Al-Shammari: international reports confirm that Iraq has lost $ 6 trillion in 10 years

MP Kazem Al-Shammari: international reports confirm that Iraq has lost $ 6 trillion in 10 years

Published 22/12/2012 09:08 AM

BAGHDAD – “arenas of Liberation”
MP Kazem Al-Shammari said that “international reports confirm that Iraq has lost $ 6 trillion over 10 years.”

He said in a press statement today that “the report of Global Financial Integrity last mentioned figures the size of the loss due to crime, corruption and tax evasion, as well as money laundering.”
He Shammari “The report confirms that the money is legitimate in Iraq originated in suspicious transactions to a number of politicians and senior officials in addition to the embezzlement of public money being pumped back out bleach across deposited in Iraqi banks experiencing weakness and lack of laws regulating them.”

He explained that “the interests of the country require the need for new legislation regulating the work of private banks to follow and need to follow up on money transfers out of Iraq, which had risen sharply during the last three years, according to Altqriralakhir by the U.S. inspector general.”.

The U.S. Inspector General on Iraq, Stuart Bowen, revealed in its latest quarterly before the U.S. Congress unveiled smuggling nearly $ 800 million a week out of Iraq illegally.

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