RIYADH: The Saudi Electricity Co. (SEC) on Tuesday said it was instrumental in discovering alleged irregularities in its departments in the Eastern Province.
The National Anti-Corruption Commission (Nazaha) has accused some SEC executives and employees in the Eastern Province of misusing public funds.
Nazaha referred its investigation results regarding financial and administrative irregularities to the Bureau of Investigation and Public Prosecution, according to a statement on Nazaha’s website.
The Kingdom’s anti-corruption body said it found irregularities in eight contracts worth more than SR80 million ($21.3 million), which were intended to purchase licenses to implement an electronic program to unify SEC systems.
The irregularities included the purchase of licenses without providing a feasibility study, a mechanism to determine the number of licenses, or a detailed list of certified prices. The accused employees also allegedly provided false information to justify the signing of the contracts worth SR80 million.
The SEC told Arab News it wants to reaffirm its full cooperation with all concerned parties. “The company internal auditing bodies have discovered the remarks and their implications, and formed several specialized committees to look into the subject,” the SEC said.
“In consideration of the principle of transparency and full cooperation, the concerned authorities have been provided with all relevant details and information for the sake of investigation.”
The National Anti-Corruption Commission (Nazaha) has accused some SEC executives and employees in the Eastern Province of misusing public funds.
Nazaha referred its investigation results regarding financial and administrative irregularities to the Bureau of Investigation and Public Prosecution, according to a statement on Nazaha’s website.
The Kingdom’s anti-corruption body said it found irregularities in eight contracts worth more than SR80 million ($21.3 million), which were intended to purchase licenses to implement an electronic program to unify SEC systems.
The irregularities included the purchase of licenses without providing a feasibility study, a mechanism to determine the number of licenses, or a detailed list of certified prices. The accused employees also allegedly provided false information to justify the signing of the contracts worth SR80 million.
The SEC told Arab News it wants to reaffirm its full cooperation with all concerned parties. “The company internal auditing bodies have discovered the remarks and their implications, and formed several specialized committees to look into the subject,” the SEC said.
“In consideration of the principle of transparency and full cooperation, the concerned authorities have been provided with all relevant details and information for the sake of investigation.”
