What Is The Truth About Iraq's Loss Of More Than A Trillion Dollars Since 2003?, 27 OCT

 What Is The Truth About Iraq's Loss Of More Than A Trillion Dollars Since 2003?

Information / Baghdad..Today, Friday, the first judge of the Integrity and Money Laundering Court, Iyad Damad, explained the fact that Iraq has lost more than a trillion dollars since 2003 through systematic theft, while confirming that the money laundering cases were carried out under the title of investment.

Damad said, in an interview with the official agency, followed by “Al-Ma’louma”, that “Iraq’s loss of more than a trillion dollars since 2003 through systematic theft is not true,” noting that “financial and administrative corruption caused the loss of large amounts of money that would have contributed to increasing development opportunities and advancing the development process.” Economy".

He added, "The loss of public funds has many reasons, including those related to mismanagement and waste, including those related to embezzlement and theft," pointing out that "the numbers of waste and theft are decreasing due to the governance and transparency policies that the Iraqi government and the competent agencies are working hard on."

He explained, "The courts specialized in combating corruption in Iraq have the largest role in reducing the rates and extent of corruption," stressing that "self-money laundering is the most common type of recording financial proceeds from criminal activities in its name." LINK