Home
Parliamentary Finance: the corruption of the previous Government of Iraq has cost $ 360 billion
APRIL 30, 2015
Finance Committee revealed in the Iraqi parliament for the country's loss of about $ 360 billion, due to corruption and money-laundering operations, held for 9 years and in the period between 2006 and 2014, in which former Prime Minister Nuri al-Maliki ruled the country, with specialists student referral al-Maliki to crack for theft and waste of public money.
A member of the Finance Committee in the Iraqi Parliament Msaudhaidar, at a press conference in Baghdad, said that 'Iraq's imports from the sale of oil since 2006 until 2014, amounted to about $ 550 billion, and 60% of that amount, or about $ 360 billion, was sold at auction Currency in Baghdad organized by the Central Bank of Iraq, was transferred out of the country by civil companies and banking offices in mysterious circumstances'.
Masood added that Iraq these funds lost due to corruption and money laundering, where the eligibility of banks to buy currency and transfer abroad under the pretext of buying goods and goods which are not up to Iraq only a little, and any investment returns does not appear on the reality of the Iraqi service '.
Masood noted that someone unknown has purchased foreign currency from the auction and the transfer of $ 550 million dollars out of the country within one year, as an example of corruption in the country operations.
And actions taken by the Commission against Corruption operations, Masood said he will form a committee to follow up the money laundering and smuggling operations abroad, stressing that the stop manipulation would raise the value of the Iraqi dinar against the dollar.
For her part, member of the Finance Committee parliamentary Nora Albjara for the 'new Arab' that 'there is a great waste of public money and corruption that afflict thousands of projects, and we are working in the Parliament on the follow-up where these billions gone ?, noting that' the Iraqi currency exchange rate suffers from low against the dollar. "
She added that 'the Commission will follow up the work of the central bank and the amounts of money that are sold, in addition to the follow-up work of the government and private banks that sell large quantities of the dollar', noting that the stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar '.
He accused the head of the Iraqi dinar to the issues of organization of the local economy (non-governmental) Ahmed Abdul Salam, former Prime Minister Nuri al-Maliki of squandering funds Iraq and harness some of the political issues.
Abdul Salam explained that lost that money, mostly from oil imports, which al-Maliki was responsible for the dossier, pointing out that the money smuggling to Iran saved it from the blockade imposed on it internationally, and the face of accusations that the owners of the financing side of Assad's crimes, calling for presenting to eliminate charges of waste of Iraqi funds.
The earlier report of the Finance Committee of Parliament, stressed that the majority of projects approved by the Maliki government turned out to be fake, mostly grants to his relatives and friends, and the size of the financial waste that was during his reign amounted to $ 109 billion.
Iraq and subjected to systematic theft by political figures and officials in the previous government, according to economic analyst Majid Ahmed for the 'new Arab'.
And announced the Development Fund for Iraq which was formed in 2004 by a decision of the United Nations, that the fund balance reached $ 165 billion in 2009, and this revenue was prone to corruption, where the disappeared, including $ 17 billion in 2003 and another $ 40 billion in 2010, and trimmed corruption cases these balances to $ 18 billion only in 2012 '.
Ahmed explained that 'there are billions of dollars in remittances were transferred to Syria and Iran, which is reflected on the release of the foreign currency in the Iraqi financial market decline and the decline in the level of Iraqi currency markets for the benefit of the dollar. .
[You must be registered and logged in to see this link.]
APRIL 30, 2015
Finance Committee revealed in the Iraqi parliament for the country's loss of about $ 360 billion, due to corruption and money-laundering operations, held for 9 years and in the period between 2006 and 2014, in which former Prime Minister Nuri al-Maliki ruled the country, with specialists student referral al-Maliki to crack for theft and waste of public money.
A member of the Finance Committee in the Iraqi Parliament Msaudhaidar, at a press conference in Baghdad, said that 'Iraq's imports from the sale of oil since 2006 until 2014, amounted to about $ 550 billion, and 60% of that amount, or about $ 360 billion, was sold at auction Currency in Baghdad organized by the Central Bank of Iraq, was transferred out of the country by civil companies and banking offices in mysterious circumstances'.
Masood added that Iraq these funds lost due to corruption and money laundering, where the eligibility of banks to buy currency and transfer abroad under the pretext of buying goods and goods which are not up to Iraq only a little, and any investment returns does not appear on the reality of the Iraqi service '.
Masood noted that someone unknown has purchased foreign currency from the auction and the transfer of $ 550 million dollars out of the country within one year, as an example of corruption in the country operations.
And actions taken by the Commission against Corruption operations, Masood said he will form a committee to follow up the money laundering and smuggling operations abroad, stressing that the stop manipulation would raise the value of the Iraqi dinar against the dollar.
For her part, member of the Finance Committee parliamentary Nora Albjara for the 'new Arab' that 'there is a great waste of public money and corruption that afflict thousands of projects, and we are working in the Parliament on the follow-up where these billions gone ?, noting that' the Iraqi currency exchange rate suffers from low against the dollar. "
She added that 'the Commission will follow up the work of the central bank and the amounts of money that are sold, in addition to the follow-up work of the government and private banks that sell large quantities of the dollar', noting that the stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar '.
He accused the head of the Iraqi dinar to the issues of organization of the local economy (non-governmental) Ahmed Abdul Salam, former Prime Minister Nuri al-Maliki of squandering funds Iraq and harness some of the political issues.
Abdul Salam explained that lost that money, mostly from oil imports, which al-Maliki was responsible for the dossier, pointing out that the money smuggling to Iran saved it from the blockade imposed on it internationally, and the face of accusations that the owners of the financing side of Assad's crimes, calling for presenting to eliminate charges of waste of Iraqi funds.
The earlier report of the Finance Committee of Parliament, stressed that the majority of projects approved by the Maliki government turned out to be fake, mostly grants to his relatives and friends, and the size of the financial waste that was during his reign amounted to $ 109 billion.
Iraq and subjected to systematic theft by political figures and officials in the previous government, according to economic analyst Majid Ahmed for the 'new Arab'.
And announced the Development Fund for Iraq which was formed in 2004 by a decision of the United Nations, that the fund balance reached $ 165 billion in 2009, and this revenue was prone to corruption, where the disappeared, including $ 17 billion in 2003 and another $ 40 billion in 2010, and trimmed corruption cases these balances to $ 18 billion only in 2012 '.
Ahmed explained that 'there are billions of dollars in remittances were transferred to Syria and Iran, which is reflected on the release of the foreign currency in the Iraqi financial market decline and the decline in the level of Iraqi currency markets for the benefit of the dollar. .
[You must be registered and logged in to see this link.]
