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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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    Fake factories drain public money in Iraq: another face of corruption

    Rocky
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    • Post n°1

    Fake factories drain public money in Iraq: another face of corruption Empty Fake factories drain public money in Iraq: another face of corruption

    Post by Rocky Mon 17 Oct 2022, 6:46 am

    Fake factories drain public money in Iraq: another face of corruption

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    Economy News-Baghdad
    The Iraqi Border Ports Authority revealed the seizure of a number of fake factories, saying that their owners had obtained customs and tax exemptions in amounts amounting to billions of dinars, in one of the new corruption files being raised in the country, confirming that an investigation had been opened into the file.
    Corruption is one of the most dangerous files in the country, as it is often intractable to the authority of the state and the law, especially as it is linked to parties that dominate the political scene in the country, and have armed arms that threaten even state institutions.
    And the Iraqi Border Ports Authority said in a statement, yesterday evening, Sunday, that it "was able to seize fake factories and factories whose owners had previously obtained customs and tax exemptions in violation of the controls," noting that "the process of controlling factories took place after obtaining a judicial decision that includes approval to move to The location of a group of alleged factories to reveal the truth of their existence.
     She added that "it turned out that these factories are fake, and they are small shops that do not rise to being a factory or a factory that requires granting exemptions from fees," stressing that "this is a fraud on the state institutions specialized in granting exemptions, which bear full responsibility as a result of their lack of auditing." Factories and factories before granting exemption books, as well as their lack of seriousness in following up on the arrival of those exempted materials to the beneficiaries.
    She pointed out that "the owners of these factories and factories located in Basra Governorate have used the materials that were exempted from customs and tax duties for other than the purpose for which the exemptions were granted and in very large quantities, amounting to billions of dinars, which caused a waste of public money."
    Confirming that "a fundamentalist seizure report was organized and the method was presented before the investigation judge, who in turn issued a decision to refer the file to the Basra Integrity Investigation Directorate for investigation according to jurisdiction, and under the supervision of the integrity judge in the province to hold accountable all those associated with these suspicious acts targeting the Iraqi economy in the core."
    The owners of factories and factories obtain some customs and tax exemptions, in a step adopted in the country to encourage investment in the private sector and local production.
    This is taking place at a time when the Iraqi authorities announced, today, Sunday, the start of an investigation into the case of theft of 3 trillion and 700 billion Iraqi dinars; The equivalent of $2.5 billion from the state treasury, hours after Oil Minister Ihsan Abdul-Jabbar, who had submitted a request to be relieved earlier from the position of acting finance minister, admitted that the money was stolen from the state-run Rafidain Bank, which is tax revenue money.
    The rampant corruption in the country has dragged it into serious economic and financial crises from which it is not easy to get out, including all aspects of life such as electricity, water, health system, job opportunities, and others.

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    Added 10/17/2022 - 1:43 PM
    Update 10/17-2022 - 2:45 PM
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