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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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    The full story of the theft of the century.. Important and exciting details

    Rocky
    Rocky
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    The full story of the theft of the century.. Important and exciting details Empty The full story of the theft of the century.. Important and exciting details

    Post by Rocky Sun 11 Dec 2022, 5:44 am

    [rtl]The full story of the theft of the century.. Important and exciting details[/rtl]

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    Baghdad-Iraq today:
    Middle East Eye revealed in a report that a network of Iraqi officials working within state institutions - including the Tax Authority and an anti-corruption monitoring body - are under investigation over a plot to steal billions of dinars from the tax accounts of international oil companies.
    According to the site, the conspirators - including officials in the Ministry of Justice - targeted tax deposits that oil companies paid to the General Authority for Taxes in what investigators now believe is a precursor to the so-called "theft of the century".
    The main targets were the Chinese Petroleum Engineering and Construction Corporation, as well as Lukoil Mid-East Limited, a subsidiary of the Russian energy giant.
    The Prime Minister announces the recovery of 182.7 billion Iraqi dinars, the first meal out of an amount of (1.681270) trillion dinars, which will be recovered within two weeks.
    robbery scheme
    The scheme included fabricating a paper record of fake documents and checks issued by the General Tax Authority, in July and August 2021, in response to alleged requests from companies to recover tax deposits.
    Persons falsely claiming to represent oil companies attempted to cash checks and cash them at branches of the state-owned Rafidain Bank, which maintains tax deposit accounts for the General Tax Authority.
    According to an advisory at the Ministry of Finance - who spoke to Middle East Online - that no money was stolen at the end, because the value of some checks amounts to tens of millions of dollars, and that the apparent keenness of some senior officials to facilitated their paying attention.
    According to this official, the details of the checks were reported to the Federal Integrity Commission, a government tasked with investigating corruption in the public sector, which appointed a special investigator for the case, as some checks were later stopped, while a bank official refused. to attempt to cash a check worth more than 44 billion. Dinars ($30 million).
    The site indicates that the documents it obtained indicate that some officials working within the General Tax Authority, the Federal Integrity Authority, and the Ministry of Justice participated in passing and documenting documents that facilitated the theft attempt.
    Targeting oil companies
    Financial investigators believe that the tax deposit accounts of the oil companies were targeted by the same network behind the theft of 3.7 trillion dinars ($2.5 billion) from the accounts of the General Authority for Taxes kept in the Rafidain Bank, between September 2021 and August 2022 .
    People involved in the investigation told Middle East Eye that they believed that many of the elements and tools of the "theft of the century" - including the use of forged checks - already existed, and were under trial, and confirmed that these tools also helped Participants test the response of regulatory and review bodies. And that, in order to avoid discovering their scheme, they worked to improve it, and instead of using people who claimed to be representatives of real companies, they used fictitious companies.
    According to one of the participants in the investigation, a letter from a senior official in the Federal Integrity Authority to the General Tax Authority, at the end of August 2021, had actually referred to what could be described as a "green light" for thieves. by indicating that the Integrity Authority would not interfere in the affairs of tax authority.
    Forged documents
    Documents obtained by the site show how issuance of alleged checks to pay requests for refunding tax deposits from oil companies, in August 2021, sparked a wave of correspondence and scrutiny that included officials from the General Tax Authority, the Rafidain Bank, the Integrity Commission , as well as the Financial Supervision Bureau.
    Middle East Eye had previously reported on how the Board of Supreme Audit, a body to monitor public spending, was removed from the role of auditor in tax deposit refund requests. According to the documents, the Supervision Bureau was still performing this role when checks were issued by the China Petroleum Engineering and Construction Corporation and Lukoil in early August of the same year.
    The site also learned that the legal document that was submitted to the General Tax Authority on July 8, 2021, which appears to allow an Iraqi businessman to work as a representative of the Chinese company in the country, was verified by the notary at the Federal Ministry of Justice, as it was approved by officials. the tax authority despite clear indications that it was rigged.
    The authorization or legal agency - which appears to be signed by the official of the Chinese company, businessman Ali Muhammad Issa Al-Jaf - grants broad financial powers that include opening and operating bank accounts, withdrawing and depositing funds, receiving checks and withdrawing them in cash on behalf of the company, without the authorization indicating any other details. About Jaf's relationship with the company or basic information such as his Iraqi identity number.
    Accordingly, the website checked the agency's reference number and date of authorization with the Ministry of Justice, and did not find any record of its existence. Middle East Eye also learned that the notary who initially verified the authorization on July 8, and who later confirmed to the Tax Authority its validity, had been interrogated several times for falsifying credentials, and was transferred from Baghdad to a small town outside the capital two months ago.
    And not only that, as the investigators told the site that a similar document was submitted to the Federal Tax Authority, as the document authorizes a businessman to act on behalf of “Lukoil”, and then this document appeared to be forged as well.
    Foreign oil companies operating in Iraq must inform state oil companies of the provinces in which they operate. In a letter to the state Basra Oil Company, which is responsible for the oil fields in southern Iraq, Lukoil said that it had not authorized any person or entity to act as its representative in the Tax Authority, and had not received anything in this regard. .
    The site contacted the media office of the Chinese company, but it refused to comment, and there is no indication that this company was aware of or involved in forging documents using its name, or in an attempt to steal money from the tax deposit account of the tax authority.
    Investigators at the Ministry of Finance confirmed that verifying the fake authorization documents and their acceptance by officials at the Ministry of Justice and the Tax and Integrity Commissions facilitated the theft attempt directly, and one of the senior officials said, “It seemed clear that the first To steal these deposits relied on fake documents, then manipulated and accelerated the attempts, these practices culminated in the issuance of checks in favor of these companies.”
    green light
    The first check, with a value of more than 31 billion dinars ($21 million), was issued in the name of the Chinese company on August 2, 2021, and the documents seen by the site indicate that it was approved by the Acting Director General of the Tax Authority, Samer Abdel Hadi Qassem.
    As for the second check, with a value of more than 12 billion dinars ($8 million), it was issued in the name of “Lukoil” company a few days later. A few days later, the Assistant Director General of the Tax Authority, Osama Hossam, withdrew the check after the Bureau of Financial Supervision inquired about it, which at that stage was still reviewing requests for refunding the tax deposit.
    But according to the documents, the acting director general of the Tax Authority overturned the decision of his assistant, as the first confirmed the authenticity of Lukoil's check on August 16. However, on the same day, Qasim canceled the check issued to him on August 2.
    The documents do not say why the check was stopped, but the investigators told MEE that checks are routinely voided if they raise suspicion.
    Two days later, another check was issued to the Chinese company in the amount of 44 billion dinars ($30 million) and again the documents indicate that Qasim approved it, but the Federal Integrity Authority was informed about this check, according to a source involved in the investigation, as the junior officials were considered in the tax authority this large amount is suspicious.
    The source told the site that there was a large exaggeration in the value of the check, and whatever the value of the tax deposits left by the Chinese company, the refund amount will not reach 44 billion dinars, adding, “The value of the check and the speed of its issuance indicates that there is something wrong, despite the confirmation of tax authority officials.” On the validity of the procedures and documents submitted by the applicant.
    It is worth noting that Qasim was arrested under the “theft of the century” investigation last October, and Middle East Eye could not reach him for comment.
    Involvement of the Integrity Commission
    After issuing these two checks, the Federal Integrity Authority assigned one of its investigators - called PH - to look into the case, as he wrote to the Tax Authority requesting all documents related to the Chinese company's request to recover tax deposits.
    In response, the Acting Director General of the Tax Authority asked the Rafidain Bank to seize the check during the investigation into the matter. However, at the end of August, the Director General of the Investigations Department of the Integrity Commission, Karim Badr Al-Ghazi, wrote to the Tax Authority to say, “We would like to inform you that this authority (the Integrity Commission) did not He asked to stop the check in question,” noting that the information provided by the Tax Authority indicated that “there was no damage to public money.” According to the person involved in the investigation, that letter was “the green light that launched the whole process later. It was a written guarantee from the Integrity Authority.” not to obstruct the process.
    Hours after receiving Al-Ghazi's letter at the end of August, the Acting General Director of the Tax Authority called the Rafidain Bank to allow him to cash the check for the Chinese company amounting to 44 billion dinars. However, on the first of September, a man claiming to be the representative of the Chinese company in Iraq entered the Rafidain Bank branch that maintains accounts. Deposit your tax to the tax authority, and request that the check be paid in cash immediately.
    “There was one last hurdle,” says one of the investigators, “as the bank manager insisted that the money must be deposited in the company's bank account before it could be withdrawn, and the bank manager refused to hand over the money in cash. ”
    The source added that the man did not provide the bank with the details of the company's account and it came out empty-handed, but the investigators believe that this is the moment that prompted the final revision of the plan of the conspirators to steal the century, As instead of targeting official companies, they used a network of fake companies and established bank accounts in their name in the Rafidain Bank. .
    He adds that after only one week, the first check was deposited on September 9 in an account that was opened two days ago in the name of one of these companies and it was called Al Qant General Contracting Company, where the value of the check is - which was withdrawn in cash on the same day - was exactly identical to the amount of the check. Which was issued to the Chinese company, which the bank officials refused to disburse 8 days ago, amounting to 44 billion dinars.
    After that, Middle East Eye learned that BH, the investigator in the Integrity Commission - involved in the case - submitted a request for unpaid leave for 5 years in late 2021, as he left the country for an unknown destination, and that he is currently under an arrest warrant.
    Al-Ghazi was also removed from office last November 6 by Prime Minister Mohamed Shia Al-Sudani due to his failure to prevent theft of tax deposit funds.


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