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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Iraq owes $ 9 million to foreign lawyers charged with recovering Saddam money

    Rocky
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    Iraq owes $ 9 million to foreign lawyers charged with recovering Saddam money Empty Iraq owes $ 9 million to foreign lawyers charged with recovering Saddam money

    Post by Rocky Tue 30 Apr 2019, 2:25 am

    Iraq owes $ 9 million to foreign lawyers charged with recovering Saddam money

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    The Parliamentary Integrity Committee recognizes the difficulty of recovering Iraqi funds deposited in banks and banks distributed among 40 Arab and foreign countries before 2003.
    Successive governments have relied on foreign lawyers to recover money but without interest, while lawyers' fees for nearly $ 9 million have been required by the government to pay them.
    The last meeting of the Parliamentary Integrity Committee was held last Sunday to host the members of the fund-recovery fund, which includes representatives of the Integrity Commission, the Ministries of Justice, Finance, Commerce, the State Council, the Intelligence Service, and the Accountability and Justice Commission.
    The member of the Parliamentary Integrity Committee, Sabah al-Ukaili, said the purpose of the amendment was to "amend the recovery fund law to determine the functions of this fund in the recovery of funds before or after 2003", adding that "the file of recovery from the thorny, large and complex files."
    The Iraqi government has established a fund called "Fund for the recovery of Iraq's funds" after the passage of Law No. 9 of 2012 to recover Iraqi funds smuggled abroad before 2003.
    "The former regime was hiring officials in the Iraqi state to open financial accounts in their names in a number of Arab and international banks," said al-Ukaili in an interview with the newspaper Al-Mawtazah News. "These funds are now being held in these banks and banks."
    He added that "these banks and Arab and non-Arab banks distributed among forty countries booked these funds on the grounds that they do not have information about customers," pointing out that the information available that some of them have died, others in prisons and others do not have the Iraqi state information about them.
    "The figures of these people are not known to the Iraqi state, making it difficult to recover these large and large sums," he said, revealing that "some of the people registered in their accounts part of these funds have agreed to hand over their funds."
    The member of the Integrity Committee reveals that "the Iraqi state has become a city of nine million dollars for international lawyers commissioned since 2003 and until this moment to recover these amounts reserved for foreign and Arab banks and banks," pointing out that "some of these funds related to Iraqi ships anchored in Italian ports And Egypt pays the government taxes to these two countries since the days of the former regime. "
    "Deciphering this problem inherited from the days of the previous regime is almost difficult," he said.
    For his part, confirms the MP Talal al-Zobaie coalition, that "intersections between the Ministries of Justice and Foreign Affairs and the Integrity Commission has caused confusion in the receipt of money smuggled out of Iraq," pointing out that "there are property and cash in Iraq outside work to recover."
    Al-Zobaie, who was the head of the Parliamentary Integrity Committee at the previous session, said that "there are amounts of money registered in the names of people grew and rose through the profits of banks and banks deposited in them," stressing that "these banks and banks are distributed among more than forty countries "He said.
    Al-Zobaie said that the Iraqi state's negotiations with the people registered with Iraq's money in their accounts "is difficult because they are looking for percentages of these funds with the lawyers claim their wages." He added that "the contraband after 2003 belong to Iraqi officials who have escaped arrest warrants."
    "There are lawyers from the Italian, French, American and British nationalities who are appointed by the state to recover these amounts," he said.

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