January 24, 2010
The movement to recover the funds wasted by the implementation of the oil-for-food
Parliament is close to passing a bill that includes recovery actions
بغداد - الصباح BAGHDAD - morning
Iraq seeks to recover billions of dollars wasted during the rule of the dictatorial regime on personalities and bodies and companies illegally under the Oil for Food Program or distributed as gifts and bribes, political
By approving a bill in the House of Representatives that includes steps and movements and incentives to recover the money. The Council discussed at its House of Representatives a bill Monday to recover money Iraq and his compensation after the submission of the second reading, as Congress showed many of the observations necessary for the project.
The bill focuses on the financial restitution obtained by the Iraqis or foreigners, or some other illegal means because of misuse of the oil-for food, medicine or because of economic embargo on Iraq and the subsequent smuggling of money and the destruction of the Iraqi economy as a result of international sanctions imposed on it, which requires access to the money or compensation, which entails in the interests of Iraq.
The money that Iraq is seeking to recover billions of dollars, especially Saddam's regime had come every man and his dog Kabonat oil, money was deducted from the people's livelihood.
The MP Abdel-Wahab Abdel-Hakim, member of the net economy, investment and reconstruction in the House of Representatives stressed the "morning" in the earlier, the "parliament of the Prime Minister received the draft recovery of Iraq's money, explaining the presence of the idea set up a fund called Fund (recovery of Iraq's money) who contracts with states or organizations to achieve its goals, especially as the international companies specialized in this operations may require a large proportion of Iraq in order to retrieve this money, "noting at the same time that" legislators and placed in their accounts to encourage offenders to cooperate with the IMF to forgive the amount owed to them at rates not exceeding 50 percent and up to 250 thousand dollars of the money recovered as a higher can be recouped through the four installments, has developed regulations and orders and the settlement of accounts, as well as bonuses to members and the financial reward to the informant about the money, including no more than 10 percent of the money recovered, as well as legislation on non-punitive measures, cooperating in responding to answer the money ".
The government has announced its readiness to conduct negotiations to end the oil for food program, and filed a lawsuit in federal court in New York City included the names of about 2200 companies from 66 countries around the world involved scandal oil for food program. The government has accused a number of big German companies to play a role in the Oil for Food scandal during the reign of the former regime.
There were the names of Daimler auto giant, the giant electronics company Siemens and b. Brown, medical equipment, among the companies accused by the government to pay millions of dollars in bribes to obtain business contracts and transactions, according to the Fars news agencies.
And stresses of Baghdad, said overall bribes paid amounted to $ 8.1 billion and included a list of names of companies accused of major U.S. companies such as Al Chevron Oil paid to this day many millions of dollars in an attempt to settle civil litigation before her face because of bribery by former Iraqi officials.
For his part, Mohammed al-Haj Hamoud, deputy foreign minister said earlier that Iraq is continuing his efforts to prosecute these companies, pointing out that " This file is one of the important issues being pursued by the Ministry of Foreign Affairs, has asked the United Nations conducting the investigation with people in collusion with the former regime and received large sums of money from this program. "
alsabah
The movement to recover the funds wasted by the implementation of the oil-for-food
Parliament is close to passing a bill that includes recovery actions
بغداد - الصباح BAGHDAD - morning
Iraq seeks to recover billions of dollars wasted during the rule of the dictatorial regime on personalities and bodies and companies illegally under the Oil for Food Program or distributed as gifts and bribes, political
By approving a bill in the House of Representatives that includes steps and movements and incentives to recover the money. The Council discussed at its House of Representatives a bill Monday to recover money Iraq and his compensation after the submission of the second reading, as Congress showed many of the observations necessary for the project.
The bill focuses on the financial restitution obtained by the Iraqis or foreigners, or some other illegal means because of misuse of the oil-for food, medicine or because of economic embargo on Iraq and the subsequent smuggling of money and the destruction of the Iraqi economy as a result of international sanctions imposed on it, which requires access to the money or compensation, which entails in the interests of Iraq.
The money that Iraq is seeking to recover billions of dollars, especially Saddam's regime had come every man and his dog Kabonat oil, money was deducted from the people's livelihood.
The MP Abdel-Wahab Abdel-Hakim, member of the net economy, investment and reconstruction in the House of Representatives stressed the "morning" in the earlier, the "parliament of the Prime Minister received the draft recovery of Iraq's money, explaining the presence of the idea set up a fund called Fund (recovery of Iraq's money) who contracts with states or organizations to achieve its goals, especially as the international companies specialized in this operations may require a large proportion of Iraq in order to retrieve this money, "noting at the same time that" legislators and placed in their accounts to encourage offenders to cooperate with the IMF to forgive the amount owed to them at rates not exceeding 50 percent and up to 250 thousand dollars of the money recovered as a higher can be recouped through the four installments, has developed regulations and orders and the settlement of accounts, as well as bonuses to members and the financial reward to the informant about the money, including no more than 10 percent of the money recovered, as well as legislation on non-punitive measures, cooperating in responding to answer the money ".
The government has announced its readiness to conduct negotiations to end the oil for food program, and filed a lawsuit in federal court in New York City included the names of about 2200 companies from 66 countries around the world involved scandal oil for food program. The government has accused a number of big German companies to play a role in the Oil for Food scandal during the reign of the former regime.
There were the names of Daimler auto giant, the giant electronics company Siemens and b. Brown, medical equipment, among the companies accused by the government to pay millions of dollars in bribes to obtain business contracts and transactions, according to the Fars news agencies.
And stresses of Baghdad, said overall bribes paid amounted to $ 8.1 billion and included a list of names of companies accused of major U.S. companies such as Al Chevron Oil paid to this day many millions of dollars in an attempt to settle civil litigation before her face because of bribery by former Iraqi officials.
For his part, Mohammed al-Haj Hamoud, deputy foreign minister said earlier that Iraq is continuing his efforts to prosecute these companies, pointing out that " This file is one of the important issues being pursued by the Ministry of Foreign Affairs, has asked the United Nations conducting the investigation with people in collusion with the former regime and received large sums of money from this program. "
alsabah