disappearance of $17 billion from the DFI

[Stillw8n]

disappearance of $17 billion from the DFI

Iraq’s cabinet, on Thursday, the formation of a special committee to follow up the disappearance of $ 17 billion from the Development Fund for Iraq, saying that the Commission will collect information on regardless of such amounts, as agreed with the proposed mechanism for the settlement rate of compensation of $ (5%) on payment in kind for the oil companies and compensation Kuwait.

The Deputy Prime Minister for Economic Affairs Ruz Nuri Shaways in a statement released today, and got “Alsumaria News”, a copy of “The Ministerial Committee on the Status of a mechanism to ensure the protection of Iraqi funds discussed in the meeting of the 17 held, under his chairmanship and the presence of foreign ministers and finance, justice and chief of staff financial control and the Governor of the Central Bank and the Legal Adviser to the Prime Minister and Adviser to the Deputy Prime Minister, the issue of the disappearance of $ 17 billion of Iraqi funds. “

He Shaways that “the meeting witnessed host Deputy Inspector General, U.S. for reconstruction in Iraq, Ginger Cruz, to discuss Bakdahachtfa $ 17 billion,” saying “it was forming a special committee of representatives from the Ministry of Finance and the Financial Inspection Office and the Central Bank to follow up the subject of the disappearance of Iraqi funds and to report periodically monthly to the Committee to Protect Iraq’s money. “

He Shaways that the Commission “will work on gathering information, books, documents and related documents, regardless amounts related to the subject through the Ministry of Foreign Affairs and Ministry of Finance and the Financial Inspection Office and the Central Bank of Iraq,” noting that “the Committee agreed to the proposed mechanism by the central bank to settle the rate of compensation of $ ( 5%) in respect of payment in kind for the oil companies and compensation Kuwait. “

The Shaways that “the meeting also discussed the launch of the amounts of oil-for-food contracts that meet the legal requirements and benefits in kind and the subject of payment for oil contracts.”

The Parliamentary Integrity Committee, the committee on 20 June, the loss of $ 17 billion earmarked for Iraq from the Development Fund during the period of the civil administrator Paul Bremer, described this period as “vague and a lot of corruption,” noting it had sent a request to the United Nations to investigate the matter and restore the amount stolen.

As Finance Minister Rafie al-Issawi said in an interview earlier “Alsumaria News”, matching funds in the Iraqi Development Fund with the assets of the ministry’s figures, calling for all who has the evidence of a breach of its submission to the Iraqi government or body integrity.

The chairman of the Board of Supreme Audit Abdul-Basit Turki hosted during the parliamentary session held on 18 April, for wasting more than $ 17 billion of Iraqi funds through the management of the former U.S. civil administrator Paul Bremer.

Was established the Development Fund for Iraq, DFI in May 2003, by the director of the Coalition Provisional Authority was recognized, by a decision of the Security Council of the United United 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 the funds of the Development Fund for Iraq, which were made available for reconstruction projects, and the U.S. Department of Defense, manages the fund in question on behalf of the U.S. government, the mandate has been withdrawn as of 31 December 2007.

And previously called the General Secretariat of the Cabinet ministries and official institutions, all to provide them with all the information available to it on any abuses occurred during the reign of the civil administrator of Iraq Paul Bremer, on money deposited in the Development Fund for Iraq, which has been spent to implement projects and illusory or contrary to the specifications stated, indicating that This request comes in preparation for a prosecution to those companies that caused the waste of money the country.

The Security Council approved at its meeting in 15 of last December, three special resolutions in Iraq, ending the first oil for food program, while calling the other to extend the immunity that protects Iraq from claims related to era of former President Saddam Hussein to the June 30, 2011 instead of stopping in last December, as planned in the beginning, he confirmed that Iraq will not request any further extensions of the work (the Development Fund for Iraq) which was the immunity from claims for compensation.

The Iraqi government is keen to ensure that the extension work of the Fund which was established in 2003 after the fall of Saddam Hussein in order to protect revenues from sales of oil and natural gas in Iraq.

Iraq has been under since 1990 under Chapter VII of the Charter of the United Nations, which imposed after the invasion of the regime of President Saddam Hussein of Kuwait in August of the same year, and this item allows the use of force against Iraq as a threat to international security, in addition to the freezing of large amounts of its assets financial in the international banks to pay compensation to those affected by the invasion of Kuwait.

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