Recover funds smuggled plugging a budget deficit
03/7/2016 12:00 am
Baghdad – joy of pumice.
Coinciding with the Government's attempt to combat administrative and financial corruption in State correctional procedures within joints, invitations to retrieve looted and smuggled Iraqi funds abroad because of its importance in reviving Iraqi economy if recovered, at a time when financial expert suggested selling the property system aiming his inside and outside Iraq at auction for billions of dollars.
According to parliamentary committees in previous comments, more than $50 billion run by dictatorial system locations annihilated, noting that the money was part of the track by successive Governments after the year 2003.
The Prime Minister Haidar Al-Abbadi last month requested the assistance of the United Nations and its specialized organizations in the fight against corruption to help the Government recover Iraqi funds smuggled abroad.
Financial expert sees THAMER Azzawi to retrieve smuggled Iraqi funds abroad would address the budget deficit, in addition to supporting the Iraqi economy.
Azzawi confirmed for «morning» no specific numbers of fleeing regime annihilated, but successive Governments figures indicate the magnitude and importance at the moment, especially now that Iraq is going through a financial crisis and needed no money supported his plans.
She was a member of the parliamentary Economic Committee answer truthfully, Najib said in previous statements that many Iraqi money smuggled out of the country to invest in some Arabic and foreign countries under fake names and addresses,
stressing «access those funds obtained fake or corrupt investment contracts, and retrieval to Iraq, particularly to funds that have been recovered so far is very low compared with the amount of money that ran away.
Azzawi praised the work of financial control and integrity during the past period which saw an intensification of efforts on this file, as well as the support and assistance of others as the State Department and others, stating that this file is important and requires locally and internationally to make it work.
Financial expert proposed selling the property regime annihilated either inside or outside Iraq at auction, since this step to verify that the billions of dollars of hard currency, especially if the regime and his they had thousands of real estate, land and businesses.