Dr. Al-Huwailah disbands Coop Union Board due to financial and administrative misconduct.
Dr. Amthal Al-Huwailah, the double-hatted Minister of Social Affairs and Minister of Family and Childhood Affairs, has made headlines after a ministerial resolution to dissolve a board of directors. The targeted board belongs to the Union of Consumer Cooperative Societies, due to alleged financial and administrative irregularities.
This revelation comes following the findings of a special committee formed to investigate the operations and finances of these cooperative societies. More specifically, the committee was probing the sale of fresh agricultural products under the "Taawun" label, which raised suspicions of potential profiteering.
To address the crisis, Abdulaziz Al-Mutairi has been appointed as the interim director, taking charge for an interval of one year or until a new board is elected. The former board is required to relinquish all assets, documents, and responsibilities within a week of the decision's release.
While these developments occur in an unspecified nation, there seem to be no concurrent events concerning the dissolution of boards or the appointment of interim directors within consumer cooperative societies across India, the UK, or worldwide cooperative movements, including the International Cooperative Entrepreneurship Think Tank (ICETT) and the National Cooperative Business Association (NCBA CLUSA).
Stay tuned for more updates on this ongoing saga of financial improprieties within cooperative societies, as details about the specific country involved continue to unfold.
The special committee's investigation into the Union of Consumer Cooperative Societies uncovered financial and administrative irregularities, specifically focusing on the sale of fresh agricultural products under the "Taawun" label, raising concerns of potential profit-making. In response, Dr. Amthal Al-Huwailah, holding dual positions as Minister of Social Affairs and Minister of Family and Childhood Affairs, has initiated a ministerial resolution to dissolve the board of the Union, thereby appointing Abdulaziz Al-Mutairi as the interim director to address the crisis.
