The suspicious facts in the disappearance of 2.5 billion dollars!

The suspicious facts in the disappearance of 2.5 billion dollars!

10-21-2022

The suspicious facts in the disappearance of 2.5 billion dollarsThe struggle for positions, especially those that provide major investments in public money, revealed the systematic theft of an amount of 3.7 trillion Iraqi dinars (approximately 2.5 billion US dollars), from the tax trust funds deposited with the Rafidain Bank for the account of the General Tax Authority, in less than a year. one!
This scandal, which is one of many financial scandals, was revealed when the Iraqi parliament decided to terminate the assignment of the Minister of Finance as an agency, to later find out that the dismissal was directly related to a letter sent by the Ministry of Finance only one day before, to the House of Representatives / Finance Committee, stating that the sums of 3.7 A trillion Iraqi dinars were “acquired” by five companies without going to the real owners of the right to recover the tax deposits!
The documents and information list the following facts:
On February 26, 2017, Prime Minister Dr. Haider Al-Abadi issued a decision assigning the Financial Supervision Bureau to audit all transactions of returning customs and tax deposits before disbursing them.
– On July 13, 2021, the Chairman of the Finance Committee in the Iraqi Parliament sent a letter to the Ministry of Finance proposing that the General Tax Authority alone audit the exchange operations and remove the Financial Supervision Bureau from this audit!
– On July 27, 2021, the Financial Supervision Bureau sent a letter to the Office of the Prime Minister requesting an opinion regarding the continuation of the audit process or the adoption of the proposal of the Chairman of the Finance Committee in the House of Representatives, while emphasizing that the Bureau “supports the committee’s proposal”!
– On July 28, 2021, two companies were established, in the name of one person, and he is the same who owns a third company in his name that was established on July 6, 2021, and it is clear that it was established for the purpose of carrying out theft! And this person shared the stolen amount with a second person who owns two other companies (which are surely just a front for the real thieves)!
On August 1, 2021, the Office of the Prime Minister issued an unjustified letter supporting the proposal of the Chairman of the Finance Committee in the House of Representatives, that the Board of Financial Supervision should abandon the task of auditing!
On August 3, 2021, the Chairman of the Finance Committee sent a second letter to the Ministry of Finance, demanding the removal of the Board of Financial Supervision from auditing!
On August 4, 2021, a decision was issued to appoint a new director general for the General Tax Authority, and it is known that such a position must nominate a political actor!
– On August 10, the General Tax Authority sent a letter to the Ministry of Finance confirming that it will alone audit transactions for the return of trust funds without the intervention of the Financial Supervision Bureau!
On August 26, 2021, the Minister of Finance issued a letter to the General Tax Authority to undertake the audit alone!
On August 31, 2021, the Integrity Commission sent a letter to the General Tax Authority about the existence of doubts regarding the payment of one of the checks/checks related to the trusts. The exchange is based on the fact that the General Tax Authority said in its letter that it sent to the Integrity Commission that there is no harm in public money!
On September 9, 2021, the first of these grand theft checks was issued, and over a period of approximately 11 months, 247 checks/cheques were issued, amounting to 3.7 trillion Iraqi dinars, the last of which was issued on August 11, 2022!

Corruption in Iraq is not individual corruption, it is structural corruption, and all state authorities and institutions are joint partners in this corruption, from the House of Representatives to the Council of Ministers to the General Tax Authority to the Integrity Commission to the Office of Financial Supervision

– In March 2022, the Director General of the General Tax Authority changed again (this means that the major theft took place in the custody of two directors and not one director), without knowing whether it came from the same political actor who nominated the first or is he a candidate for another political actor !
On April 10, 2022, the former head of the Finance Committee in the House of Representatives and the owner of the proposal to remove the Office of Financial Supervision from the audit process, and who is specialized in mechanical engineering, assumed the position of financial and economic advisor to the Prime Minister!
On August 16, 2022, Finance Minister Ali Abdul-Amir Allawi submitted his resignation, and the text of his resignation stated the following text: “Extensive secret networks of high-ranking officials, businessmen, politicians and corrupt state employees are working in the shadows to control entire sectors of the economy, withdrawing billions of dollars. from the public treasury. These networks are protected by the major political parties, parliamentary immunity and the arming of the law.”
– On August 21, 2022, a book was issued by the judiciary (Baghdad Court of Appeal / Karkh) addressed to the Ministry of Finance indicating that there are “cases of corruption in the process of disbursing customs and tax deposits” and therefore demanded a halt to their disbursement! However, the court did not take any measures to investigate this incident, as evidenced by the fact that no arrest warrants were issued for anyone, and that all recruitment books, not arrests, appeared after the scandal was revealed and not before it!
– On October 11, 2022, a letter was issued by the Iraqi Prime Minister to the Federal Integrity Commission in which he directed “to conduct an investigation with information and statements that contain irregularities in the process of disbursing tax and customs deposits”!
– On October 12, the Acting Minister of Finance sent a request to the Prime Minister to relieve him of his duties as Acting Finance Minister, in which he indicated that “the theft was absolutely clear-cut!” And that the House of Representatives’ decision to terminate his assignment is in the interest of “those who seized the amount and those who issued them the bonds and exchange permits,” in addition to the fact that a number of “senior leaders of the country” advised him to leave the ministry when they found it, as he said: “Among the plans and efforts of several parties that met with Its interests are to stop my procedures at the Ministry of Finance as soon as possible.”
On October 18, the Prime Minister said in a shocking statement that the issue of theft “does not concern the government, but rather a department of the Ministry of Finance”! And that the judiciary had started investigations for months and quietly, but some knew that accountability would reach him, so he tried to make a fuss, and take advantage of some circumstances to create chaos and cover up the real corrupt! But the Prime Minister did not tell us why he delayed issuing his order to the Integrity Commission to investigate until after the scandal was discovered!
– On October 19, the resigned Finance Minister Ali Abdul-Amir Allawi issued a statement explaining that he had issued a ministerial order on November 1, 2021 to the General Tax Authority not to disburse requests for the refund of deposits before obtaining the approval of the Minister! But the Tax Authority did not abide by this, but rather, jointly with the Rafidain Bank, disbursed the amounts “without the Ministry of Finance having any interference in these dangerous practices”!
On October 19, 2022, the Central Bank of Iraq sent a letter to all banks, requesting the bank accounts of the five companies that seized these funds, and the people who took over the process of cashing the checks / checks, that is, more than two months after the supposed investigations of the judiciary into the crime !
All of the foregoing “suspicious” facts confirm what we have always said, that corruption in Iraq is not the corruption of individuals, but rather structural corruption, and all state authorities and institutions are joint partners in this corruption, from the Parliament to the Council of Ministers to the General Tax Authority to the Integrity Commission To the Board of Financial Supervision, to the Central Bank of Iraq, to ​​the Registrar of Companies, to the judiciary itself. And that state institutions have turned into fiefdoms for political actors, in every sense of the word, who act in them as they please because they are immune from behind them, which allowed the seizure of 2.5 billion dollars, without any party trying to prevent or stop this theft, and most importantly The planners and perpetrators of this grand theft are still at large, in their sensitive positions and able to cover up the crime, as happened before this!

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