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The Central Bank Building Investigation Committee: 15 loopholes related to the executing company

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The Central Bank Building Investigation Committee: 15 loopholes related to the executing company Empty The Central Bank Building Investigation Committee: 15 loopholes related to the executing company

Post by rocky on Sun 22 Sep 2019, 3:28 am

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[size=52]The Central Bank Building Investigation Committee: 15 loopholes related to the executing company[/size]

[size=45]Baghdad / Mohammed Sabah
[size=45]Investigations conducted by the interim committees in the House of Representatives revealed the existence of fraud and cases of corruption in the contract of the new building of the Central Bank of Iraq,[/size]
[size=45]Fifteen gaps and observations were identified in the report relating to the poor selection of the executing company, the large and high financial cost, the location of the building and other technical issues.[/size]
[size=45]The Parliamentary Finance Committee has formed several months ago fourteen permanent and temporary investigative committee is conducting investigations with many contracts and files, and the sub-committees are close to the preparation of their final reports for presentation in the House of Representatives.[/size]
[size=45]Reveals a member of the Finance Committee in the House of Representatives Naji al-Saidi (term) that "the investigative committees in the House of Representatives monitored a lot of cases of manipulation and corruption in holding the building of the new Central Bank of Iraq will reveal its precise details in a report to be presented in the parliamentary finance committee next week"[/size]
[size=45]In January 2012, the Central Bank of Iraq (CBI) signed a contract with the office of the late architect Zaha Hadid to develop designs for the new bank building.[/size]
[size=45]The new building consists of a tower of 34 floors in addition to two underground floors built in the Jadriya area overlooking the Tigris River and contains garages for parking for staff and guests and cars for the transfer of currency, a restaurant, museum, meeting rooms, conferences, and a theater for celebrations. Al-Saadi adds that "the sub-committee charged by the Parliamentary Finance to investigate the contract of the Central Bank building hired experts from the ministries of industry, construction and housing, who provided observations on the project and identified weaknesses in terms of financial cost, and issues related to technical aspects."[/size]
[size=45]He continues that "the report contains (15) a note on the contract of the building of the Central Bank of Iraq, which indicates the existence of many legal loopholes represented by the granting of the Economic Committee in the Council of Ministers many exceptions to the management of the Central Bank in cases relating to financial cost." "These things will be reflected in the final report that will be published on all media next week or the next," Saadi said.[/size]
[size=45]The sub-committee formed by the Finance Committee held a meeting on 15/9/2019, to discuss the subject of the contract for the new building project of the Central Bank of Iraq with a number of advisors in the Ministry of Housing and Reconstruction, and heard the report submitted by the advisors on the contract of the building of the Central Bank after studying all Documents submitted by the Bank's management.[/size]
[size=45]For her part, a member of the Finance Committee in the House of Representatives that "its committee was formed before a period of fourteen temporary and permanent committee to verify many files and contracts," pointing out that "these committees will submit final reports to the parliamentary finance committee within a week or more." "The committee to investigate the contract of the CBE building has been able to conduct extensive and thorough investigations with a number of CBE employees," said Siham al-Eikli, a member of the parliamentary committee.[/size]
[size=45]She continued that "all investigative committees will submit their final reports to the Finance Committee in the House of Representatives for consideration and discussion before presentation within the House of Representatives," stressing that "the meetings of these committees are still continuing with some executives."[/size]


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