Select their locations.. The framework cuts off hopes for the return of smuggled Iraqi funds
1,674 economy 2022/11/17 19:57
The leader of the coordination framework Jamal Hassan, on Thursday,
the impossibility of returning Iraqi funds smuggled abroad, indicating that
those funds, estimated at tens of billions of dollars, entered the economies of countries smuggled to them
and cannot be recovered.
Hassan said in an interview with (Baghdad today), that
"there is no exact figure on the size of the looted Iraqi funds that fled abroad after 2003,
but it amounts to tens of billions of dollars," considering that
"what happened is piracy involved many and the affected is the people in all its spectrum. He added that
"the money went to the banks and economies of several countries through which factories were built and partnership in the housing sectors and other things," pointing out that
"talking about the possibility of recovering those funds is unrealistic and
this matter should be openly addressed to public opinion because
the corrupt are not stupid and have taken a series of measures to complicate any attempt in this direction,
in addition to the fact that there are countries benefiting from those huge funds that revived investments in vital sectors within them. He pointed out that
"putting forward the file of recovering those funds every time is for media consumption and
there has been no movement in this direction, although it has been put forward for 15 consecutive years," pointing out that
"money piracy can be stopped by a real fight against the loopholes that lead to the looting of Iraq's funds, otherwise nothing will happen.
Specialists and international institutions estimate the money smuggled from Iraq since 2003 at about 350 billion dollars,
which is equivalent to Iraq's budgets for 4 years.