Warnings of the loss of Iraq’s money abroad and parliamentary calls to legislate a law to recover it
Warnings of the loss of Iraq’s money abroad and parliamentary calls to legislate a law to recover it
Monday, June 21, 2021 | 09:20 am
On Monday, members of the House of Representatives called for the enactment of a law to recover that money before the end of the current parliamentary session so that it does not go into the pockets of the corrupt .
A member of the Finance Committee, Ahmed Suleiman, said, “Iraq possesses frozen and smuggled sums in foreign banks estimated at about 500 billion dollars, which requires the executive authority to move quickly to recover them and address the financial situation .”
On the other hand, the representative of the Al-Fateh Alliance, Hassan Shaker, warned of “the danger of the smuggled money going to the pockets of the corrupt, especially since the government did not make clear any seriousness to recover these funds,” stressing “the need to expedite the legislation of the law to recover Iraqi funds abroad and not to transfer its law to the next parliamentary session .
In addition, the legal expert, Tariq Harb, explained that “there is great importance to legislating the aforementioned law, in addition to that it does not need more than a week in Parliament, in addition to that it depends on the judicial and punitive side, and not only the seizure of funds, and also depends on the international side, not only the internal one.” .
aynaliraqnews.com
