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- MONDAY, 24-05-2021, PM 2:16
- KARRAR AL-ASADI
- 145
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President Barham Salih said yesterday, Sunday, that 150 billion dollars have been smuggled from Iraq since the fall of Saddam Hussein's regime in 2003, as a result of corruption, while services have deteriorated significantly in the country.
Saleh confirmed to reporters that he had submitted to Parliament a legal text aimed at recovering public funds lost as a result of embezzlement, and prosecuting those responsible.
The deputies urged the approval of the law with the aim of eliminating corruption that "hindered the people's will to progress and build" in Iraq, one of the countries that suffer most from corruption, according to the non-governmental organization Transparency International.
But an expert in security affairs, Fadel Abu Ragheef, doubts the possibility of this law addressing corruption in Iraq. "Of course it is one of the best laws that the government has proposed since 2003, but the question is will it be adopted? I don't think."
"The parties to which the deputies belong will obstruct the law. In public, they will support it, but behind the scenes they will do what they can to stop its adoption because many politicians are involved in corruption," he told France Press.
According to an Iraqi banking source, 60 billion dollars were pushed out of the country over 18 years by politicians involved in corruption, especially towards Lebanon. But with the economic and financial crisis facing Lebanon, it has become very difficult to get that money back.
The Iraqi president warned that "corruption is the enemy of economic and social development. It steals people's livelihoods, disrupts the people's will to progress and build, and prevents opportunities for development, prosperity and progress."
He stated that Iraq "lost huge sums of money. The total oil imports of the country since 2003 have reached close to a thousand billion dollars, and no less than 150 billion dollars in corruption deals have been smuggled abroad."
The rampant corruption in Iraq was one of the main drivers of the demonstrations in the country in October 2019.
The draft law targets individuals who have held important positions in public institutions and administrations since 2004, as well as those close to them, with the aim of recovering the assets they have accumulated through corruption, whether they exist in Iraq or outside it.
And all transfers over $ 500,000 should be subject to strict scrutiny, as well as bank accounts.
In addition, all contracts or investments obtained through corruption will be canceled, according to the new draft law.
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