Integrity opens the file (investment portfolio) between retirement and Qi Card and returns more than

[size=46]Al-Nazaha opens the "investment portfolio" between retirement and "Ki Card" and returns more than a trillion dinars[/size]

Policy

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The Federal Integrity Commission revealed the results of its investigative procedures taken in the criminal case of the accused, the former authorized manager of the Global Smart Card Company, and the accused, the former head of the National Retirement Authority, with regard to the violations committed in opening the “retirement investment portfolio.”

The Commission's Investigation Department said, in a statement received by "Digla", that "its investigative procedures for violations committed in opening" the investment retirement portfolio between the Global Smart Card Company and the National Retirement Authority led to the return of an amount of ( 1,158,454,330,228) dinars from the amounts accumulated at the Rafidain Bank due to the retirement board.

And the department added, “The benefits accruing from the retirement investment portfolio have been collected to the account of the National Retirement Authority, which was determined by the joint committee consisting of (the National Retirement Authority, the Rafidain Bank, and the International Smart Card Company), amounting to (368,663,151,201) dinars," noting that "the amount It represents the value of the damage resulting from the violations committed in opening the portfolio, including non-payment of interest accrued from the portfolio from the cash liquidity of the National Retirement Authority.

The department indicated that "the remaining amount out of the total retirement investment portfolio is (542,980,769,771) billion dinars, and it is under payment by borrowers and borrowers, since the time period for the completion of the full payment of the retirement investment portfolio funds and reconciliation of its accounts expires on 2025.”

And she continued, "The details of the case indicate that the International Smart Card Company and the National Retirement Authority signed a report stating that the National Retirement Authority - State Employees' Pension Fund funded a bank account opened in the Rafidain Bank entitled "Retirement Investment." Portfolio" with an amount of (2,250,000,000,000) dinars to be granted in the form of advances. And loans through the Qi Card," pointing out that "the minutes of establishing the portfolio were signed in violation of the law, as it was signed by the head of the National Retirement Authority before obtaining the approval of the authority’s board of directors.”

She added that "there was no financing contract concluded between the parties showing the mechanism for depositing funds, the date of their return to the National Retirement Authority, or the corresponding guarantees in the event of non-recovery of funds, indicating the absence of a database to know the numbers and names of borrowers and borrowers who are reluctant to pay, and not to return the refunded amounts due." the National Retirement Authority," pointing out that "this refers to benefiting from the cash liquidity without any benefit belonging to the Pension Authority, and committing other violations indicated by the report of the Federal Office of Financial Supervision that caused damage arising from non-payment of the interest accrued on the portfolio,

The Commission had revealed on the eighteenth of last August that its investigative procedures and follow-up of the file of the pension issue outside Iraq led to the recovery of (231,352,535,563) billion dinars to the state treasury, which represents the sums owed by the company (Ki Card), warning of the possibility of determining the existence of interest as a result of exploitation Amounts for several years from 2017.[/size]