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Basra is facing the widespread problem of front companies
1.4.2012 | (Voice of Iraq) - Add comments - Basra - Ahmad Vahid - Dar Al-Hayat revealed political and economic views in the province of Basra in Iraq, the proliferation of fake companies in several areas and commercial banking. The head of the Federation of Iraqi businessmen where Sabih al-Hashemi said in a statement to «life»: «deployed in Basra, a number of front companies, not established in accordance with official controls and legal, but through methods crooked. and warned the province and its board repeatedly from these companies, in which most were not parent companies, which claimed, but hiding behind the entry documents and letters forged, and that is what happens with a number of civil society organizations phantom that have programs and private agendas ». He added: «I found these companies through committees formed, also contributed to the follow-up to the legal procedures for companies that entered and served papers and forged documents, as issued Provincial Council resolutions to stop work and prosecution in Iraqi courts and prosecution ». and stressed the need to «local government is taking legal action against the owners of these companies to ensure the implementation of future projects accurately and efficiently, as the Basra Governorate Council at its previous session included some of the companies on the blacklist, but the front companies were not among them ». The Chairman of the Economic Development Committee in the provincial council, Mahmoud Taan that «fake companies put on the black list, and we asked all the concerned authorities to stop dealing with them and expose in the media,» he said, adding that «the dangerous precedent that gets in the province of Basra, and we demand to activate the black lists of companies and prosecution». He revealed that «some local companies based in foreign companies is solid interfaces and mock them in order to circumvent one of the decisions of the Council, which prevents local government from contracting with local companies to implement projects costing more than four billion dinars» (3.4 million). A member of the National Alliance Abdul-Hadi al-Hassani: «cracking down on contractors and Iraqi businessmen and not allow them to compete with foreign companies, Adfanam to handle errors errors larger in order to operate their companies», stressing that «the use of foreign companies as a front is unacceptable and has negative repercussions on the economy and should be punished local companies involved in these practices ».
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