Economist: Investment is the biggest file of corruption in Iraq, and this body should be stopped

Time: 03/25/2021 22:52:16
 
{Economy: Al Furat News} The economic expert, Nizar Al-Waili, considered the investment "the largest file of corruption in Iraq," while stressing the need to stop the National Investment Authority to address the imbalance.

Al-Waeli said to the program {Question_ Important} on the Al-Furat satellite channel this evening, "The Investment Law No. 13 of 2006, amended twice, began to be truly activated until 2011, in which approximately 2,400 licenses were granted, and there was no official oversight of investment agencies from 2011 to 2016."

He added, "The data proved that it did not attract workforce for such a number of investment licenses, including the strategy, and the issuance of Resolution 345 of 2019 to form a committee to consider amending investment licenses."

Al-Waeli confirmed, "He uncovered many places of corruption in the investment file and was shocking, including the referral of 15 projects to extension or assignment without significant completion rates, and there are projects licenses that were granted for other periods and are stalled by achievement rates."

And that "the process of flooding the market with materials resulting from the periods that were granted to investors' licenses and to enter them as Turkey without supervision, as well as the permits granted with different rates of achievement that were discovered to be free of workers registered in the Ministry of Labor."

Al-Waeli referred to "seizing lands to non-invested parties, and now needs to stop the national life in order to remedy the defect." ".

He added, "We did not find strategic investment projects within the 2,400 licenses that were granted, and all the granted residential permits were only 10% implemented, and one of the defects of the provincial authorities is to give them authority without returning to the mother."

Al-Waeli concluded, "The committee is currently the one who sets controls, addresses failures and limits defects. It has diagnosed all delusional and delusional projects and the need to withdraw all the licenses granted to them."

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