Anti-corruption: Iraq’s smuggled money has matched investment budgets since 2003
09:15 - 01/29/2020
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The Supreme Council for Combating Corruption estimated, on Wednesday, the value of the looted funds smuggled from [You must be registered and logged in to see this link.] as equivalent to the investment budgets approved since 2003 until now, revealing the willingness of France and the United Arab Emirates to cooperate in recovering these funds.
Observer member Saeed Yassin Musa said in a statement that she followed / information, that "the council took a huge number of measures, some of which are related to the executive authority and others related to legislation," noting that "the recent events that took place in the country did not affect the progress of the council's decisions that It is still under follow-up and implementation. ”
Moussa emphasized, "The council cooperated with the Judicial Council and the Integrity Commission - as the spearhead in combating corruption - through the prevention and recovery departments," noting that "procedures are taking place outside [You must be registered and logged in to see this link.] Regarding the recovery file, there are a large number of issues that need administrative investigation. ”
Moussa added that "the file of recovering the smuggled money needs a kind of wisdom, wisdom and patience," noting that "the ease of depositing the stolen money in banks outside [You must be registered and logged in to see this link.] creates a great difficulty in recovering it, as some of them may need a period of up to 15 years," setting an example in The state of Algeria "that has experience in recovering its money after it has spent money on legal advice and travel equal to the value of the money stolen from it, but it only wanted to consolidate the state's sovereignty and respect public funds."
Moussa estimated the value of the looted funds, as "paralleling the total investment budgets that were approved in [You must be registered and logged in to see this link.] since 2003 until now," noting that " [You must be registered and logged in to see this link.] Previously, he participated in a workshop with seven countries related to the problem of money laundering and smuggling, as it is one of those countries that suffer from the two problems, and as a result of that the Anti-Money Laundering Law was issued in the Central Bank to meet the international requirements of banks and financial management.
The observer member of the Supreme Council for Combating Corruption pointed to "the presence of Emirati and French cooperation to recover the stolen money from [You must be registered and logged in to see this link.] ," adding that "a meeting took place between the Director General of the Recovery Department and the head of the UAE Accounting Bureau at one of the conferences and informed the latter of his country's readiness to cooperate in this matter."
Moussa added: "Officials at the Ministry of Justice met with their counterparts from the UAE side to discuss this file," revealing "serious steps from the French public prosecutor who has expressed his full readiness to help [You must be registered and logged in to see this link.] recover its looted money." Ended / 25