Syria watchdog: Audit finds inflated rail contracts cost over 19 bln pounds ...Syria

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Syria watchdog: Audit finds inflated rail contracts cost over 19 bln pounds

Damascus, Jan. 4 (SANA) The Central commission for Inspection and Control said on Sunday that its oversight investigations revealed a corruption case at the Syrian Railways Corporation dating back to the ousted regime, with total financial damage estimated at more than 19 billion Syrian pounds.

In information provided to SANA, the commission said a regulatory audit of suspicious supply contracts within the railway body during 2023 and 2024 showed spare-parts procurement agreements priced with unjustified financial differentials.

    The investigations found, in one component of the case, collusion between employees in a directorate and a supplier, resulting in excess payments of about 13 billion Syrian pounds due to price discrepancies.

    The commission estimated overall losses at more than 19 billion Syrian pounds and said it had taken several measures to protect public funds, including imposing travel bans on those involved, obliging them to return misappropriated amounts, and referring the file to the judiciary.

    Separately, the commission said last month it uncovered financial corruption exceeding nine billion Syrian pounds during a recent inspection tour by one of its teams at the Syrian Grain Corporation, the case involved a minister from the ousted regime.

    Hence then, the article about syria watchdog audit finds inflated rail contracts cost over 19 bln pounds was published today ( ) and is available on SANA ( Syria ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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