MP: The government has awarded investment contracts to controversial figures.

MP: The government has awarded investment contracts to controversial figures.

Khamis al-Khanjar; a Millionaire Holding Multiple ...Representative Yasser Al-Husseini accused the current government on Monday of awarding a number of investment contracts to controversial political figures, most notably Khamis Al-Khanjar.

Al-Husseini said in a statement to Al-Maalouma Agency, “Awarding investment contracts to influential politicians is a violation of the principle of economic justice and deepens the phenomenon of corruption,” indicating that “these contracts were not built on professional and economic foundations, but rather came as a result of narrow political agreements and interests.”

He added that “the Iraqi economy suffers from mismanagement of the investment file, as major projects are awarded to economically unqualified parties, which leads to the disruption of real growth and the distortion of the investment environment in the country.”

Observers believe that the continued awarding of sensitive projects to controversial figures will exacerbate the economic crises and undermine the chances of real reform in the management of national wealth.

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