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Bahrain investigates 'misuse of $1bn public money'

Bapco faces 14 alleged violations totalling BHD209m; Alba faces 24 allegations

Bahrain says over $1bn in public funds has been squandered.
Bahrain says over $1bn in public funds has been squandered.

Bapco and Alba have both been named in a probe investigating the alleged squandering of public money in Bahrain.

Probe committees have been set up to established the alleged squandering of BHD400 million detailed in a National Audit Control 2013-14 report which detailed allegations that the Health Ministry squandered funds (20 violations noted), as did the Foreign Ministry (19 violations; BHD3.8m), Education Ministry (12 violations; BHD4.4m), Transportation Ministry (one violation; BHD8.8m) and Culture Ministry (17 violations; BHD2.1m in squandered money and other unspecified and unaccounted for amounts).

The NAC report has also cited the Works, Municipalities and Urban Planning Affairs Ministry (two violations; BHD42m), the five municipal councils (five violations; BHD18m), the Jaffari Endowments (23 violations; BHD5.3m) and Sunni Endowments (23 violations; BHD3.3m).

Bapco faces 14 alleged violations totalling BHD209m, while Alba faces 24 alleged violations – though the amount in question was not divulged. Other companies named in the report include national carrier Gulf Air (14 alleged violations; BHD7m) and Banagas (25 violations totalling BHD38m.

In a statement issued yesterday (Saturday), parliament financial and economic affairs committee member Mohammed Al Ahmed said legislators would discuss key recommendations which would pave the way for quizzing ministers and setting up committees to investigate violations.

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