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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 investigates “irregularities” in the work of the Housing Fund at the Ministry of Construct

    Rocky
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    Integrity investigates “irregularities” in the work of the Housing Fund at the Ministry of Construct Empty Integrity investigates “irregularities” in the work of the Housing Fund at the Ministry of Construct

    Post by Rocky Sun 17 Mar 2024, 4:12 am

    [size=35][size=35]Integrity investigates “irregularities” in the work of the Housing Fund at the Ministry of Construction[/size][/size]
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    03-17-2024 | 03:32
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    Al-Sumaria News - Politics

    The Federal Integrity Commission proposed today, Sunday, an increase in financial allocations to the Housing Fund, in order to cover the largest segment of citizens applying for housing loans, and to coordinate with the Central Bank of Iraq to relaunch the housing initiative and monitor the necessary allocations for that.


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    The Authority explained in a statement that “the team in the Prevention Department, which made visits to a number of departments of the Ministry of Construction, Housing, Municipalities, and Public Works, to review the problems and obstacles hindering its work, monitored the failure of the Ministry of Finance to disburse the amount of the operating budget allocated to the Housing Fund for the year 2023, amounting to Trillion dinars, calling for state ministries to fulfill the monthly deduction amounts from their employees who borrow from the Fund, in addition to the Fund imposing fines on borrowers who are reluctant to do so.”



    The Authority pointed out, “the presence of (6,166) delinquent borrowers who owed (36,479,773,000) thirty-six billion dinars,” explaining “the difficulty of implementing the guarantor system guaranteeing the borrower, which forces the borrower to provide more than one guarantor.”

    The authority added that “the Prevention Department, in a report, a copy of which was sent to the Office of the Prime Minister and the Ministers of Construction, Housing, Municipalities, Public Works and Finance, urged the Fund to continue paying the late financial amounts owed by investment companies and banks, amounting to (19,224,675,000) billion dinars,” pointing out “not to exploit The Fund’s reserve account balance for expansion amounts to (7,241,123,000) billion dinars, for the purpose of expansion and acquisition of buildings for its branches in the governorates.”

    According to the authority, the report recommended “accelerating the on-site inspection procedure for the properties to be disclosed, to facilitate procedures and reduce the period for granting loans, after noticing the delay in auditing citizens’ transactions in the Fund’s electronic acceptance unit for more than two months, and it was also noted that there was a large presence of lawyers in the borrowers’ hall who They charge sums from borrowers in exchange for facilitating the procedures for receiving the loan, and he stressed the need to resolve lawsuits against others and investigative committees for cases of forgery, bribery, embezzlement, and administrative and financial violations against employees, noting that there are (38) lawsuits and (73) investigative committees that have not been resolved.” .

    The authority stated that “the report touched on the Housing Department’s failure to send the project financial accounts to the state treasury and its disposing of the tax deposits for the investment plan project contracts,” pointing out that “the department’s financial department withdrew an amount of (182,289,541,132) billion dinars from the trust account, the “trust bank.” In Al-Rasheed Bank, its fate and its disbursements have not been determined, in addition to its failure to pay the due tax deposits amounting to (13,245,190,477) billion dinars, and it also transferred (58,000,000,000) billion dinars from the “Deposit Bank” to the “Current Bank” in the year 2015, for the purpose of disbursement. At the expense of investment projects without obtaining the approval of the Ministries of Planning and Finance for the disbursement that was made based on the approval of the Minister of Construction, despite the lack of authority to disburse the amount, as it has not yet been determined whether it has been paid or not.”

    The report indicated, “(8,718,749,477) billion dinars were withdrawn from the department’s account opened at Rafidain Bank during the year 2021, while the deposit amount was (9,108,947,029) billion dinars, and the deposit and withdrawal destination was not known or the bank reconciliation was prepared, in contravention of the instructions and procedures that must be followed,” adding that The financial department in the department disbursed more than (2,705,000,000) billion dinars from the trust account without a reserved balance for the creditor in the account for the revolving balance for previous years.”
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