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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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    Integrity announces the return of more than a trillion dinars in the investigations of the investmen

    rocky
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    • Post n°1

    Integrity announces the return of more than a trillion dinars in the investigations of the investmen Empty Integrity announces the return of more than a trillion dinars in the investigations of the investmen

    Post by rocky Thu Jan 26, 2023 7:10 am

    Integrity announces the return of more than a trillion dinars in the investigations of the investment portfolio issue

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    Economy News-Baghdad
    Today, Thursday, the Federal Integrity Commission announced the return of more than a trillion dinars in the investigations of the investment portfolio case.
    A statement of the authority stated that “the investigation department of the authority, while speaking about the details of the case that the authority investigated and referred to the judiciary, stated that its investigative procedures regarding the violations committed in opening the retirement investment 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 collected at the Rafidain Bank due to the Pension Authority.
    He added, "The benefits accruing from the retirement investment portfolio were obtained 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," pointing out that "the amount 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.
    He pointed out 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 expiring the payment of the full funds of the retirement investment portfolio and matching its accounts expires in 2025."
    He 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.”
    And he indicated that "there was no financing contract concluded between the parties that shows the mechanism for depositing funds, the date of their return to the National Retirement Authority, or the corresponding guarantees in the event that the funds are not recovered," pointing out that "there is no database; to know the numbers and names of borrowers and borrowers who are reluctant to pay, and not to return Refunds due to the National Pension Authority.
    And he stressed, "This refers to benefiting from cash liquidity without any benefit belonging to the retirement authority, and committing other violations indicated by the report of the Federal Office of Financial Supervision that caused damage arising from non-payment of interest on the portfolio, in addition to the original amount of the portfolio to the party requesting the complaint (the National Retirement Authority). )", warning of "exploiting the insurance on the investment portfolio by deducting amounts from each borrower as insurance through establishing a company for the accused (the authorized director of the global smart card company."
    It is noteworthy that the Integrity Commission revealed on the eighteenth of last August that its investigative procedures and follow-up of the file of the issue of pension salaries 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 due to Exploitation of amounts for several years from the date of 2017.

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    Added 01/26/2023 - 1:39 PM
    Updated 01/26/2023 - 2:09 PM


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    rocky
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    • Post n°2

    Integrity announces the return of more than a trillion dinars in the investigations of the investmen Empty About a trillion dinars returned to the state after investigations of the investment portfolio case

    Post by rocky Fri Jan 27, 2023 7:51 am

    [size=38]About a trillion dinars returned to the state after investigations of the investment portfolio case[/size]


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    January 26, 2023[You must be registered and logged in to see this link.]
    Baghdad / Obelisk: The Federal Integrity Commission announced, on Thursday, January 26, 2023, the return of more than a trillion dinars, through investigations of the investment portfolio case.
    A statement by the authority stated, “The investigation department of the authority, while speaking about the details of the case that the authority investigated and referred to the judiciary, stated that its investigative procedures for violations committed in opening the retirement investment 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 Authority.
    He added that “the benefits accruing from the retirement investment portfolio were obtained 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 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.
    He pointed out that “the remaining amount out of the total retirement investment portfolio is (542,980,769,771) dinars, which is being paid by borrowers and borrowers; The fact that the time period for the completion of the full payment of the funds of the retirement investment portfolio and the reconciliation of its accounts expires on the date of 2025.
    He continued, “The details of the case indicate that the International Smart Card Company and the National Retirement Authority signed a report including 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.”
    And he indicated that “there was no financing contract concluded between the parties indicating 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,” noting that “there is no database; To know the numbers and names of borrowers and borrowers who are reluctant to pay, and not to return the refunds due to the National Retirement Authority.
    And he stressed, “This refers to benefiting from cash liquidity without any benefit belonging to the retirement authority, and committing other violations indicated by the report of the Federal Office of Financial Supervision that caused damage arising from non-payment of interest on the portfolio, in addition to the original amount of the portfolio to the party requesting the complaint (the retirement authority). National)”, warning of “exploitation of investment portfolio insurance by deducting amounts from each borrower as insurance through the establishment of a company for the accused (the authorized director of the global smart card company.”
    It is noteworthy that the Commission of Integrity revealed on the eighteenth of last August that its investigative procedures and follow-up of the file of the issue of pension salaries outside Iraq led to the recovery of (231,352,535,563) 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.
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