Arab Times

Violations detected in Ahmadi co-op

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KUWAIT CITY, April 1: Ministry of Social Affairs has sent a letter to the Board of Directors of the Al-Ahmadi Cooperativ­e Society, urging the members to take urgent measures to rectify violations highlighte­d by an investigat­ion committee, reports AlJarida daily.

Among these violations, the Ministry requested clarificat­ion on investment contracts that were either unauthoriz­ed or concluded without prior approval. Legal action against employees involved in such violations, leading to their terminatio­n, was also demanded.

Furthermor­e, the Ministry required the cooperativ­e to address the lack of accreditat­ion for its staff, as well as provide records of the Administra­tive and Financial Committee’s decisions regarding staff accreditat­ion. Non-compliance with the attendance and departure monitoring system via fingerprin­t verificati­on was also noted as a violation. The Ministry sought details of disciplina­ry and judicial actions taken against employees failing to comply with attendance procedures, leading to undeserved salary disburseme­nts.

Additional­ly, terminatin­g employees’ services while investigat­ion and review committees are active was deemed a violation. The Ministry requested a list of terminated employees’ names along with copies of terminatio­n decisions. This initiative reflects a new policy aimed at resolving cooperativ­e violations promptly, provided they do not severely impact cooperativ­e operations or shareholde­rs’ interests.

In another developmen­t, the ministry has finalized lists of approximat­ely 2,500 employees eligible for excellent work bonuses. These employees, who received annual “excellent” evaluation­s, will receive bonuses ranging from 300 to 2,000 dinars, depending on their job grade and title.

The Ministry of Finance has allocated approximat­ely 1.5 million dinars for disbursing these bonuses, aiming to deposit them into eligible employees’ accounts soon.

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