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Showing results for tags 'looted and smuggled money'.
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President of the Republic: Iraq has lost a trillion dollars since 2003 due to corruption Iraqi President Barham Salih introduces the draft law on "recovering the proceeds of corruption" May 23, 2021 12:05 PM Mubasher: The Iraqi President, Barham Salih, confirmed today, Sunday, that the draft law on recovering the proceeds of corruption includes pre-emptive and deterrent measures, indicating that Iraq has lost a thousand billion dollars since 2003; Because of corruption . The President of the Republic, while presenting the draft law on "recovering the proceeds of corruption", said that the draft law on recovering the proceeds of corruption includes pre-emptive and deterrent measures, stressing that the draft law includes subsequent steps to recover the money of corruption, according to a statement issued by the Presidency of the Republic. Saleh added that the law to recover the proceeds of corruption also includes support for financial and supervisory institutions and activating their tools, indicating that corruption has disrupted the people's will to progress and build, and caused the demonstrators to leave the country to demand a homeland free of corruption. And the President of the Republic pointed out that Iraq had lost a thousand billion dollars since 2003 due to corruption, in addition to the 150 billion dollars that had escaped from corruption deals abroad since 2003. Saleh pointed out that it is not possible to deal with corruption locally, pointing out that the draft law on recovering the proceeds of corruption seeks to recover the money of corruption through agreements with states and cooperation with international bodies. The President of the Republic called for the formation of an international coalition to combat corruption, indicating that corruption is the political economy of violence, stressing that all institutions take a serious, decisive and firm stand to confront the scourge of corruption, stressing that corruption is no less dangerous than terrorism.