With the documents … a “large network” seizes the currency auction, including one funded by ISIS
With the documents … a “large network” seizes the currency auction, including one funded by ISIS
09/20/2020 14:52:00
{International: Al Furat News} coinciding with the start of the arrest campaign in Iraq to combat corruption under the umbrella of Prime Minister Mustafa Al-Kazemi, it seems noticeable the changes that have occurred in high-ranking positions, including the position of the governor of the Iraqi Central Committee, Ali Al-Alaq and the appointment of Mustafa Ghaleb as his successor.
In an investigative investigation, in cooperation with Iraqi sources, it revealed “a large network of Iraqi businessmen and banks that acquire the so-called foreign currency sale window in the Central Bank of Iraq.”
To be clear, and with the documents, that they are fake companies belonging to Iraqi people that obtain dollars supported by the Central Bank of Iraq under the pretext of importing goods and goods into Iraq.
Sources describe the “currency auction window” in Baghdad as a gateway to corruption, as the Central Bank of Iraq usually sells dollars to Iraqi private banks after obtaining oil revenues, which in turn sell them to Iraqi companies according to requests to import goods and goods.
Part of the import requests are “fake and forged,” meaning that dollars are sold at subsidized prices to banks by means of a “currency auction”, without goods being imported in return, so that these funds are transferred to exchange companies, some of them linked to ISIS terrorist gangs, even though they have been subjected to American and international sanctions.
In addition, this matter is considered a violation of the Federal Budget Law of the state in 2015, which set the sales of the Central Bank of Iraq at $ 75 million per day, but today the amount ranges as an average between $ 150 – $ 200 million, or nearly 3 times the estimated amount specified in the law, and this is what it shows The results of the foreign currency sale window published by the Central Bank on its official website.
Committee member Magda Al-Tamimi considered that the decision was a “blow to anti-corruption efforts” in government departments at the time, in the year 2015.
When checking the private banks that obtain subsidized dollars to receive them to Iraqi merchants, sources say that nearly half of the banks that participate in the window of sale The currency that is supervised by the Central Bank of Iraq belongs to personalities close to political figures, and this is what brings them huge profits.
One of the documents prepared by the late head of the Parliament’s Finance Committee, Ahmed Chalabi, shows how the Al-Hoda Bank, which is owned by {H. M}, in the period between 2012-2015, it bought 6.5 billion dollars for 3 financial transfer companies
It is to be noted here that, recently, the Supreme Judicial Council / Baghdad Rusafa Federal Court of Appeal demanded, on 8-8-2019, to lift the immunity of H.M. for the crime of appropriating money in another case.
It was later revealed through the documents that the Al-Mahaj Money Transfer Company had dealt with Al-Rawi Exchange Company to transfer amounts of no less than $ 547 million during the year 2014 only, according to Chalabi.
The biggest surprise is that Al-Rawi Exchange Company was subjected to sanctions in April 2019 by the US Treasury Department, due to its funding of terrorism.
According to the US Treasury Department report, the six individuals who have been blacklisted constitute the main strength of what is known as the “network of narrator”. They are Mushtaq Talib Zughair Al-Rawi, an Iraqi citizen residing in Belgium, who leads the network’s operations in Turkey and Iraq, in addition to To his son and two brothers, along with two other relatives.
The US Treasury Department’s statement indicates that, as of November 2017, Mushtaq Al-Rawi supervised the transfer of funds to ISIS using the remittance network across Iraq and Turkey where ISIS salaries were paid in Syria.
In turn, the Iraqi Central Bank denied any relationship between Al-Mahaj Money Transfer Company and Al-Rawi Exchange Company, so that the response came quickly from the Finance Committee in the House of Representatives, indicating a statement of accounts for bank transfers that took place between the immigrant and the narrator, as the documents below show.
But more than that, as a document issued by the Ministry of Commerce / Companies Registration Department showed that nearly half of the sums that were sold from the foreign currency sale window during the period from 1/1/2014 to 2/28/2015 have not been identified. Accordingly, 29 companies out of 32 are not registered in the Companies Registry.
Since September 2016, the European Union had placed Iraq on the list of high-risk countries related to money laundering and terrorist financing, and even when the Iraqi Foreign Ministry requested that the name of Iraq be removed from this list, the European Union rejected this request, indicating that it may do so in October. October, but Iraq must achieve all the necessary criteria to join these countries.
alforatnews.com
