We are thrilled to have you on our site. If you enjoy the post you have just found kindly Share it with friends.
On Thursday, Britain imposed sanctions on five people, including a former Iraqi official, “who were involved in serious corruption cases”.
British Foreign Secretary Dominic Raab announced the new sanctions in a statement issued today and indicated that those involved are from the countries of Iraq, Venezuela, Equatorial Guinea and Zimbabwe.
Sanctions include asset freezes and travel bans on these individuals to ensure they cannot transfer their funds through UK banks or enter the country.
Among the names covered by the sanctions is the former governor of Nineveh, Nawfal Hammadi Al-Sultan Al-Akoub. The statement said he was involved in “serious corruption” cases while in office.
The statement pointed out that Al-Akoub has embezzled public funds earmarked for reconstruction and assistance to civilians, as well as illegally awarding contracts and state property.
The statement said that Al-Akoub “is currently serving a five-year prison sentence in Iraq for corruption, including wasting five billion Iraqi dinars (about £2.5 million) through fake public works.”
Last October, Iraqi authorities announced the arrest of the former governor of Mosul, a year and a half after his escape, on charges of embezzling $64 million in reconstruction funds and aid to displaced persons in the city.
The Integrity Commission accuses al-Akoub of embezzling public funds in collusion with officials in Nineveh Governorate, which has a budget of $800 million, while hundreds of thousands of displaced people live outside the governorate.
Al-Akoub is also accused of embezzling 11.3 billion dinars ($9.4 million) in funds intended for the displaced in Nineveh Governorate.
The British Foreign Office statement also indicated that Equatorial Guinea’s Vice-President Teodoro Obiang Mange, who is the son of the country’s current president, was sanctioned for his involvement in the misappropriation of state funds and the placing it in his personal bank accounts, as well as carrying out corrupt deals and asking for bribes to spend on a luxurious lifestyle.
Foreign Secretary Dominic Raab announced that Teodoro Obiang Mange had engaged in “corrupt contractual arrangements and asked for bribes to fund his excessive spending that was inconsistent with his official rank as minister”.
The ministry added that he paid $100 million to buy real estate in Paris and $38 million to buy a private jet, a luxury yacht and dozens of luxury cars, including Ferrari, Bentley and Aston Martin.
The State Department said he purchased a collection of Michael Jackson memorabilia, including a $275,000 crystal-encrusted glove that Jackson wore on his first tour.
Follow our latest local and sports news and the latest political and economic developments via Google news
Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of Algulf.net and Algulf.net does not assume any responsibility or liability for the same.