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[size=52]Former MP: Black money is the most important factor in the rise of real estate in Iraq[/size]
- Today 12:40
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Information / Baghdad
MP Ayoub Al-Rubaie confirmed on Tuesday that what he called “black money” is the most important factor that led to the rise in real estate prices in Iraq.
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Al-Rubaie told Al-Maalouma Agency, "Corruption is eating away at Iraq's institutions, and has made some influential people enjoy obscene wealth by consuming public money."
He added, "A not insignificant portion of the black money went to buy real estate in city centers, including Baghdad, which led to a crazy rise in real estate prices."
He explained that "real estate prices in some areas of Baghdad are the highest in the Middle East."
He pointed out that "the implementation of the 'Where did you get this from' law must receive attention because it is the beginning of exposing the corrupt and protecting public money." End 25 F
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MP Ayoub Al-Rubaie confirmed on Tuesday that what he called “black money” is the most important factor that led to the rise in real estate prices in Iraq.
[You must be registered and logged in to see this link.]
Al-Rubaie told Al-Maalouma Agency, "Corruption is eating away at Iraq's institutions, and has made some influential people enjoy obscene wealth by consuming public money."
He added, "A not insignificant portion of the black money went to buy real estate in city centers, including Baghdad, which led to a crazy rise in real estate prices."
He explained that "real estate prices in some areas of Baghdad are the highest in the Middle East."
He pointed out that "the implementation of the 'Where did you get this from' law must receive attention because it is the beginning of exposing the corrupt and protecting public money." End 25 F
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