Baghdad: The member of the Sadiqoun parliamentary bloc, Adel Al-Rikabi, has disclosed several critical documents used in an in absentia interrogation of the head of the National Investment Commission. Al-Rikabi confirmed that numerous files within the Investment Commission have been identified as tainted by corruption.

According to Iraqi News Agency, Al-Rikabi shared on the ‘Al-Mashhad’ program, broadcast on Al-Iraqiya News, that over the past five months, violations in Iraq’s investment files have been documented. He highlighted that several projects within the Investment Commission are compromised by corruption. Al-Rikabi noted that these corrupt practices harm both the state and citizens, with disagreements arising over the license granted for the Rixos project in the Green Zone.

The issue, Al-Rikabi explained, stems from the transfer of state financial assets through investments without providing reciprocal benefits. Investment licenses were reportedly issued without adhering to legal procedures. Al-Rikabi criticized the head of the commission for succumbing to pressure and allowing these violations to persist.

Al-Rikabi also discussed the extension request for the Sustainable Baghdad Forests project, which the Council of Ministers was asked to extend from 10 to 15 years. He pointed out the discrepancy with the Al-Rasheed Camp project, which is contractually set to begin after 15 years, suggesting that the Imkanat Company might be a front for Yazan Mishaan, based on information from the Investment Commission.

Furthermore, Al-Rikabi addressed the situation involving the Police Martyrs Fund land, which was registered under Ataa Al-Maali General Contracting Company without an investment license. A lawsuit by the Ministry of Interior aims to nullify the title deed. The Investment Commission and the Real Estate Registration Directorate are implicated in the unauthorized granting of this land.

Regarding the Basmaya project, Al-Rikabi confirmed that the South Korean Hanwha Company completed 30% of the Basmaya residential complex using Iraqi funds, and the Investment Commission provided funds to the company outside of regulatory frameworks.