Deputy Chairman of the Parliamentary Economy and Trade Committee, Yasser Al-Hussaini, confirmed today, Thursday, that Iraq loses 7 billion dinars annually due to fraud by a foreign company.
Al-Hussaini told Al-Maalouma Agency, “The Ministry of Industry has concluded a joint operating contract with the foreign private company Smart Cloud.”
He added, “Iraq loses more than 7 billion dinars annually without the foreign private company providing any service to Iraq since 2020 until today,” noting that “Smart Cloud continues to contract with other ministries with false priorities.”
He explained that “there is a drain on the country’s resources, and therefore we call for a bold decision to terminate the contract, fine the company all the amounts it received, and blacklist it.”
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