Money in exchange for release... The "theft of the century" settlement in Iraq
“Bail does not mean that the legal procedures against the accused will be dropped, but the case will be referred to the competent court according to the accusation article.”
[size][You must be registered and logged in to see this link.]an Iraqi reporter
Monday, November 28, 2022 3:58
[You must be registered and logged in to see this link.] [url=https://twitter.com/share?text=%D8%A7%D9%84%D8%A3%D9%85%D9%88%D8%A7%D9%84 %D9%85%D9%82%D8%A7%D8%A8%D9%84 %D8%A7%D9%84%D8%A5%D9%81%D8%B1%D8%A7%D8%AC... %D8%AA%D8%B3%D9%88%D9%8A%D8%A9 "%D8%B3%D8%B1%D9%82%D8%A9 %D8%A7%D9%84%D9%82%D8%B1%D9%86" %D9%81%D9%8A %d8%a7%d9%84%d8%b9%d8%b1%d8%a7%d9%82&url=https://www.independentarabia.com/node/396816][/url] [url=whatsapp://send?text=%D8%A7%D9%84%D8%A3%D9%85%D9%88%D8%A7%D9%84 %D9%85%D9%82%D8%A7%D8%A8%D9%84 %D8%A7%D9%84%D8%A5%D9%81%D8%B1%D8%A7%D8%AC... %D8%AA%D8%B3%D9%88%D9%8A%D8%A9 "%D8%B3%D8%B1%D9%82%D8%A9 %D8%A7%D9%84%D9%82%D8%B1%D9%86" %D9%81%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82 [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]
[/size]
The new government in [You must be registered and logged in to see this link.] decided to settle the " [You must be registered and logged in to see this link.] " file through the principle of conditional release in return for [You must be registered and logged in to see this link.] , in a step that is considered the first in the history of the modern Iraqi state since the 1920s.
The move was announced by the Iraqi Prime Minister, Muhammad Shia’ al-Sudani, in a press conference, about the recovery of part of the funds for tax secretariats that were stolen with a legal trick by businessman Nour al-Khafaji and a number of his partners, which amounted to about three trillion and 700 billion Iraqi dinars ($2.5 billion) through issued instruments. From the government Rafidain Bank and the Tax Department.
According to Al-Sudani, the Iraqi government has recovered 182 billion Iraqi dinars (123 million dollars) out of a trillion and 681 billion Iraqi dinars, up to (1.1 billion dollars) seized by businessman Nour Al-Khafaji, indicating that this amount was delivered by Al-Khafaji according to a settlement agreement that will include the release by the judiciary on bail to deliver the full amount within two weeks, aiming to allow him to sell the real estate he bought with this amount and return it to the state.
Al-Sudani added, "There are bodies within the Tax Authority and other supervisory and responsible parties that facilitated the process of theft of safe deposits, and we will announce it after completing [You must be registered and logged in to see this link.] ," stressing that no party involved in this process will be excluded. Al-Sudani presented the sum of the sukuk and funds disbursed by a group of the companies involved, indicating that the disbursed funds amounted to three trillion and 754 billion and 642 million and 664 thousand dinars ($2.5 billion).
money for release
Al-Sudani called on the defendants against whom arrest warrants were issued to turn themselves in and hand over the stolen sums, indicating that the government will work with the judiciary to help them in accordance with the law, indicating, "We will follow up on any accused and recover the stolen sums. The criterion of our relations with all countries is the extent of response in recovering the people's stolen money."
government parties
For his part, Haider Hanoun, head of the Federal Integrity Commission, said in statements to the official Iraqi channel, "There are important parties in the previous government that facilitated the task of removing these funds outside Iraq, and they will be announced soon."
Economic affairs specialist Safwan Qusai believes that the government's action aims to provide an opportunity to recover the stolen funds to the state treasury, stressing the need to take guarantees in order to return the funds before the release process.
Qusai said, "The process of returning the money in full is the primary goal of the government, but it is not possible to bypass the Penal Code, which sets penalties for those who try to steal public money," noting that "there may be penalties, whether imprisonment or imprisonment, for those who do such a thing." act, and the Penal Code cannot be bypassed in such a situation.”
Encouraging steps
He pointed out that the judicial authorities, when fully recovering the funds, will take into account the imposition of lenient provisions, because the main goal is to restore confidence in the Iraqi economic and financial system. He warned that the international community would deal with Iraq in a different way if the government could not impose its authority on the billions that leaked across the borders, stressing the need for an effort to return the entire amount.
He continued, "The government's failure to fully recover the money in exchange for the thief's release will reflect negatively on the international community's view of its behavior," calling on the government to tighten its grip on the stolen money and ensure that the thief will return and not mitigate the penalty except in accordance with a legal procedure.
Legal specialist Ali Al-Tamimi revealed that release on bail is possible according to the Code of Criminal Procedure, pointing out that bail is conditional on the delivery of amounts.
Al-Tamimi said, "The release is within the authority of the investigating judge, according to Articles 109 and 110 of the Code of Criminal Procedure, because the legal article under which the accused is arrested accepts bail, especially since the bail is conditional on the delivery of the sums in question."
He added that bail does not mean that the legal procedures against the accused will be forfeited, but that the case will be referred to the competent court according to the accusation article, pointing out that this procedure applies with the criminal policy that aims to achieve the public interest according to the rule that if two interests conflict, the public interest is preferred over the private one.
[You must be registered and logged in to see this link.]
» utube 11/30/23 iraqi dinar Set IQD For Revaluation 2023 / Iraqi Dinar News Today /
» FRANK26……11-29-23……MONETARY SOVEREIGNTY MEANS YOUR NEW CURRENCY trusts, what to do with your rv cas
» The Minister of Labor issues a directive to stop the social research process
» Rights reiterates its rejection of the American forces remaining in Iraq
» Representative from Al-Halbousi Party: Complaints against “progress” are political and a media whirl
» Al-Mandalawi calls for the formation of an international economic alliance
» The Iraqi Islamic Commercial Bank achieves a profit of 6.4 billion dinars
» Head of the Integrity Commission: Iraq worked to recover the accused and the funds, whether at home
» The Iraqi market traded shares worth more than 93 billion dinars during the month of November
» Rumaila Field Management: In our projects, we focus on reducing water waste and environmental pollut
» Talabani to the Iranian Consul: Serious efforts to solve problems with Baghdad regarding salaries an
» "UNAMI": Iraq's losses from fish resources are estimated at about 400 million dollars annually
» “Markets are paralyzed”... The dollar crisis exacerbates the problems of the Kurdistan region and th
» External remittances increased by 87% in the Iraqi Central Auction
» Referring the file of Al-Halbousi Party’s contract with a company linked to Israel to the Judicial A
» What is expected from the OPEC+ meeting today? And the most likely scenarios
» Saleh: The final accounts of official institutions are a binding condition for evaluating public mon
» In the document, the Minister of Finance assigns a number of employees to manage the positions of th
» The Minister of Labor directs to stop social research and issue Qi cards to protection beneficiaries
» With the participation of Iraq, the climate conference kicks off in Dubai with hopes for renewable e
» The Minister of Health will visit Bahrain next month and a memorandum of understanding will be signe
» Al-Sudani directs to maintain the escalating pace of work on projects to relieve traffic congestion
» Framework: We will not interfere in choosing the Speaker of Parliament and leave the matter to the S
» Economic: Electronic fuel cards contribute to eliminating the smuggling of derivatives
» A parliamentarian accuses the Central Bank of hiding the facts about the currency auction
» National Union: The accusations between Baghdad and Erbil resulted in the region’s employees falling
» Taqaddam holds a meeting to elect a new president to succeed Al-Halbousi
» It leads him to prison... 3 heavy charges await the ousted president, including inflating funds
» Decrease in dollar prices in the parallel market
» Political movement and anticipation of Sunni understandings regarding the personality of the expecte
» More than a billion dollars.. Iraq is the second largest importer from Türkiye within a month
» Al-Naili: We allocated plots of land to the families of the martyrs and distributed the first batch
» Organized crime: Coordination with the Kurdistan region to pursue foreign currency speculators
» Minister of Environment: Iraq's participation in the Conference of the Parties will be effective
» Specialists: Reconstruction bonds are an important step whose interest should be increased
» Al-Nusairi: A new round of understandings to regulate trade financing and control the exchange rate
» Prime Minister: We provide all facilities to major investment companies of various nationalities
» Al-Mandalawi calls for the formation of an international economic alliance
» Parliament intends to prosecute conservatives who used public money in their electoral propaganda
» Parliamentary demands to increase allocations for the school feeding project
» Iraqi-British discussions to enhance security cooperation
» Trade: Including the poor and employees in the construction basket
» A campaign to follow up on the installation of generator meters in Baghdad
» 16 million voters are included in the provincial council elections
» Calls for Iraq to join the “Rome Convention”
» Economic circles welcome the establishment of the Iraqi-Chinese Business Council
» Entrepreneurship...the path to job opportunities
» Specialists: Reconstruction bonds are an important step whose interest should be increased
» A representative is dissatisfied with a decision of the Council of Ministers: He fixed the quotas an
» The security restriction has proven to be a failure... 3 benefits of “importing the dollar” and reco
» Al-Sudani directs the legal prosecution of anyone who exploits the state’s capabilities to influence
» To end the salary crisis in Kurdistan... a Kurdish delegation demands two things from Sudanese
» Al-Sudani is in Basra on Saturday to lay the foundation stone for Al-Faw Road and open an investment
» Al-Sudani Office: Changxin Company will implement an industrial city in Basra and invest in sulfur i
» The Iraqi dinar recovers against the US dollar.. 157,500 for every 100 dollars in Baghdad
» Parliamentarian: Iraq loses about $500 million every day from burning gas
» America’s violations reach communications...the people are threatened by espionage and liberation “S
» The Kurdistan Regional Government responds to Ammar Al-Hakim’s demand to pay the salaries of teachin
» Residential complexes and water and sewage projects... inclusion of the second phase of the Kut Bagh
» Strict inspection at Gate 18...the most expensive Green Zone markets in Baghdad...goods enter with g
» Al-Sudani congratulates the Saudi Crown Prince on his country’s win to host Expo 2030
» Al-Sudani limits the movement of military convoys to the “Operations Book” and directs the prosecuti
» The cabinet reshuffle battle is decided in favor of Al-Maliki... and positions are distributed accor
» Al-Sudani: Citizens are hopeful as they see the government’s seriousness in implementing projects
» Al-Sudani: The government will provide facilities to major companies of various nationalities
» The President of the Republic, Dr. Abdul Latif Gamal Rashid, heads to the Emirates
» The Federal Interior decides to allow registered motorcycles to roam at all times
» A female representative hints at withdrawing from “sovereignty”: Our representation has become more
» Iraq does not need a quarter of its gas imports.. What do you know about the “Nahr Bin Omar” field?
» The dollar declines against the dinar... a new decline in the exchange rate in Iraq
» New York Times: Luck alone saved the Americans in Iraq from more serious losses!
» Through a Chinese company.. Iraq is close to establishing a project for sulfur investment
» Khamenei: The Americans wanted to swallow Iraq, but they could not
» The black market dollar will collapse in a very short period - a government statement
» Oil company: Nahr Bin Omar gas field will provide electricity to more than 4 million Iraqis
» Al-Sudani directs the disbursement of 3 new loans to Kurdistan
» Labor announces the launch of the optical cable project to connect its circuits electronically
» More than 1,000 farms are moving to modern irrigation in Diyala
» The Central Bank announces a decrease in the inflation rate compared to last year
» The Iraqi Stock Exchange closes up by 1.92%
» “Pending points” for the resumption of Kurdistan oil exports... Expectations that it will flow at ha
» Finance agrees to make a transfer of 19 billion to cover Basra’s salary deficit
» A leader in the National Bank: The differences with the Democratic Party are deep and we have not re
» Central Bank: The inflation rate in Iraq decreased and reached 3.7% in August
» State of Law: America's plans to change regimes in the region are no longer valid
» Parliamentary Finance: The government will reduce circulating liquidity by 10% next year
» The Minister of Interior issues 3 directives to members of all security services
» Coordination framework: The role of governorate councils is complementary to the work of Parliament
» Political Alliance: We look forward to opening new files related to corruption in Anbar
» Parliamentary Finance announces the agreement that the minimum salaries will be 425 thousand dinars
» Revealing a deep dispute between Al-Halbousi and the Gharbiyya clans
» Kurdish MP: The ruling family in the region stands against the decisions of the Federal Court
» Parliamentary Integrity confirms its intention to legislate a series of laws to combat corruption
» The Commission responds to Al-Halbousi regarding the alternative to occupy his parliamentary seat in
» A Chinese advisor describes Iraq as the "largest" investment destination for his country
» The Presidency of the Republic issues a clarification regarding the arrest of an officer affiliated
» The General Directorate of Water announces the implementation of the electronic collection system in
» Finance: The employee salary scale file is not our exclusive responsibility