Hoshyar Zebari, the former deputy prime minister and former Iraqi finance minister, said the Islamic State Organization (Isis), the world’s richest terrorist organization, is now backing down and facing bankruptcy as it struggles to pay its fighters.
In December 2015, the Financial Times (FT) investigation found that the group was earning a lot of taxes, extortion and confiscation as it was oil. Before the fall of Mosul, the second city in Iraq, in June 2014, the RAND Research Center estimated that Isis had accumulated assets of $ 875 million (£ 696.5 million).Zebari estimates that at one point the group was making $ 3 million to $ 5 million (£ 2.3 million to £ 4 million) every day.
While Iraqi forces pushed back Mosul, the country’s last major stronghold of Isis, Prime Minister Haider al-Abadi painted a very different picture for 2014, saying the group was facing defeat “within weeks.””They were getting all the businesses – they charge taxes on every shop, every pharmacy and every activity – not to mention the money they stole from Iraqi banks,” Zebari told Sky News.
“It was a very rich organization, and I think it is now in decline, it is broken, it is losing its territory, so this battle in Mosul is crucial to ending the caliphate – to end the so-called Islamic state,” he added.
With the international outlook on Mosul, Abbadi admitted that the group would continue to maintain its strongholds in neighboring Syria. “At this moment, we are at a very important stage,” he said in an interview with Fox News on Sunday. “The Arab abbreviation for Isis is in decline.”
“We in Iraq killed us and pushed them out of our land, and we are killing their goal so that the recruits are at the present minimum.”In Iraq, defeat is certain, it is specific,” Abadi said. “We are going to finish working in a very short time – it’s at hand … in the next few weeks and we are losing them militarily … We need the efforts of others to expel them in Syria and elsewhere.”
Amnesty International reported that Mosul has witnessed heavy fighting and intimidation as Iraqi forces seek to crack down on those who use civilians as human shields.On 17 March, an air strike by coalition forces in the Jadida area reportedly killed up to 150 people, leading to an investigation into the fatal incident. The human rights organization appears to question the legality of the raids following a “sudden rise in civilian casualties”.
“Evidence collected on the ground in eastern Mosul indicates an alarming pattern of US-led air strikes,” said Donatella Roveira, Amnesty International’s senior crisis response adviser, who conducted field investigations in Mosul on Monday (March 27). Which destroyed entire houses with entire families at home.
“The large casualties indicate that the coalition forces leading the attack in Mosul did not take adequate precautions to prevent the deaths of civilians, in flagrant violation of international humanitarian law.