Washington holds the protection of Iraqi funds in the current year
On: Sun 01/01/2012 6:19

 Baghdad / term
The government won on the promise of U.S. protection of Iraqi funds abroad in the face of some creditor countries to Iraq during Saddam's rule. Attorney for State of Law coalition Ihsan Al-Awadi said that U.S. President Barack Obama promised Prime Minister Nuri al-Maliki Bagara necessary for the protection of Iraq's foreign money in the current year.

The news agency for all of Iraq Al-Awadi said, "al-Maliki during his recent visit to discuss the protection of Iraqi funds deposited outside the country of Iraq being indebted to many countries of the world due to the hostile policy of the former regime and there is fear from the control of the creditor countries on the money."

He added that "the money was under the protection of the United Nations and after the expiration of the protection of the United Nations adopted the U.S. Congress decision to protect these funds, but this decision will be completed by the end of the year."

He said "al-Maliki made the subject of the main topics discussed by side with the U.S. during his recent visit and was able to obtain assurances from the U.S. side to take steps that will protect Iraq's foreign money."

The concerns raised by some politicians might venture the creditor countries of Iraq to control Iraq's foreign funds after the end of this year to run out of power to American protection.

The Minister of State and government spokesman in Iraq had announced earlier that the Council of Ministers discussed the special reports that Dqgaha BSA on Iraqi funds that were transferred to the Development Fund for Iraq, DFI and disbursement mechanisms and audit reports of the Inspector, as well as the American public. Al-Dabbagh, the Board decided to assign the Committee for the Protection of Iraqi funds under the chairmanship of Dr example, has typically Shaways Deputy Prime Minister to submit a comprehensive report and follow-up details all on the total Iraqi funds that were disbursed (CPA) and its representative Paul Bremer and the liaison with the parties concerned in the government of the United States to guarantee the rights of Iraq and all accounts subject to the rules and regulations of the Iraqi Board of Supreme Audit.

And talk to sources in the House of Representatives for the presence of three billion dollars is not known the details in the banks of Switzerland, while denied the Finance Committee representative that this amounts unknown details revealed that he will be restored after the enactment of the recovery of Iraqi funds from abroad. The sources said a month ago that there are three billion dollars present in the Swiss banks did not know the details yet, noting that House Speaker Osama Najafi and his accompanying delegation to discuss the subject of this money and how to restore them to Iraq.

For his part, MP for the mass of the citizen Faleh applicable to these funds are purely Iraqi and can not be any international bank or international to deposit money without the name of the client or owner relationship. Stating We believe that in Switzerland and some countries in the world money in names of Iraqis from the ousted dictatorial regime or the names of Iraqi companies and fake it benefiting from the oil for food program, noting that if the law was passed to recover Iraq's money will be there for the specialized committees of the Central Bank and Financial Control Office are looking at these aspects of legal and audit, as well as the presence of some audit firms the world which will be discussed in the same time balances of Iraqi money that fled abroad and the money gained from inside Iraq by the looting that followed the fall of the former regime in 2003.

The Ministry of Finance, on Monday, matching funds in the Iraqi Development Fund with the assets of the numbers, calling at the same time possesses all of the evidence of a breach of its submission to the Iraqi government or body integrity.

Rafie al-Issawi said that "the issue of Iraqi funds in matching fund dfi with the Central Bank and the traditional cyclical process," noting that "matching funds have been the end of last May and the money that was identical to the figures of the ministry."

Issawi said that "his ministry were those corresponding to the government, as presented at a meeting of the House of Representatives," pointing at the same time "the possibility of a breach or bad practice in this issue, but we have no proof."

He called on the Prime Minister "who has the proof submitted to the Integrity Commission or the government," asserting that "the government and Parliament will be obliged to follow the money Iraq."

And al-Issawi said that "all the numbers and checking is identical to the ministry," pointing out that "the Integrity Commission sent a letter to the Ministry of Finance on the funds, the issue we referred to the Accounting Department to answer."

The head of the Office of Financial Supervision Abdul Basit Turki revealed during a session hosted by the Parliament on 18 April, the waste of more than seventeen billion dollars of Iraqi funds through the management of former U.S. civil administrator Paul Bremer.

The most likely achieved the American Stuart Bowen, the mid-current, to be the disappearance of $ 6.6 billion in reconstruction funds in Iraq eight years ago may be stolen, calling it "the biggest theft" on America, pointing at the same time to a third investigation to determine the fate the funds.

The Finance Committee of the House of Representatives previously announced during a meeting of the Council on the start to begin to pursue an estimated $ 40 billion disappeared from Iraq during the Bremer.

Was created Development Fund for Iraq DFI in May of 2003 by the Director of the Coalition Provisional Authority was recognized, by a decision of the Security Council of the United MMA 1483 and after the dissolution of the Coalition Provisional Authority in June of 2004, has been delegated the U.S. government by the Government of Iraq to manage Development Fund for Iraq funds, made available for reconstruction projects, and the U.S. Department of Defense, Department of the said fund on behalf of the U.S. government, the mandate has been withdrawn as of 31 December 2007.