Cost of corruption to Iraq's $ 360 billion during the reign of al-Maliki
Cost of corruption to Iraq's $ 360 billion during the reign of al-Maliki Tuesday , April 21, 2015
Finance Committee revealed in the Iraqi parliament for the country's loss of about $ 360 billion, due to corruption and money-laundering operations, held for 9 years and in the period between 2006 and 2014, in which former Prime Minister Nuri al-Maliki ruled the country, while specialists student referral Maliki to eliminate charges of theft and waste of public money. He said the Finance Committee in the Iraqi parliament member Haidar Massoud, in a press conference in Baghdad, said that "Iraq's imports from the sale of oil since 2006 until 2014, amounted to about $ 550 billion, and 60% of that amount, or about $ 360 billion, was sold in currency auction in Baghdad, organized by the Central Bank of Iraq, and was transferred out of the country by civil companies and banking offices in mysterious circumstances. " Masood added that Iraq these funds lost due to corruption and money laundering, where the eligibility of banks bought the currency and transferred abroad under the pretext of buying goods and the goods do not reach them to Iraq only a little, and any investment returns does not appear on the reality of the Iraqi service. "He pointed out that a person is Known purchased foreign currency from the auction and the transfer of $ 550 million dollars out of the country within one year, as an example of operations of corruption in the country. And the actions taken by the Commission against corruption, Masood said he will form a committee to follow up the money and smuggled laundering operations abroad, stressing that stop manipulation would raise the value of the Iraqi dinar against the dollar. For her part, member of the Finance Committee parliamentary Nora Albjara for "new Arab" that "there is a great waste of public money and corruption that afflict thousands of projects, and we are working in the Parliament on the follow-up Where did this billions? ", noting that" the Iraqi currency exchange rate was suffering from low against the dollar. "She added that" the Commission will follow up the work of the Central Bank and the amounts of money that are sold, in addition to the follow-up work of the government and private banks that sell large quantities of the dollar, "noting to stop currency manipulation will contribute significantly to the decline in the dollar rate against the dinar. " He accused the head of the Iraqi dinar to the issues of organization of the local economy (non-governmental) Ahmed Abdul Salam, former Prime Minister Nuri al-Maliki of Iraq and of wasting money to harness some of the political issues. Abdul Salam explained that lost that money, mostly from oil imports, which al-Maliki was responsible for the dossier, pointing out that the money smuggling to Iran rescued from the siege internationally, and face charges for the owners financed the side of Assad crimes, calling for presenting to eliminate charges of wasting Iraqi funds. The earlier report of the Finance Committee of Parliament, said that the majority of the projects approved by the Maliki government turned out to be fake, mostly given to his relatives and friends, and the size of the financial waste that was during his reign amounted to $ 109 billion. Iraq and subjected to systematic theft across the political figures and officials in the previous government, according to economic analyst Majid Ahmed for "new Arab". Announced the Development Fund for Iraq, which was formed in 2004 by a decision of the United Nations, that the fund balance reached $ 165 billion in 2009, and this revenue was prone to corruption, where the disappeared, including $ 17 billion in 2003, and another $ 40 billion in 2010, and trimmed corruption cases these balances to $ 18 billion only in 2012 ". He explained Ahmed that" there remittances worth billions of dollars were transferred to Syria and Iran, which was reflected in the release of the foreign currency in the Iraqi stock market decline and the decline of the Iraqi currency level in the markets for the benefit of the dollar.