Equate Petrochemical Company, Kuwait’s first international joint-venture in the sector, has rejected some recent social media posts and allegations as false accusations.

The company said in  statement that recently there have been statements, social media posts and text messages which included false allegations against the company and officials at the highest levels.

Equate president and CEO Mohammad Husain said: “It is clear that the initiators of these rumours are aiming at shaking the trust in the pillars of national economy by targeting one of Kuwait’s most successful companies, to harm its international status, in addition to the reputation of its entire staff.”

Husain said: “Through its board, executive management and all staff, Equate has and still maintains absolute transparency with all its employees and every official body. Equate is fully aligned with all laws and regulations in Kuwait as they are the basis of Equate's policies that ensure the integrity and professionalism of all conduct.”

Husain said: “The initiators of these rumours did not approach or attempt to approach official legal and regulatory bodies. That alone proves the invalidity of these rumours, as well as the realisation of their baselessness and lack of evidence by the initiators.”

He noted: “The company affirms that it will not disregard these false accusations. It will implement its legal rights to defend its reputation and status through pursuing all those involved in false claims and rumors before relevant authorities.” - TradeArabia News Service