Shafaq News / The Integrity Commission disclosed that Iraq seeks to obtain amounts in excess of $ 87 billion as an initial estimate, due from 55 countries that had contracted with it before Iraq’s occupation of Kuwait, while stressing Spain’s readiness to pay the value of a signed contract with the country during that same period in the form of goods.
The semi-official newspaper, Al-Sabah, was quoted in its issue issued today, Monday, by the Head of the Recovery Department in the Integrity Commission as saying that Iraqi laws authorize two official bodies to retrieve Iraqi money abroad, which is the money-back fund that was then formed under the chairmanship of the Deputy Minister of Finance and the membership of a number of bodies such as the Central Bank and the two foreign ministries Justice was his specific mission to recover the money that was used during the period of economic sanctions on Iraq after the occupation of Kuwait and specialized in the topic of oil for food.
He added: The other official authority is the recovery department that was formed according to Decree No. 30 of 2011 and is concerned with the recovery of funds and those accused after 2003 due to corruption crimes, as the Integrity Commission is concerned with the United Nations Convention against Corruption, and therefore it has become the official body to implement the obligations of Iraq Under the United Nations agreement, it was not allowed to communicate with external and counterparts.
And he added: It is part of the United Nations Convention against Corruption in the fourth chapter of the fifth chapter on asset recovery and international cooperation as a recovery department, since most of the laws in force are not regulated and do not take into account the issue of recovery of money, given that the recovery of accused and convicted persons is regulated by bilateral agreements.
He indicated that the issue of the recovery of funds, which is the focus of the conversation, appeared on the surface after the Arab Spring, as there were no laws in this regard such as the recovery of funds, and accordingly the Commission found the legal basis for one of the chapters to recover the assets and obligated the countries included in the United Nations Convention against Corruption to show possible assistance in recovering the assets. Obtained from corruption crimes, and the commission started working in this field, as it is Iraqi money that must be worked on.
The head of the recovery department promised that the recovery fund was born dead since its establishment in the Ministry of Finance, and after that the urgent need to activate it appeared, which was done in 2015 and after confirming that there are funds for Iraq in a number of countries, noting that, with a proposal from the recovery department, a technical team has been formed To recover the money and it was formed in January 2017, within the Prime Minister's Office, as it includes all the concerned authorities, and that also gives him a kind of strength, and already began work on creating a database that includes all Iraqi money abroad, and a form was prepared and sent to all ministries, institutions and governorates about what is Exists of money from Kh Shake the country
Before the occupation of Kuwait.
He pointed out that everyone knows that Iraq and after the occupation of Kuwait, all its money abroad was frozen in Security Council resolutions 660 and 661, whether they are official or people related to the former regime. For example, Iraq had a contract with Italy concluded in the end of the eighties to establish a naval war fleet of 11 ships worth One billion and 350 million dollars were delivered to the Italian side, in the form of oil and other cash.
He continued: The contract was lagged due to the issue of Kuwait and was postponed and not implemented and the money received from the Italian side and the ships were not delivered to Iraq and after that they were sold by Italian specialized companies to another party and despite that the Italian side filed a lawsuit against Iraq for the damage after 2003 and then Iraq delegated
Lawyers to restore his right.
And he added: There is another contract with Spain worth 11 million dollars in agreement with the Ministry of Industry to provide Iraq with various industrial materials, which was not implemented also due to the Kuwait war and was recently discussed with the Spanish side, who confirmed his willingness to pay the money but in the form of goods, noting that contact was made with the Ministry Industry and now we are in the process of importing goods to the ministry of the amount, disclosing that his department has a database and statistics for 55 city-states in Iraq.
He emphasized that the work team that was formed in the year 2017 worked to amend the law of the money-back fund and the orientation had to be in the Integrity Authority and transferred the priorities of the recovery team to the fund, including statistics in the amounts that belong to Iraq in the hands of 55 countries as a result of contracts concluded before Iraq’s occupation of Kuwait and the establishment of a base Data includes all Iraqi money abroad.
He added: that a form has been prepared and sent to all ministries, institutions and governorates about what is available from money outside Iraq, especially since the money claimed by Iraq is not documented and is not corporate money and it is concluded contracts that were not implemented and tired because of the Kuwait issue, stressing that the estimated number of these amounts is estimated at 84 One billion and 291 million dollars, in addition to two billion and 337 million euros, and approximately one trillion and 326 billion dinars, indicating that the fund is currently working to ensure that information in these debts does not intersect between ministries, governmental institutions and governorates.