View Full Version : Suspected corruption of "big" in Iraq

Hue Mi
12-14-2013, 12:41 AM
Suspected corruption of "big" in Iraq (http://www.shafaaq.com/sh2/index.php/news/economy-news/69024----qq---.html)

Friday, 31 December 2013 19: 32 [13 December 2013]

Twilight News Deputy in Parliament Friday that there is suspicion of corruption "big" in Iraq market for securities, the follow-up to its work.


According to the Iraq Coalition MP free DG in a statement for "twilight news that the Baghdad stock market away from government control since 2003.

She added that this might encourage access violations and manipulations of stock prices on the stock market up and down, as well as manipulate the identities of shareholders.

Iraq stock exchange began operating in 2004, switched from manual to using trading screens deal in 2009 is open for two hours a day five days a week.

Nassif said there are doubts about the existence of "significant" corruption in this market which affected the investment sector and important sectors in Iraq.

The market did not offer days its disclosures and coin mechanism with transparency for shareholders and there is no information on the sources of capital and standards supported by the rise and fall of the stock.

Nassif said that the Baghdad stock market subject to regulatory authorities, and that we find a significant role for Government integrity Commission and the Commission on integrity in the follow-up to the work of this market.

And the banking sector is the largest in the stock market which also includes industrial firms, insurance companies, hotels, and agricultural companies.

The total value of shares listed on stock exchange nearly three billion dollars.

12-15-2013, 02:21 PM
This is not good!

These guys cannot understand how counter productive this is in trying to entice foreign investment. It aint gonna come if these corrupt conditions exist.