Industry cancel 41 contract for failure to perform

4 hours ago

BAGHDAD - The Journal News

The Minister of Industry and Minerals , "the agency" Mohammed Shia 'Al Sudani, the presence of the former financial irregularities of contracts with investment companies.

Sudan said in a press conference, today, in the ministry building, said the ministry I have indicated the presence of substantial observations involve legal, financial and administrative irregularities with a number of contracts that have been previously concluded with local and foreign investment companies.

Benin and there are 120 contract was concluded with investment firms, with investment budgets of previous years amounted to 3 trillion and 144 billion dinars, was supposed to see her reflection with the contracts concluded with investors.

He said the ministry used the Integrity Authority to form a dedicated team to investigate the files of corruption that occurred during the last period with direct all formations of the ministry to cooperate with the team, stressing that he will not tolerate employee or official is accused of corruption.

He noted the Sudanese that the ministry has formed a committee to review the previous contracts under which terminated 41 held meal initial absence of any implementation of it, with the request to re-launch these projects to invest again, noting that the ministry formed a team to check 75 contracts last a constant work in which to give a detailed achieve about these projects because of the lack of visibility around.

He said there are 15 new contract has been concluded with investment companies will also be reviewed in terms of legal requirements, if available, as well as the economic viability of these projects.

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