The Head of the Integrity Commission, chairman of the Fund for the Recovery of Looted Funds Alaa Jawad, announced on Wednesday, that Iraq suffers from the lack of cooperation of countries that embrace corruption, stressing that duplicity in nationality is resorted by some officials in investment and corruption.
"The conference is an important step to recover looted funds in cooperation with Arab countries, and we hope that it will lead to recommendations for the return of the funds, and that we will develop solutions with countries that prevent fund recovery,” Jawad said during his speech at the looted fund recovery conference, which was attended by the Iraqi News Agency (INA).
"We need to work together with the Integrity Commission, including the public prosecution, the Ministry of Justice and Foreign Affairs, the Central Bank, the Iraqi judiciary and others, to help Iraq recover the looted funds," he said, adding that "some countries are embracing corruption and stand in the way of not returning funds."
"Iraq has been able to recover the funds,” he said, adding that “dual nationality is used by some officials in investment and corruption, and Iraq continues to suffer from the lack of cooperation of some countries in recovering the funds."
The International Conference on the Recovery of Looted Funds in Iraq was launched in Baghdad on Wednesday morning with broad international participation.
"The conference was launched, under the auspices of Prime Minister Mustafa al-Kadhimi, and with the participation of Arab League President Ahmed Abul Gheit, ministers and heads of the judicial councils and anti-corruption bodies in the Arab countries," INA reporter said.
It’s mentioned that the Integrity Commission announced that Baghdad will host an expanded international conference to recover looted funds on September 15th and 16th.