The biggest robbery in history .. How lost 500 billion dollars of Iraq's money?

Political issues
Sunday, February 24, 2019 5:00 pm


Equivalent to the sum spent by the Gulf States combined in one year, and building 600 skyscrapers the size and cost of the World Trade Tower WTC in New York City; more than $ 500 billion is the amount of money lost by Iraq from corruption, since the fall of the former regime on April 9, 200 until 2019 , According to statistics and experts in the economy and official data.

For many Iraqis, talk about the extent of government corruption and its "horrendous" figures seems futile. They absolutely believe that they live in the most corrupt countries in the world. They see it in the media, the street and the institutions, and in the statements and speeches of the officials.

Iraqis were skeptical of these figures and counted them as insufficient to count the successive governments' misfortunes and wealth to place Iraq in the ranks of the superpowers.

"The financial and administrative corruption in Iraq is not a matter of figures," said former MP and head of the Iraqi Umma Party, Mithal Al-Alusi. "What Iraq lost is more than a few times what the Integrity Commission and the competent authorities are talking about." He said that "astronomical budgets went into the pockets of the parties by dividing them, It was, how they steal more. "

Al-Alusi asserts that "corruption has left only a door and its methods in all sectors, institutions and files, and left us a huge number of projects and billions of dollars as foreign debts, as well as the destruction of investment and infrastructure and destroy all the potential of the state."

In April 2003, the financial imports of Iraq since the US invasion and the fall of the former regime exceeded $ 1,000 billion, half of which went to the imaginary investment budget, the symbol of "the greatest corruption," according to the Parliamentary Integrity Commission. Iraq has lost, as the Commission says, more than $ 350 billion through the smuggling of currency and the Central Bank auction, and contracts and projects phantom and slow since 2003 until the moment.

In an earlier statement to Prime Minister Adel Abdul Mahdi, he said that "corruption has lost the country 450 billion dollars with the presence of local wheat to government employees by 6%, that is 20 minutes of work a day," stressing that "Iraq's budgets since 2003 to the year of 850 Billion dollar".

Abdul-Mahdi announced at the end of last month the formation of a higher council to "fight corruption", which will open all files and hold those responsible accountable, but that the Council "will not work" according to specialists, such as the Integrity Commission and the offices of the inspectors general, Counterterrorism Agency in the fight against corruption.



How many billions were stolen?


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