Revealing corruption amounting to more than half a billion dinars to an account affiliated with Sadd

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[size=52]Revealing corruption amounting to more than half a billion dinars to an account affiliated with Saddam's regime[/size]

[size=45]Yesterday, Wednesday, the Iraq Assets Recovery Fund revealed corruption in withdrawing an amount amounting to (600) million dinars from the account balance of the dissolved National Council.[/size]
[size=45]The Fund’s Vice President, Ayman Dawoud, said in a statement received by Al Mada, “After receiving information about the existence of funds belonging to the former National Council that were transferred to Al Rasheed Bank - Salhiya Branch, the information was referred to the Fund’s Audit Department; To audit it and investigate the fate of those funds,” he explained, “forming a work team that moved to Al-Rasheed Bank. To investigate and collect information about the funds, balances and current accounts of the former National Council.”[/size]
[size=45]He added, “After reviewing and auditing the statements of bank transactions for the account, it became clear that the branch management had made (12) cash withdrawals in the amount of (191,715,508) million dinars, and withdrew the final balance with a record amounting to (406,388,649) million dinars, after which the account was permanently liquidated.” Pointing out that all these operations were carried out during August 2003.”[/size]
[size=45]He explained, “The team moved to the Rasheed Bank branch of the Ministry of Foreign Affairs; Due to the merger of the National Council branch in 2007, and after requesting the trial balance before and after the merger and the relevant bank statements; In order to audit it and verify that the aforementioned amounts were transferred to the Ministry of Finance or to one of the bank’s branches, the team concluded that the amount was not referred to any government agency or that there was no notification or clearing of the amount.”[/size]
[size=45]He pointed out that “the disbursement entry appeared in the list of daily movements, which indicated the disbursement of the above amount with a record.” Which means the possibility of transferring it to another unknown account.”[/size]
[size=45]The Vice President of the Fund pointed out that “the statement of the daily movements of the Council’s account shows that the last banking movement was on 4/3/2003 during which an amount of five hundred million dinars was deposited, stressing the necessity of transferring the total account balance indicated on 4/9/2003 to the Ministry of Finance. The National Council is considered a dissolved institution and no banking operations are being carried out on the account, which indicates suspicions of corruption in the process of illegally seizing the Council’s account balance.”[/size]
[size=45]He stressed, “The responsibility lies with the branch manager, the authorized persons, and the current account and accounting officials.”[/size]
[size=45]He pointed out that the working group included recommendations to refer the file to the Federal Integrity Commission. Based on the text of Article (14) of the Iraq Assets Recovery Fund Law No. (9 of 2012); This is in order to investigate the suspicion of seizure of state funds, and to approach the Ministry of Finance to conduct an administrative investigation.[/size]
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