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With a rate starting from 25%...the Money Recovery Fund promises its violators who cooperate with it to exempt them with a percentage of the refunds
PM:07:21:29/10/2023
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The Parliamentary Integrity Committee confirmed today, Sunday, that the
operations to recover smuggled funds are not at the required level, while it sent an invitation to the competent government agencies. Committee member Jamil Al-Hadidi added,
“There has been a government movement during the recent period to recover smuggled funds, and
the government was able to return a small portion of that money, and
therefore the operations to recover smuggled funds are not at the required level.” He explained that
"the volume of funds smuggled from corruption and other operations is very large, and
there is no accurate statistics for the size of all these amounts, and comparing the funds that were recovered with the amount of corruption shows that it is very small, and
therefore the relevant government agencies must intensify their efforts in order to return these funds." Announcing accurate statistics on the amount of money smuggled from Iraq.”
The Iraqi government is seeking to recover the file of funds smuggled abroad, based on a reward announced last year, which is a method that was not used by previous governments, with the hope that it will reach the hundreds of billions that were stolen from official departments and institutions, and what was covered under the titles of projects, investments and deals,
Not to mention the embezzlement of funds allocated to feed the ministries since 2003, which parliamentary committees and observers estimated at about $450 billion.
The "Iraq Assets Recovery Fund", an official body, called on all citizens, whether inside Iraq or residing outside it, to cooperate in order to recover Iraq's money and return it to the state treasury.
A statement from the Fund stated that
it “promises its violators to cooperate with it to exempt them from the amounts owed by them at a rate of (25%), up to a maximum of $5 million of the recovered money,” indicating that
“the Fund’s Board of Directors grants a reward to the informant at a rate of (10%), provided that it does not exceed $5. Millions of dollars in money recovered, and
in the event of multiple informants, rewards will be distributed in specific proportions to each of them, and according to the role of each of them in recovering the money.”
https://www/nrttv.com/ar/detail3/16763
PM:07:21:29/10/2023
572 views
The Parliamentary Integrity Committee confirmed today, Sunday, that the
operations to recover smuggled funds are not at the required level, while it sent an invitation to the competent government agencies. Committee member Jamil Al-Hadidi added,
“There has been a government movement during the recent period to recover smuggled funds, and
the government was able to return a small portion of that money, and
therefore the operations to recover smuggled funds are not at the required level.” He explained that
"the volume of funds smuggled from corruption and other operations is very large, and
there is no accurate statistics for the size of all these amounts, and comparing the funds that were recovered with the amount of corruption shows that it is very small, and
therefore the relevant government agencies must intensify their efforts in order to return these funds." Announcing accurate statistics on the amount of money smuggled from Iraq.”
The Iraqi government is seeking to recover the file of funds smuggled abroad, based on a reward announced last year, which is a method that was not used by previous governments, with the hope that it will reach the hundreds of billions that were stolen from official departments and institutions, and what was covered under the titles of projects, investments and deals,
Not to mention the embezzlement of funds allocated to feed the ministries since 2003, which parliamentary committees and observers estimated at about $450 billion.
The "Iraq Assets Recovery Fund", an official body, called on all citizens, whether inside Iraq or residing outside it, to cooperate in order to recover Iraq's money and return it to the state treasury.
A statement from the Fund stated that
it “promises its violators to cooperate with it to exempt them from the amounts owed by them at a rate of (25%), up to a maximum of $5 million of the recovered money,” indicating that
“the Fund’s Board of Directors grants a reward to the informant at a rate of (10%), provided that it does not exceed $5. Millions of dollars in money recovered, and
in the event of multiple informants, rewards will be distributed in specific proportions to each of them, and according to the role of each of them in recovering the money.”
https://www/nrttv.com/ar/detail3/16763
