Audit orders Iran’s former president Mahmoud Ahmadinejad to return $1.1 billion to treasury

October 19, 2017 2:46 pm
’s former president Mahmoud Ahmadinejad has been found responsible for causing as much as $1.1 billion in damages to national wealth for mishandling the trade of hydrocarbon products.  
A top Iranian state audit agency says it has found the country’s former president Mahmoud Ahmadinejad responsible for causing as much as $1.1 billion in damages to national wealth through imports of unauthorized gasoline as well as unsettled sales of hydrocarbon products to domestic clients.   
Iran’s IRNA agency quoted a report by the State Audit Department of Iran as announcing that Ahmadinejad would be responsible for returning a total of Rials 46 trillion ($1.1 billion with each dollar at an average current market rate of Rials 40,000) to the Treasury from the revenues of the National Iranian Oil Company (NIOC). However, the mechanism for doing so has not been specified. 
The amount, it said, pertained to a series of cases of failures and unauthorized decisions by the former president in handling the trade activities of the NIOC – mostly during his second term in office (2009-2013). 
The Department said those cases included imports of gasoline and gasoil which it said had been carried out beyond the country’s needs and without obtaining the required authorizations from the related institutions from 2008 to 2012.
Other cases included the failure of Ahmadinejad’s government to receive payments from sales of condensates to petrochemical plants as well as payments for sales of hydrocarbon products from the NIOC.
One specific case included the failure by his government to receive payments from sales of crude oil delegated by the NIOC to Iran’s police at a total amount of Rials 6 trillion ($150 million with each dollar at an average current market rate of Rials 40,000).
The above payments, the report added, were expected to be settled through mechanisms envisaged in the budget bill for the Iranian calendar year of 1387 (21 March 2007-2008). However, Ahmadinejad’s government failed to do so and the damages to the national wealth thus aggravated over the next years.    
The State Audit Department is affiliated to Iran’s Parliament and supervises the performance of state institutions in spending national budget allocations.
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