Received documentation for execution integrity inquiry by international accounting firm being review

On December 20, 2013, Governor Holiday sent invitations to tender to four New York based accounting firms, inviting them to participate in the tender which is to result in the engagement of one of the firms to conduct the integrity inquiry.

Based on the invitation to tender responses were received on Friday January 17, 2014 and the proposed documentation is currently being reviewed by the Steering group Integrity inquiry to advise the Governor regarding the awarding of the contract for the execution of the inquiry.

The contracted accounting firm to execute the inquiry, will issue an interim progress report within three months and the final inquiry report of its findings and recommendations within six months of its engagement to the Governor. The process of the integrity inquiry will conclude with the presentation of the final report to the Kingdom Council of Ministers by Governor Holiday.

Further information and developments regarding the inquiry will be made public by the Governor through the Cabinet of the Governor.