Auditor general criticises Cyprus Hydrocarbons Company salaries

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Auditor general criticises Cyprus Hydrocarbons...
 © CyprusMail 2018
Auditor-General Odysseas Michaelides on Friday said the board of the Cyprus Hydrocarbons Company (CHC) had acted with total disrespect for the practices of the rest of the public sector by forking out huge amounts of cash on high salaries and benefits without the approval of competent ministries and despite having not generated any proceeds yet.

The audit office report on the CHC for the period between October 2013 and December 31 2016 said that the way the company handles staff matters ‘is unacceptable and leads to the ongoing squandering of public money’.

Speaking to state...


Auditor general criticises Cyprus Hydrocarbons Company salaries


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