Where do you go the 40 billion dollars, and how evaporated, and responsible for this scam? This question is posed and vigorously with Osama alngivi announced speaker for commencement of the investigation into the disappearance of the Iraqi Development Fund in cooperation with financial supervision and the Ministry of finance, following accusations by the National Congress leader Ahmed Chalabi. The story of 40 billion
Chalabi spoke about 40 billion dollars lost in the last eight years, believed to be most important, in part, has been lost between 2003 and 2004 in the US civil administrator Paul Bremer. Walngiv j revealed a number of commissions to investigate this and wrap up the corrupt files, including two on the forty billion dollars, adding: there is not yet final accounts on the fate of these funds.
and it seems that no amount of financial data on several grounds including the provision by us overseer Paul Bremer, Iraq in 2003 and 2004, and recent accusations of administrative and financial corruption. added to this investigation about a misappropriation of funds for Iraq Reconstruction Bureau and disclosures of federal budgets approved after 2003 and until the year 2011.
, Vice-President of Finance Committee refers in the previous Parliament were Ismail thanked inter behind huge amount loss as 40 billion dollars over eight years, saying it is the responsibility of everyone in Government and Parliament, in addition to the Office of financial supervision which is providing financial statements and accounts of its competence
He added that “if proven this huge amount loss is catastrophic, it reveals failed Iraqi State institutions in managing funds and mechanisms for distribution and precise calculations on the financial resources of the national income and output, other”
The first concerned the Office of financial supervision are as responsible for public accounts in every government facility both ministries and Government departments and autonomous bodies, Parliament and others, and is also responsible for detecting the closing accounts of approved budgets over the past eight years
I strongly need Parliament to draft a balanced offer of Government disclosures of government spending for the year preceding the adoption of the budget, approved budgets often crashes over the past years due to the desire of lawmakers in the concluding statements but eventually they yrdakhon pressure tight budget confirmation and ykronha without these disclosures
website refers to “the Office of financial supervision” in the absence of Iraq’s disclosures in recent years, and is only presented some mathematical statements for the years between 2004 and 2007, but in subsequent years did not publish any disclosures, which officials received in the Office of oversight to the difficulty and complexity of financial planning
His Deputy Mohammed Salman underlines that responsibility for the loss of these funds is also responsible for detecting returned to Parliament, saying that Parliament is fully responsible for it being a regulator on the work of the Executive branch with all its divisions and its ramifications. Previous presidencies and Parliament had a duty not to recognize any balancing without the final statements for each year, in order to ascertain where fault detecting cases of administrative and financial corruption. And the absence of outcome disclosures become a tradition unhealthy should be stopped and started monitoring the financial exchange mechanisms in the State to prevent administrative and financial corruption in the country
Salman draws to another problem related to computational system failure and theories based on a country’s financial accounts, as States adopt advanced mechanisms cardboard at that stage and modern mathematical theories, Iraq still applies an old system and lag in computational issues on manual method, which will increase errors and devote financial and administrative corruption of embezzlement and financial
, Zafer Al-Ani is likely to be lost during the US civil administrator in Iraq Paul Bremer, noting that there is information and documentation about a waste of Iraqi funds in that stage up to 40 billion dollars. ANI confirms that until this moment didn’t know huge sections of the disbursement of these funds, in order to Exchange Wayne spent, and therefore did not reflect the results of its expenditure on the lives of Iraqis, either living or service, pointing out that parliamentary commissions established to that end will establish the facts
It is known that the Development Fund for Iraq established under UN Security Council resolution and the 2003 United Nations supervision to prevent the drain of funds by creditor countries of the former regime were stipulated in the bank account alkrarali Federal deposit when imports of oil and petroleum products or any frozen funds belonging to Iraq as a central bank deposits frozen during the previous regime if Fired, in addition to appropriations not implemented from the “oil for food” program
and deposited in the Iraq Development Fund “proceeds from oil exports, Iraq and the United Nations withdraw from these revenues 5% is compensation to Kuwait for the 1991 war with Iraq, the Finance Ministry pay debts before the Government overseeing the Iraq Development Fund” in order not to deplete the funds by creditor States. supervises the Fund of the International Council for control and supervision of representatives of the International Monetary Fund and the World Bank and the general funds of the United Nations and the Arab Fund for economic and social development and the representative of the Iraqi Finance Ministry. Fund shall be subject to scrutiny by the auditor is elected in accordance with international standards, and drawing rights limited to Prime or fit, usually financial Minister, and enjoyed the Fund hamaitin: UN Security Council first and second by the Central Bank of Iraq. UN protection expires on 30 June 2011 under resolution No. 1956 issued at the end of 2010, after the Iraq protection these funds.
Iraqi integrity Commission said the four huge files for corruption bear civil Governor Paul Bremer, the first concerns the massive infusion of more than 18 billion dollars out of the country, and second the Iraq Development Fund misuse caused by loss of 20 billion dollars, the third oil and money seized by US forces after the fall of the regime, and has been developed with the Bremer In the file directly, either on the fourth Iraq Reconstruction Fund of US Embassy and grant funds, amounting to 18 billion dollars and that the waste has reached 50percent.
and the authority of the “coalition” headed by Bremer issued several radical decisions unprecedented multinational corporations, notably resolution number 37 which cut taxes from 40 to 15 percent, and resolution No. 39 which allowed foreign companies to own 100% of Iraqi assets, except the natural resource sector, as investors were allowed to pass the entire profits out of Iraq without return investment profits You will tax
under Act No. 39 could sign licenses and contracts last for forty years, decision No. 40 foreign banks have welcomed the generous conditions Iraq itself and in 2003 issued many reports of widespread looting of electrical transmission lines and military bases, in addition to special giant installers by oilfield equipment and there are other menhobat … paid John Hamer, President of the Center for strategic and international studies In Washington, argued that “there is a massive looting operation aimed at stripping anything believed value within Iraq to move abroad, he robbed for the country” but all those files has not been investigated so far by GovernmentsINA
and the biggest corruption in Iraq have not been investigated so far despite promises of successive Governments, on the disappearance of one billion dollars and commissions in Iraq held weapons deal with Serbia during the Defense portfolio in wracked Government of Iyad Allawi, who has rejected Shaalan Iraq now resides outside of this information in a timely manner
and financial oversight of the chef accused Abdel Basset Turki overseer for Iraq Paul Bremer as the former mayors to disable Office of financial supervision to provide cover for the destruction of State institutions and business rules, adding a comment about why the administrative and financial corruption in the country, “Bremer took Iraqi funds allocated for reconstruction work on dispensing without a clear strategy.” Turkish refers to the loss of nearly $ 8 billion during the year who led the Bremer Iraq which stalled the regulatory actions by the Office of financial supervision because of the actions that have been imposed at the time, which encouraged corruption among Iraqis and foreign contractors with the US Army
its part reaffirms “accounting firm. Me. Umm. J. “undertaken responsibility audit DFI that US officials who ran Iraq” thailwa “in dealing with some 20 billion dollars spent during the occupation, it emphasizes that many of the contracts concluded by an interim authority had dissolved the Councilnahdhah.
and so far no explanation not defunct nor provisional authority from the US administration, and by the Government on the fate of those funds.
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