New details about Saddam's money in Lebanese banks!

[yota691]

Iraq receives the money of Saddam Hussein from Lebanon .. And 4200 balance in the process of research and restoration

09:42 - 08/08/2018

 

 

 

Mawazine News 
The Association of Lebanese Banks announced on Wednesday the transfer of funds held by the government of Saddam Hussein to the Iraqi government through the Federal Reserve Bank of America. According to Al Jazeera. 
According to the Association of Lebanese Banks, "These funds have been transferred to the benefit of the Iraqi authorities, which claim to be restored for some time." 
The Iraqi authorities have enacted a law allowed whereby the Supreme National Commission for Accountability and Justice to prosecute former President Saddam Hussein 's money, his family and his relatives and symbols of the system 
, said Assembly President Joseph Tarabay, said that " there was a transfer of these deposits to the US Federal Bank to put them in the Iraqi Central Bank account under the supervision of military authorities and the Central Bank of Lebanon And 
thus Lebanon has completed the procedures and returned funds deposited in the name of the Iraqi government during the US occupation of Iraq.
But the Association of Banks did not talk about about 4,200 accounts that Iraqi authorities say belong to the symbols of Saddam's regime and their families. 
Lebanese law prohibits the disclosure of any information related to individuals' accounts and the amounts deposited therein, and requires complex legal procedures to establish the right of any heir or agent. 
However, this may become possible if the Iraqi authorities formally request Lebanon to investigate the existence of funds for persons who have held official positions or individuals who have been laundering funds for the former regime.

[yota691]

The outstanding debts between Iraq and Lebanese companies ... have been closed

 

Wednesday 8 August

 

 

 

 

Alsumaria News / Baghdad  The media office of the Minister of State for Combating Corruption in the caretaker government, Nicola Tueni , confirmed that he received the news of a financial transfer from the Central Bank of Iraq to the Lebanese banks by paying a deposit from the Central Bank of Iraq Branch of Erbil.  "We thank Prime Minister Haider al-Abbadi , Acting Minister of Finance Maher Hammad Johan, Director of the Central Bank Ali Al-Alak and all those who helped and contributed to the recovery of these amounts owed to Lebanese banks," he said in a statement.     We hope that all issues of outstanding debt between the Iraqi state and Lebanese companies and institutions will be closed within the framework of the principle of brotherhood and friendship between the peoples of the two brotherly Arab countries.  "The special thanks are for the support we have received from President Michel Aoun in the successful implementation of this national mission," he said.

[yota691]

The Central Bank of Iraq pays $ 83 million to Lebanon

 

 

The Lebanese government has officially received a report from the Central Bank of Iraq (CBI) to Lebanese banks to pay a debt of $ 83 million. 
The Office of the Minister of State for Anti-Corruption Affairs in the caretaker government, Nicola Tueni, the news, pointing out that the financial transfer paid from the deposits of the Lebanese banks with the Iraqi Central Branch Erbil.

Dune has been worth billions of dollars since 2003. 
The Minister of the Twaini explained earlier that the debts recognized by Iraq owed for the years 2003 and above, estimated at about one billion dollars, but the benefits belong to legal persons (companies and banks). The repayment would revive the Lebanese economy, he said. 
The subject of these outstanding debts was discussed during the visit of President Michel Aoun to Iraq during the month of February, as all the files were submitted to them.

3 types of debt 
Lebanese debt is divided into three types: the first, the debts of about 153 Lebanese industrial companies on Iraq for the period from 1993 to 2003. It amounts to about one billion dollars under the Lebanese accounts. 
These debts were incurred by Lebanese companies that operated under the umbrella of "oil for food". 
Iraq will pay only 10% of the debts, in exchange for the cancellation of the file, as decided at the Paris Club with all the global debt that resulted from Iraq during the years of the siege of the tenth from 1993 to 2003. 
The second type is the Lebanese debts accumulated in Iraq since the fall of Saddam Hussein In 2003, estimated at about $ 1 billion, was not claimed by Lebanon throughout this period due to Iraq's difficult circumstances. 
It was discussed during the visit of President Michel Aoun to Baghdad last February.
The third type is the deposits of the Lebanese banks with the Central Bank of Iraq, which arose after the transfer of the funds of the Lebanese banks at the request of the Iraqi authorities to the Iraqi Central Bank in the form of deposits as a condition to open additional branches, but these branches were not opened additional $ 83 million except And therefore Lebanon has requested that it be recovered.

Keywords: 

[dinareffic]

Iraq receives the money of Saddam Hussein from Lebanon .. And 4200 balance in the process of research and restoration

The Association of Lebanese Banks announced on Wednesday the transfer of funds held by the government of Saddam Hussein to the Iraqi government through the Federal Reserve Bank of America. According to Al Jazeera.

According to the Association of Lebanese Banks, "These funds have been transferred to the benefit of the Iraqi authorities, which claim to be restored for some time."

The Iraqi authorities have enacted a law allowed whereby the Supreme National Commission for Accountability and Justice to prosecute former President Saddam Hussein 's money, his family and his relatives and symbols of the system , said Assembly President Joseph Tarabay, said that " there was a transfer of these deposits to the US Federal Bank to put them in the Iraqi Central Bank account under the supervision of military authorities and the Central Bank of Lebanon And thus Lebanon has completed the procedures and returned funds deposited in the name of the Iraqi government during the US occupation of Iraq.

But the Association of Banks did not talk about about 4,200 accounts that Iraqi authorities say belong to the symbols of Saddam's regime and their families.

Lebanese law prohibits the disclosure of any information related to individuals' accounts and the amounts deposited therein, and requires complex legal procedures to establish the right of any heir or agent.

However, this may become possible if the Iraqi authorities formally request Lebanon to investigate the existence of funds for persons who have held official positions or individuals who have been laundering funds for the former regime.

Article Credit: https://www.mawazin.net/

[Carrello]

Thanks, Dinareffic! This is great news and more progress for Iraq.

[dinareffic]

Hope your doing well Carrello?  Was thinking today, I cant believe I've held this currency for 13 years now.  Such a long time. 

[pokerplayer]

Just now, dinareffic said:

Hope your doing well Carrello?  Was thinking today, I cant believe I've held this currency for 13 years now.  Such a long time. 

 

 

I sure agree with that dinareffic. I just hope I don't gett altimers and do this trip a second time, the first 14yrs. plus was bad enough.... 

 

   pp

[Butifldrm]

 

2018/08/09 09:29

• Number of readings 36
•  

Lebanon: We have received two official letters from Iraq on debt

 

 

The Lebanese newspaper Al-Akhbar reported on Thursday (August 9th, 2018) that the Lebanese Minister of Combating Corruption, Nicola Tueni, in his official capacity to follow up the Lebanese debt issue in Iraq, has received two books from Iraq.

 The first, in which Iraq expresses its commitment to the contractual terms that occurred with the Lebanese traders between 2003 and 2008, but they put the previous debt dating back to 2003 in another field, Tueni said that the Iraqi state will apply to the debt of the last applied to the creditor countries for this period By going back to the Paris Club.

 The second book was a report from Iraq on payment of a payment of deposits of the Lebanese banks with the Central Bank of Iraq Branch of Erbil.

Tueni describes the Iraqi correspondence as "positive." As for the debts of the traders, Tueni asserts that the Iraqi authorities have been contacted. "We told them that we were in agreement with the post-2003 debt, but we do not agree with the previous debt, Judge Maysam Al-Nuwairi confirms that the conditions of the Paris Club for debts apply to countries and do not apply to institutions and individuals who have contracted with the Iraqi state. "

 With regard to the bank file, he expressed his satisfaction, hoping to close all outstanding issues between the two sides, and between 1990 and 2008, the accumulation of $ 953 million of debts owed to Lebanese institutions and individuals in the State of Iraq "without interest."

 During this period, events took place in Iraq, from the US embargo to the oil-for-food program, the US invasion of Iraq and the ongoing political struggle for power. The file remained stuck all these years. In 2011, Lebanese banks decided to open branches in Erbil. To apply the Iraqi regime, which provides for the deposit with the Central Bank of Iraq branch of Erbil, 10% of the assets expected as collateral for the deposits expected to be collected in these branches. The banks did not open any branch, while seized the branch of the Central Bank of Iraq in Erbil, the amount of $ 83 million returned to the Lebanese banks.

Follow the obelisk - agencies

http://almasalah.com/ar/news/146626/لبنان-استلمنا-كتابين-رسميين-من-العراق-بشأن-الديون

[Butifldrm]

Baghdad economy supplies Beirut with two books on Lebanese debt

 Twilight News    

 6 hours ago

Between 1990 and 2008, accumulated $ 953 million of debt owed to Lebanese institutions and individuals in the Iraqi state (excluding interest). During this period, events took place in Iraq, from the American blockade to the oil-for-food program, then the US invasion of Iraq and the ongoing political struggle for power. The file remained stuck all these years. In 2011, Lebanese banks decided to open branches in Erbil and had to apply the Iraqi regime, which provides for depositing with the Central Bank of Iraq, Erbil branch, 10% of the expected assets as collateral for the deposits expected to be collected in these branches. The banks did not open any branch, while seized the branch of the Central Bank of Iraq in Erbil, the amount of $ 83 million returned to the Lebanese banks.

The information pointed out that part of this problem reached a solution, explaining that the Minister of Combating Corruption in Lebanon Nicola Tueni received as official official to follow up the file of Lebanese debt in Iraq, two books from the Iraqi authorities. The first, in which these authorities express their commitment to the contractual terms that were signed with the Lebanese traders between 2003 and 2008, but they put the previous debt dating back to 2003 in another field, Tueni said that the Iraqi state will apply to the debts of the latter applied to the creditor countries for these Period through the return to the Paris Club. The second book was a notification from the Iraqi authorities for payment of a deposit of Lebanese banks with the Central Bank of Iraq branch of Erbil.

 

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/89ea29d8-c836-486f-af13-df5f87dbc69d

[nannab]

Good morning Butifldrm and DV 

[newbieDA]

2 minutes ago, nannab said:

Good morning Butifldrm and DV 

 

morning nannab

 

[Butifldrm]

In the document and details .. Funds with the names of "Iraqis" without their knowledge .. "Lebanon" issued a "judicial verdict" on the Iraqi fraud network

The political scene  Thursday, 09 August 2018 at 13:38 pm (480 views)In the document and details .. Funds with the names of "Iraqis" without their knowledge .. "Lebanon" issued a "judicial verdict" on the Iraqi fraud network

 

Baghdad / Sky Press

Beirut - The single criminal judge in Beirut, Rola Sfeir, has handed down a verdict on the forgery of three Iraqi people and handed them over to the Lebanese bank Bank Audi in order to make him pay millions of dollars on the pretext that they had been deposited with him since the time of Saddam Hussein. There was an intelligence plan based on the placement of funds by the names of Iraqi citizens without their knowledge in banks outside of Iraq to be used later during the outbreak of war or crises, but the discovery of the management of Bank Audi to the fact of these two vouchers, stopped the process of extortion and fraud major, which was aimed at taking the amount of eight Which is a huge figure if it is decided to withdraw it if it is serious, from one bank.

Although Bank Audi is responsible for this lawsuit, it is concerned with the personal affairs of the bank, but it affects the banking movement in Lebanon as a whole, as it is related to the reputation of the banks as a whole and the protection given to them by the Lebanese state. Programmed targeting.

There is information that there is a serious case filed by the family of a former Iraqi ambassador to Lebanon, in which the original documents are verified and are totally different from the gang's goals. They are aimed at what the family sees as a legitimate right. Remind that the decision of the Lebanese wheel judge was initiated in order to assign an expert to look at the bank account and find out whether it is due to the origin of the claimant or not, with two Lebanese banks whose names have not been mentioned.

The Lebanese public security managed the efforts of its director general, General Abbas Ibrahim, in cooperation with the Iraqi intelligence, to uncover a network of fraud on Lebanese banks including Bank Audi and the arrest of some of its members.

In a summary of the case, Bank Audi received an ultimatum from Maher Al-Beiji asking him to pay $ 880 million for his name in an encrypted account in 2001. He attached two notices, one containing a statement that one of the bank's bank managers, Freddy Paz, The second is that the general manager of the bank at the time and its current chairman, Samir Hanna, also received the same amount of money from Beiji, and the dowry at the bottom with two signatures attributed to Hanna and Beiji.

As a result, Bank Audi filed a complaint with the Public Prosecutor's Office in which it took the form of a personal prosecution against Beiji and all those found in the investigation of fraud, forgery, fraud and fraud.

He said he did not know of the money until he received a phone call from the defendant Fuad Rasmi Mohammed, known as Abu Aya, who told him that there were documents with the defendant. He said that he had not seen the two original copies being hidden in a garden and underground in Iraq. On the other hand, Salam al-Hajm confirmed the existence of a bank deposit in the name of Al-Bayji at Bank Audi, asking him to move to Lebanon and collect it, claiming that the former Iraqi regime headed by Saddam Hussein adopted a method to conceal the funds by depositing them by the Iraqi intelligence in special accounts outside Iraq on behalf of

Al-Beiji attended the meeting with Mohammed, Al-Hajajem and Abdel Hakim Ne'ma. A lawyer was appointed to initiate legal proceedings to recover the money. Al-Beiji signed the bill of attorney in a similar manner to his signature on the two receipts.

http://www.skypressiq.net/2018/8/9/بالوثيقة-والتفاصيل-أموال-بأسماء-عراقيين-دون-علمهم-لبنان-تصدر-حكم-قضائي-على-شبكة-احتيال-عراقية

[yota691]

Iraq turns Lebanon's debt into the Paris Club

08:54 - 09/08/2018

 

 

 

BAGHDAD (Reuters) - 
The Lebanese government announced on Thursday that it had received two books from the Iraqi government, one of which includes the transfer of previous debts dating back to 2003 to the Paris Club. 
The Lebanese Minister of Combating Corruption, Nicola Tueni, said that, "as official official, he has followed up on the Lebanese debt issue in Iraq, two books from the Iraqi government. The first is that these authorities express their commitment to the contractual terms that were signed with the Lebanese merchants between 2003 and 2008, Pre-2003 previous debts ". 
Tueni added that "the Iraqi state will apply to the last debt what it applied to creditor countries for this period through the return to the Paris Club," adding: "The second book, was a notification from the Iraqi authorities for payment of a payment of bank deposits with the Lebanese central bank Iraqi branch of Erbil. "
Between 1990 and 2008, $ 953 million of debt owed to Lebanese institutions and individuals was accumulated in the Iraqi State (excluding interest). 
During this period, events took place in Iraq, from the American blockade to the oil-for-food program, then the US invasion of Iraq and the ongoing political struggle for power. 
The file has remained stuck all these years. In 2011, Lebanese banks decided to open branches in Erbil and had to apply the Iraqi regime, which provides for depositing with the Central Bank of Iraq, Erbil branch, 10% of the expected assets as collateral for the deposits expected to be collected in these branches. The banks did not open any branch, while seized the branch of the Central Bank of Iraq in Erbil, the amount of $ 83 million returned to the Lebanese banks. Ended 29 / a 43

[nannab]

5 hours ago, newbieDA said:

 

morning nannab

 

 

   I love it  !  

 Good afternoon newbieDA

 

 

   

[ChuckFinley]

On 8/8/2018 at 12:44 PM, pokerplayer said:

 

 

I sure agree with that dinareffic. I just hope I don't gett altimers and do this trip a second time, the first 14yrs. plus was bad enough.... 

 

   pp

I think the sands in my hour glass will run out by then.  

[Butifldrm]

An economist hinted at the possibility of punishing Lebanese banks with Saddam Hussein's money

 

Bassem Antoine

  

 money and business

 

Economy News Baghdad

The economic expert, Bassem Antoine, pointed to the possibility of punishing Lebanese banks with the money of former Iraqi President Saddam Hussein, calling on the government to appoint an advisory office to prosecute the money.

Antoine said in an interview with "Economy News" that "the government to prove the return of this money to the Iraqi side and cost a legal advisory office to pursue it, then will force the Lebanese banks to return the money to Iraq."

He added that it is possible that Iraq would deal "differently" with the branches of Lebanese banks in it if it continued to conceal the money, "confirmed" the existence of an international resolution concerning the imposition of fines on Lebanese banks incoherent funds such as sanctions against banks dealing with Iran, will force the first Return all the money. "

Antoine pointed out that "it is possible to use the money recovered in the payment of debts of Iraq and returning to international organizations such as the International Monetary Fund and the World Bank," describing the funds held by Lebanese banks as "the right of all Iraqis."

Views 6   Date Added 28/08/2018

http://economy-news.net/content.php?id=13415

[Butifldrm]

COI discloses recovery funds were deposited in Jordanian banks belong to former regime

Oct 7 , 2018

COI declared that the Supported Technical Team of Recovery of Iraq`s funds recovered money belongs to dissolved Military Industrialization, in the era of the former regime, was deposited in a bank in the Kingdom of Jordan. 

Extradition Office- COI explained, while it talking about the details, that the team, after following up and collecting information on deposited Iraqi funds in Jordanian banks during the era of the former regime, recovered funds deposited in Cairo Amman Bank in Jordanian capital. 

Office pointed out that the funds were deposited in the account of Iraqi Embassy in Amman, indicating that the operation lasted for six months between collecting information and correspondences with the Jordanian side. The office also mentioned that Jordan expressed its willingness to cooperate to settle the file of funds deposited there. 

Extradition Office pointed to the cooperation of the Iraqi Embassy in Amman and its coordination with the competent Jordanian authorities and the direct follow-up from COI’s Commissioner (Ezzat Twafiq Jaafar). Office mentioned that this operations is a positive step to settle the Iraqi trusts file in Jordan, noting that the next period will witness similar operations after success Extradition Office in collect all information and documents proving the ownership of those funds. 

It is worth mentioning that the Supported Technical Team of Recovery of Iraq`s funds including Prime Minister Office, intelligence Agency, Prosecutor General, Council of State, Ministries of Foreign Affairs, Justice and Financial, Accountability and Justice Commission and Commission of Integrity.

http://nazaha.iq/en_body.asp?id=1992

[yota691]

Integrity reveals the recovery of funds belonging to the regime of Lebanon

02:14 - 11/10/2018

 

 

 

Baghdad - Mawazine News 
The Commission on Integrity, on Thursday, the recovery of funds belonging to the former regime deposited in Lebanese banks. 
 "The technical team supporting the recovery of Iraqi funds managed to recover nearly half a million US dollars deposited in the account of the director of a military manufacturing company of the former regime and his wife in one of the Lebanese banks," the recovery department of the authority said in a statement received by Mawazine News. 
The Department noted that "the Panel's follow-up, in cooperation with the Ministries of Justice and Foreign Affairs, of the supporting legal documents and evidence led to the transfer of their accounts to the Iraq account of the Development Fund for Iraq".
She pointed out that "the director of the company is covered by the resolutions of the UN Security Council (1483 and 1518 of 2003), which committed the first resolution Member States that have funds or other financial assets or economic resources removed from Iraq by freezing and transfer to the Development Fund for Iraq. 
The Integrity Commission announced early October that the technical team supported the recovery of Iraq's funds from the recovery of funds belonging to the Military Industrialization dissolved in the era of the former regime was deposited in a bank in the Hashemite Kingdom of Jordan.

[yota691]

Iraq recovers $ 500,000 from Lebanon from the former regime

Release date: 2018/10/11 15:21 • 7 times read

[Ayna-Baghdad] 
The Integrity Commission announced on Thursday the recovery of funds belonging to the former regime deposited in Lebanese banks.

A statement of integrity received by the agency all of Iraq [where] a copy of it, "The recovery department in the Integrity Commission confirmed that the technical team supported to recover the funds of Iraq from the recovery of nearly half a million dollars was deposited in the account of the director of a military manufacturing company of the former regime and his wife in a bank Lebanese. " 
According to the statement, "the team's follow-up in cooperation with the Ministries of Justice and Foreign Affairs of the documents and legal evidence in support of the file led to the conversion of their accounts to the account of Iraq in the Development Fund for Iraq." 
The Chamber noted that "the Director of the Company is covered by the Security Council resolutions [1483 and 1518 of 2003]. The first resolution obligates Member States that have funds, other financial assets or economic resources removed from Iraq by freezing them and transferring them to the Development Fund for Iraq."
The Integrity Commission announced in early October that the technical team supported the recovery of Iraq's money from the recovery of funds belonging to the dissolved military industrial era of the regime was deposited in a bank in Jordan.

[Butifldrm]

14:27 - 11/10/2018

0

 

Information / Baghdad ..

The Integrity Commission announced Thursday that it had recovered funds belonging to the former regime deposited in Lebanese banks.

"The technical team supporting the recovery of Iraqi funds managed to recover nearly half a million US dollars deposited in the account of the director of a military manufacturing company belonging to the former regime and his wife in one of the Lebanese banks," the agency said in a statement received by Al-Maaloumah.

The statement added that "the team's follow-up in cooperation with the Ministries of Justice and Foreign Affairs of the documents and legal evidence supporting the file led to the conversion of their accounts to the account of Iraq in the Development Fund for Iraq."

He added that "the director of the company is covered by the Security Council resolutions (1483 and 1518 of 2003), which committed the first resolution Member States that have funds or other financial assets or economic resources removed from Iraq by freezing and transfer to the Development Fund for Iraq.

The Integrity Commission announced in early October that the technical team supported the recovery of Iraq's funds from the recovery of funds belonging to the Military Industrialization dissolved in the era of the regime was deposited in a bank in the Hashemite Kingdom of Jordan. Ending / 25

http://www.almaalomah.com/2018/10/11/353387/

[DinarThug]

LINK

Integrity announces the recovery of funds belonging to the former regime from Lebanon

 

 

11th October, 2018

The Integrity Commission announced Thursday that it had recovered funds belonging to the former regime that had been deposited in Lebanese banks. 

"The technical team supporting the recovery of Iraqi funds managed to recover nearly half a million US dollars, which was deposited in the account of the director of a military manufacturing company of the former regime and his wife in one of the Lebanese banks," the agency said in a statement. 

The statement added that "the team's follow-up in cooperation with the Ministries of Justice and Foreign Affairs of the documents and legal evidence supporting the file led to the conversion of their accounts to the account of Iraq in the Development Fund for Iraq."

[yota691]

Jaafari: Iraq has complaints and demands on Iraqi funds spotted in Lebanon

 

Wednesday, October 17

 

 

 

 

Alsumaria News / Baghdad , said ethnic Foreign Minister Ibrahim al - Jaafari, Wednesday that the Iraq complaints and demands on Iraqi funds earmarked in Lebanon .  "Iraq has complaints and demands about Iraqi funds that have been spotted in Lebanon," Jaafari said during a joint conference with his counterpart Gibran Basil during his visit to Lebanon, expressing the hope that "the Lebanese government will deal with them according to the return."  "Iraq will not hesitate to return any legal debts of Lebanese citizens to Iraq despite the circumstances that surrounded it during the nineties," Jaafari said, adding that "these conditions will not cancel the right even with the aging of time."     The Lebanese claims on debt extend from 1993 to beyond 2003, estimated at about one billion dollars, but the Iraqi authorities have finally recognized what they have to do from the post-occupation period, from 2003 to today.

[yota691]

Iraq demands money from Saddam era

Readers

 

 

Iraq demands money from Saddam era

 

18-10-2018 12:15 PM

 

The Euphrates -

 

Foreign Minister Ibrahim al-Jaafari called on Lebanon to return Iraqi funds earmarked for it and return to the 1990s. 

Jaafari said during a joint press conference with his Lebanese counterpart Gibran Basil that Iraq had complaints and demands on Iraqi funds monitored in Lebanon, expressing the hope that the Lebanese government will deal with them according to 'Al-Aida'. 

On the other hand, al-Jaafari stressed that Iraq will not hesitate to return any legal debts of Lebanese citizens to Iraq despite the circumstances surrounding it during the nineties, stressing that these circumstances will not cancel his right to claim his money even with the aging of time. 

Lebanon says that Iraq owes billions of dollars in debt from 1993 to beyond 2003. Lebanese Minister of State for Anti-Corruption Nicola Tueni pointed out that "these debts started to accumulate since the days of Saddam Hussein's regime when Iraq was besieged. The United Nations established the oil program For food '. 

The Iraqi authorities recognized what they would have to do after the US invasion, from 2003 to today. 

[Synopsis]

On 10/17/2018 at 6:10 AM, yota691 said:

"Iraq will not hesitate to return any legal debts of Lebanese citizens to Iraq despite the circumstances that surrounded it during the nineties," Jaafari said, adding that "these conditions will not cancel the right even with the aging of time."

 

 

The Lebanese claims on debt extend from 1993 to beyond 2003, estimated at about one billion dollars, but the Iraqi authorities have finally recognized what they have to do from the post-occupation period, from 2003 to today.

 

3 hours ago, yota691 said:

Lebanon says that Iraq owes billions of dollars in debt from 1993 to beyond 2003. Lebanese Minister of State for Anti-Corruption Nicola Tueni pointed out that "these debts started to accumulate since the days of Saddam Hussein's regime when Iraq was besieged. The United Nations established the oil program For food '. 

The Iraqi authorities recognized what they would have to do after the US invasion, from 2003 to today. 

 

Hmmmmmmmmmmmm.......................................................

 

Maybe this is one reason the CBI is making the change for "brokerage for the sale and purchase of foreign currency" to consolidate into one entity with the Companies Law 21 dated 1997 with amendments. Namely, to repatriate stolen money after the US Invasion even before the 2003 initiative. I wonder how extensively these pilfered funds have been identified and how quickly they can be returned to the CBI. I suspect a significant portion of the pilfered funds have changed hands many times and are not "just sitting in an account" somewhere.

 

Maybe more Good News on this funds repatriating front to be forthcoming!!! 

 

      

 

In The Mean Time.....................................................

 

Go Moola Nova!