The Integrity Commission disclosed that Iraq’s endeavor to collect amounts in excess of $ 87 billion as an initial appraisal amount due to 55 countries that had contracted with it prior to Iraq’s occupation of Kuwait to form a contract with that same value goods.
The Head of the Recovery Department at the Integrity Commission said in a press statement that “Iraqi laws authorize two official bodies to recover Iraqi funds abroad, which is the money recovery fund that was formed at the time headed by the Deputy Minister of Finance and the membership of a number of external agencies such as the central bank The duration of economic sanctions on Iraq after the occupation of Kuwait and specialized in the topic of oil for food. ”
He added that ” the official the other side is the circle of recovery , which was formed under Order No. 30 of 2011 , which is concerned with the recovery of money and accused after 2003 due to crimes of corruption, by virtue of the Integrity Commission on the United Nations Convention against corruption, and thus it became the official entity to implement the obligations Iraq under the United Nations agreement did not allow it to communicate with external and counterpart parties. ”
And he added: It is among the United Nations agreement to fight corruption in the fifth chapter of the fourth on the recovery of assets and international cooperation as a restitution department, since most of the laws in force do not regulate and take into account the issue of the recovery of funds with the use of the two funds.
He explained that the issue of the recovery of funds, which is the focus of the conversation, appeared on the surface after the Arab Spring, as there were no lawful laws in this aspect such as the recovery of funds, and accordingly the Commission found the legal basis for one of the chapters to recover the assets and obligated the countries included in the United Nations Convention against Corruption to provide possible assistance Obtained from corruption crimes operations, and the commission started working in this field, as it is Iraqi money that must be worked on.
After the head of the recovery department, the redemption fund has born dead since its founding in the Ministry of Finance, and after that the urgent need to activate it appeared, which was what took place in 2015, and after confirming that there are funds for Iraq with a number of countries, from which it has formed a proposal To recover the money and it was formed in January 2017, within the Prime Minister’s Office considering that it includes all the concerned parties as well as that gives him a kind of strength, and actually began work on creating a database that includes all Iraqi money abroad and has been considered Ed form and sent to all ministries, institutions and provinces than existing funds outside the country before the occupation of Kuwait.
He pointed out that everyone knows that Iraq, after the occupation of Kuwait, all of its money abroad was frozen in Security Council resolutions 660 and 661, whether they were official or people related to the regime, and for example, Iraq had a contract with Italy to complete the end of the eighty One billion and 350 million dollars were delivered to the Italian side of it in the form of oil quantities and other cash. ”
He continued: The contract was lagged due to the Kuwait issue and was postponed and was not executed and the money received from the Italian side and the Zipline M for Iraq, after which it was sold by specialized Italian companies to another party, and despite that, the Italian side filed a lawsuit against Iraq after 2003, and then Iraq hired lawyers to restore its right.
And he added: There is another contract with Spain worth 11 million dollars in agreement with the Ministry of Industry to provide Iraq with various industrial materials, which was also not implemented due to the Kuwait war, and they were discussed recently with the Spanish side, who confirmed its willingness to pay the money but in the form of goods, noting that contact had been made with the Ministry Industry and now we are in the process of importing goods to the Ministry worth the amount, disclosing that its department has a database and statistics for 55 city-states in Iraq.
The head of the Integrity Commission stressed that the work team that was formed in the year 2017 worked on amending the law of the Fund for the Recovery of Funds and the orientation had to be in the Integrity Authority and transferred the priorities of the recovery team to the Fund, including statistics on the amounts that belong to Iraq in the hands of 55 countries as a result of contracts concluded before the occupation of Iraq For Kuwait and the establishment of a database that includes all Iraqi money abroad.
He added that he was prepared form sent to all ministries, institutions and provinces than existing funds outside Iraq, especially that the money claimed by Iraq documented and not money companies which contracts concluded are not implemented and dilatory because of the subject of Kuwait, stressing that the figure speculative for these amounts is estimated at 84 One billion and 291 million dollars, in addition to two billion and 337 million euros, and nearly one trillion and 326 billion dinars, indicating that the Fund is currently working on ensuring non-cash P information in this debt between the ministries and government institutions and provinces “.anthy