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#Scandals in #Yemen – 2005 – Privatization of the General Corporation for increasing genetically improved seeds – any more info on this?

 Written By: Hasan Al-Zaidi ( YEMEN POST STAFF )   
Article Date: February 18, 2008 

A report by Agriculture, Irrigation and Fish Wealth Committee at Parliament revealed gross violations by the Supreme Committee for Privatization while selling the General Corporation for increasing genetically improved seeds as the real value was estimated at YR 1.8 billion while it was sold for YR 78.5 million with a difference of YR 1.3 billion.

The report demanded the Public Money Prosecution to act against some Ministry of Agriculture affiliates and Hadramout Deputy Governor for Wadi and Desert Affairs under corruption charges.

The corporation which was established in 1998 as a public company at a capital of YR 75 million and stretches over 6303 m2 was sold to Yemeni businessman Mohammed Al-Hadad.

In 2005, Hathramout members of parliament submitted a complaint to parliament demanding restoration of the corporation and abrogation of the selling operation; however, no action has been taken since then.

Ministry of Agriculture and Irrigation is one of the ministries famous for rampant corruption especially in the Provinces Development Authority as is the case with Eastern Provinces Development Authority whose officials were accused of plundering YR 400 million together with $ 20 million under Desertification Fighting Program.

The officials of the authority now own villas and real estates in Sana’a whose total value reaches millions of dollars.


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Exposing the corruption in Yemen


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