council, (390 km south of Baghdad), the responsibility of the parties themselves suspicions that affect the oil companies appointment file.