Blackmail companies transform Iraq into a repulsive environment for investment

Blackmail companies transform Iraq into a repulsive environment for investment

23/04/2015

Ahmed Anbari-Baghdad
Saw Iraq after 2003 is great openness to various political, economic and commercial levels, as shown many international companies desire to enter the country for investment and reconstruction after the devastation that happened, but they collided with reality, and decided to mostly leave without irreversible because of the claim of the body partisan armed groups shares of the value of the contracts between these companies and the government.
Last week saw three foreign workers employed in the Kuwaiti National Cleaning Company in Basra disappearance, and dozens of workers in foreign companies suffered since 2003 for kidnapping.
He says the businessman Hisham Kanani said that “most of the projects assigned today to subsidiaries window of political figures and belonging to the neighboring countries,” he adds in a statement to the island revealed that “discreet companies” that want to work decided to leave because they must pay the proportions of the value of contracts entered into by the politicians, and if refrained The “threat from the presence of armed groups scattered across the country,” he said.
Armed groups
and inferred Kanani on it by saying that the contract awarded to an investment company in order to complete the project in the capital, Baghdad, but more of an armed group belonging to some politicians blocked the start of the project only after obtaining the proportion of the contract.
Refers Kanani said: “When we implement projects in the capital, Baghdad, and specifically in the years of sectarian violence, we give a share of $ 5,000 per month for an armed group affiliated to political hand in order to protect us, but after the state imposed its prestige and downplayed the role of the armed groups refused to give them any money, but they killed investor and stopped work on the project until this moment. ”
And asserts that “businessmen are falling each other through the media, as buying receivables some media or open media of their own hurling accusations Business.” lots of contracts , said a member of the Economic Committee in the House of Representatives Nora Albjara that “blackmail companies operating afternoon when Iraqis take over from the US occupation, “and added that the country is damaged when armed groups have spread everywhere and became its share of government contracts.

Albjara adds that “the contracts sold for 15 started the company and when you reach the last company they can not implement the project due to lack of financial resources, in addition to all of the bear became a contractor, which is reflected in most of the completed projects that have become very poor.”

Antoine: Iraq not done a good investor, but the investor who gives the bribe (Island)
MP explains that “since 2009, there are 9,000 planned $ 280 billion project, and the percentage of completion of these projects did not reach the 5%, mostly ink on paper despite the fact that their money has been spent.”
On the other hand, said Bassem Jamil Antoine Vice President of Iraqi economists Association said that “Iraq has become a repulsive environment for investment because of the spread of financial and administrative corruption, and an investor’s exposure to extortion by armed men, and lack of transparency that stands alongside the investor.”
Antoine noted in a statement to the island revealed that “Iraq is not done a good investor, but comes to him who gives the investor buys receivables and bribery.”
The implementation of projects
and concludes spokesman that “investment did not work in the country, and there are very few projects carried out by investors,” and called Economic Iraqi Board of Supreme Audit to “disclose all the projects that have spent money and did not implement or stolen money.”
Economic Majid picture and pointed out that the figures indicate that even 2012 gold worth 138 billion dollars in the pockets of the mafia, asserting that “extortion led to the escape of Japanese companies in the country,” and adds that “fake companies seized a number of projects including the 6000 project worth 228 trillion dinars ($ 188 billion) has been done so far. ”

aljazeera.net