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Integrity investigates the work of the Housing Fund and indicates debts worth 56 billion dinars
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[rtl]Baghdad / NINA / The Federal Integrity Commission called for increasing financial allocations to the Housing Fund in order to cover the largest segment of citizens applying for housing loans, and to coordinate with the Central Bank of Iraq to relaunch the housing initiative and monitor the necessary allocations for that.
The Authority stated in a statement, “The Office of the Prevention Department observed, during its visit to a number of departments of the Ministry of Construction, Housing, Municipalities and Public Works, that the Ministry of Finance had not disbursed the amount of the operating budget allocated to the Housing Fund for the year 2023, amounting to one trillion dinars, calling for state ministries to fulfill the deduction amounts.” The monthly number of their employees who borrowed from the Fund, in addition to the Fund imposing fines on delinquent borrowers,
indicated that there were (6,166) delinquent borrowers who owed (36,479,773,000) dinars, in light of the difficulty of implementing the guarantor system guaranteeing the borrower, which forces the borrower to provide more than one guarantor
. The office said that the Prevention Department, in its report, urged the Fund to continue paying the late financial amounts owed by investment companies and banks, amounting to (19,224,675,000) dinars, pointing out that the Fund did not exploit the balance of the reserve account for expansions amounting to (7,241,123,000) dinars, for the purpose of expansion and acquisition of buildings for its branches in the governorates
. The report was made to expedite the on-site inspection of the properties to be disclosed, to facilitate procedures and reduce the period for granting loans, after noticing the delay in auditing citizens’ transactions in the Fund’s electronic admission unit for more than two months, and it was also noted that there was a large presence of lawyers in the borrowers’ hall who were charging sums from the borrowers; In exchange for facilitating the procedures for them to receive the loan,
he stressed the need to resolve lawsuits against others and investigative committees related to cases of forgery, bribery, embezzlement, and administrative and financial violations against employees, noting that there are (38) lawsuits and (73) investigative committees that have not been resolved.
She touched on the Housing Department’s failure to send the project financial accounts to the state treasury and dispose of the tax deposits for the investment plan project contracts, pointing out that the Department’s financial department withdrew an amount of (182,289,541,132) dinars from the trust account “Deposit Bank” at Al-Rashid Bank, the fate of which has not been determined. And the reasons for disbursing it, in addition to his failure to pay the due tax deposits amounting to (13,245,190,477) dinars. He also transferred (58,000,000,000) dinars from the “Deposit Bank” to the “Current Bank” in the year 2015, for the purpose of disbursing it to the account of investment projects without obtaining the approval of the Ministries of Planning and Finance. On the disbursement that was made based on the approval of the Minister of Construction, despite the lack of authority to disburse the amount and it has not yet been determined whether it has been paid or not.
The report indicated that (8,718,749,477) dinars were withdrawn from the department’s account opened at Rafidain Bank during the year 2021, while the deposit amount was (9,108,947,029) dinars, and the deposit and withdrawal destination was not known or the bank reconciliation was prepared, contrary to the instructions and procedures that must be followed, adding that the financial department In the department, he disbursed more than (2,705,000,000) dinars from the trust account without a reserved balance for the creditor in the account for the revolving balance for previous years./End 11[/rtl]
The Authority stated in a statement, “The Office of the Prevention Department observed, during its visit to a number of departments of the Ministry of Construction, Housing, Municipalities and Public Works, that the Ministry of Finance had not disbursed the amount of the operating budget allocated to the Housing Fund for the year 2023, amounting to one trillion dinars, calling for state ministries to fulfill the deduction amounts.” The monthly number of their employees who borrowed from the Fund, in addition to the Fund imposing fines on delinquent borrowers,
indicated that there were (6,166) delinquent borrowers who owed (36,479,773,000) dinars, in light of the difficulty of implementing the guarantor system guaranteeing the borrower, which forces the borrower to provide more than one guarantor
. The office said that the Prevention Department, in its report, urged the Fund to continue paying the late financial amounts owed by investment companies and banks, amounting to (19,224,675,000) dinars, pointing out that the Fund did not exploit the balance of the reserve account for expansions amounting to (7,241,123,000) dinars, for the purpose of expansion and acquisition of buildings for its branches in the governorates
. The report was made to expedite the on-site inspection of the properties to be disclosed, to facilitate procedures and reduce the period for granting loans, after noticing the delay in auditing citizens’ transactions in the Fund’s electronic admission unit for more than two months, and it was also noted that there was a large presence of lawyers in the borrowers’ hall who were charging sums from the borrowers; In exchange for facilitating the procedures for them to receive the loan,
he stressed the need to resolve lawsuits against others and investigative committees related to cases of forgery, bribery, embezzlement, and administrative and financial violations against employees, noting that there are (38) lawsuits and (73) investigative committees that have not been resolved.
She touched on the Housing Department’s failure to send the project financial accounts to the state treasury and dispose of the tax deposits for the investment plan project contracts, pointing out that the Department’s financial department withdrew an amount of (182,289,541,132) dinars from the trust account “Deposit Bank” at Al-Rashid Bank, the fate of which has not been determined. And the reasons for disbursing it, in addition to his failure to pay the due tax deposits amounting to (13,245,190,477) dinars. He also transferred (58,000,000,000) dinars from the “Deposit Bank” to the “Current Bank” in the year 2015, for the purpose of disbursing it to the account of investment projects without obtaining the approval of the Ministries of Planning and Finance. On the disbursement that was made based on the approval of the Minister of Construction, despite the lack of authority to disburse the amount and it has not yet been determined whether it has been paid or not.
The report indicated that (8,718,749,477) dinars were withdrawn from the department’s account opened at Rafidain Bank during the year 2021, while the deposit amount was (9,108,947,029) dinars, and the deposit and withdrawal destination was not known or the bank reconciliation was prepared, contrary to the instructions and procedures that must be followed, adding that the financial department In the department, he disbursed more than (2,705,000,000) dinars from the trust account without a reserved balance for the creditor in the account for the revolving balance for previous years./End 11[/rtl]
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