Committee to implement the budget: the auction of currency outside the control of the Central Bank .. Major corruption operations taking place in broad daylight
Baghdad today – “The currency auction is outside the control of the central bank, while the latter sells 150-200 million dollars on a daily basis,” said Abdul Hadi al-Saadawi, a member of the parliamentary mini-committee on budget follow-up.
Al-Saadawi said in a press statement that “there are problems and irregularities recorded on the sale of the currency by the Central Bank as well as the currency exchange rate, which is often moving and unstable in most cases,” pointing out that “any candidate for the post of governor to sit with the parliamentary finance to discuss These two things. ”
MPs from various blocs and components often speak of large corruption at the currency sale auction by banks and individuals accused of money laundering.
The Supreme Judicial Council has decided to set up a judicial investigation body in 2015 to consider documents on money laundering, but has not announced the results of its investigations so far.
The deputy for the province of Dhi Qar that “there is a complete conviction is available in the parliamentary finance confirms the existence of corruption in the window selling the currency because of the way the sale of the dollar and those dealing with the Central Bank.”
Al-Saadawi proposed “solving the problem of selling the currency and reducing the phenomenon of corruption by monitoring all private banks and banking companies in the issue of selling the currency.” He pointed out that “the Central Bank sales of the dollar range from 150 to 200 million dollars on a daily basis.”
“There are annual, quarterly and monthly reports submitted to the Finance Committee of the Parliament from the Office of Financial Supervision and the Integrity Commission since 2014 confirms the existence of manipulation and major corruption in the window of selling the currency,” adding that “these reports indicate the lack of control of the Central Bank of the currency sale window” .
He pointed out that “the Parliamentary Finance Committee commissioned a small committee of six deputies to investigate this file is currently a series of meetings and additions with many of the persons responsible for selling the window or currency (auction currency).
He pointed out that “private banks declare some of their profits and hide profits achieved by tax evasion and cover up foreign transactions (money laundering).”