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Black money" fuels the investment stock exchange.. Countries that flourished with Iraq's looted money
Politics | Today, 11:00 |
Baghdad today - Baghdad
Today, Thursday (July 25, 2024), former MP Manar Abdul Muttalib identified the features of
black money in the Iraqi Investment Stock Exchange, indicating that
this money stolen from the Iraqi treasury has revived the economies of several countries.
Abdel Muttalib said in an interview with "Baghdad Today",
"There is no accurate figure on the amount of money looted in Iraq after 2003, but
all indicators indicate that it is hundreds of billions of dollars, some of which were smuggled abroad and others were transferred to support the building of economic wings for parties, forces, and companies." She added,
"The investment environment in Iraq is going against the trend in the world, in that anyone who has $100,000 can invest in a project worth $100 million.
This is a paradox, especially since the state is providing land for free, and it is investing in customers' money, especially in housing projects, which represent a fertile environment for attracting... "Money." Abdul Muttalib pointed out that
black money (referring to corrupt and plundered money) “is present in all sectors, including investments,
but the possibility of detecting it is difficult and complicated because there is no money in the names of politicians.
However, seeing the level of prosperity and opulence and comparing it with their situation years ago gives an indication of the extent of corruption.”. She explained that
"corrupt money smuggled to neighboring countries and was put into large investment projects that revived the economies of several capitals, to the point that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq's money
because they benefited in different ways," indicating that
"searching for Iraq's previous money is difficult."
But what is most important is to reconsider the investment file,
bring it within a scope that serves the country’s economy, and
adopt serious steps to combat corruption in order to preserve the remaining wealth of the country.”
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Politics | Today, 11:00 |
Baghdad today - Baghdad
Today, Thursday (July 25, 2024), former MP Manar Abdul Muttalib identified the features of
black money in the Iraqi Investment Stock Exchange, indicating that
this money stolen from the Iraqi treasury has revived the economies of several countries.
Abdel Muttalib said in an interview with "Baghdad Today",
"There is no accurate figure on the amount of money looted in Iraq after 2003, but
all indicators indicate that it is hundreds of billions of dollars, some of which were smuggled abroad and others were transferred to support the building of economic wings for parties, forces, and companies." She added,
"The investment environment in Iraq is going against the trend in the world, in that anyone who has $100,000 can invest in a project worth $100 million.
This is a paradox, especially since the state is providing land for free, and it is investing in customers' money, especially in housing projects, which represent a fertile environment for attracting... "Money." Abdul Muttalib pointed out that
black money (referring to corrupt and plundered money) “is present in all sectors, including investments,
but the possibility of detecting it is difficult and complicated because there is no money in the names of politicians.
However, seeing the level of prosperity and opulence and comparing it with their situation years ago gives an indication of the extent of corruption.”. She explained that
"corrupt money smuggled to neighboring countries and was put into large investment projects that revived the economies of several capitals, to the point that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq's money
because they benefited in different ways," indicating that
"searching for Iraq's previous money is difficult."
But what is most important is to reconsider the investment file,
bring it within a scope that serves the country’s economy, and
adopt serious steps to combat corruption in order to preserve the remaining wealth of the country.”
[You must be registered and logged in to see this link.]
