Minister of Industry reveals the largest manipulation of public funds and stop wasting (418) billion dinars

The Minister of Industry and Minerals Mohamed Shiaa al-Sudani revealed the corruption and manipulation of state funds after reviewing and auditing the investment contract concluded between the General Company for North Fertilizers and the First International Investment Company.

"The investment contract was signed in April 2009 between the General Company for North Fertilizers and the Immigration Company for Trade, which in turn transferred the rights and obligations to the First International Company under the Companies Law No. (21) of 1996," al-Sudani said in a statement received by " , Indicating that "the obligations of the investor under the contract include the rehabilitation and modernization and development of production lines, machinery, equipment, machinery and services in a manner that achieves the design capacity during the period specified in accordance with the operational plan of operation and management and operation of the administrative, technical and service activities with the processing and transport of raw materials, All workers in the lab and pay their salaries and allowances and training according to competence. "

He added that "the contract period amounted to (15) years and extended the amount of delay resulting in the case of apparent defects during the rehabilitation period in addition to the contract required the investor to equip the General Company for fertilizers by (38.5)% of the production capacity to be achieved in the first stage and when production design capacity (525) thousand tons of nitrogen fertilizers and in the event of reaching an agreement between the parties when achieving maximum energy, the share of the General Company for fertilizers of production will be (38.5% + 15%) of the difference between maximum energy and design energy.

Al-Sudani added that "the terms of the investment contract were formulated in an insidious manner without saving the company's rights and carrying the General Company for Fertilizers losses and damage to the company invested as a result of the gas cut, although the process of interruption outside the will of the ministry and not specifying a period to address the apparent defects, The investor in case of violating the terms of the contract in addition to bearing the General Company for the northern fertilizer pay salaries for six months, although not in the investment file as well as not provide the investor letters of guarantee.

He pointed out that "the company stopped production for the period from 1/4 to 1/6/2013 due to maintenance work and remained suspended after this date because of the interruption of gas supply to the existence of dues on the company for the account of the pipeline company amounted to (21) billion dinars and remained stalled by the seizure of gangs In mid-April 2014 to 21/10/2015 and still not ready for operation at present. "

Al-Sudani stressed that "after reviewing and auditing the investment and participation contracts concluded by the Ministry during the previous years within the reform plans adopted and the necessary investigations by the Office of the Inspector-General on irregularities in the investment contract concluded between the General Company for Northern Fertilizers and the first global investment company, The right to obtain their rights from the invested company and the waste of those rights in the judicial decision issued in its favor and acquired the determinative degree in addition to recording the state of inaccuracy in calculating the debts incurred by the company invested Mazbb wasting money. "

He pointed out that "the investor has already filed a lawsuit in the courts to claim his entitlements incurred by the company and has received a court ruling for (110) billion dinars of these receivables."

He pointed out that "the General Company of Northern Fertilizers immediately disbursed the first batch of these receivables amounting to JD 4 billion based on the judgment issued and after the diagnosis of cases of fraud and corruption suspicions in the investment contract, issued an order to stop the disbursement of the first batch and refer the whole subject to the Office of Inspector General of the Ministry and the Integrity Commission for the purpose of auditing and conducting the necessary investigations. "

He pointed out that "the investigations and audit procedures that have been proved to be a process of manipulation and suspicions of corruption and complicity between the two companies, where the investigation has reached the amount of (418) billion dinars as the entitlements to the General Company for the northern fertilizer by the investor, stressing at the same time that the audit procedures and audit of the investment contract concluded Between the General Company for the manufacture of northern fertilizers and the global investment company prevented manipulation and waste of public funds and the referral of those involved to the judiciary under the arrest warrants and seizure of funds issued against the investor Suhaib Mohammed Abdullah al-Ani and Chairman and members of the Board of Directors General Company for North Fertilizers ".

Al-Sudani stressed that "the ministry is continuing its plans and corrective and corrective measures to detect cases of corruption in previously concluded contracts and work to cancel these contracts and refer the spoilers to the judiciary and establish clear and transparent controls when the conclusion of new contracts to reduce waste of public funds and fight corruption and corrupt.

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