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Iraq has recovered “part” of $2.5 billion in public funds fraudulently withdrawn from a government account, the prime minister said Sunday, calling on guilty parties to hand themselves in and return all the money. online news
Mohammed Shia al-Sudani said a wealthy businessman implicated in the theft from tax authorities had given back $125 million out of more than $1 billion that he “confessed” to having received.
Businessman Nour Zuhair Jassem will be subject to an assets freeze and released on condition of recovering the remaining funds within two weeks, Sudani added.
The scandal has provoked widespread ire in Iraq, an oil-rich country ravaged by endemic corruption.
According to a document from the country’s tax authority, the colossal sum was allegedly expropriated between September 2021 and August this year through 247 cheques cashed by five enterprises.
The money was subsequently withdrawn from the companies’ accounts, the document showed.
The owners of those accounts — most of whom are on the run — are subject to arrest warrants.
“The competent authorities have been able to retrieve a first tranche amounting to 182.6 billion Iraqi dinars,” equating to more than $125 million, Sudani said.
His comments came during a live address, and he was flanked by piles of banknotes stacked in packages.
Jassem was arrested late last month at Baghdad airport when he tried to leave the country on a private jet, authorities said at the time.
The prime minister said the judiciary had reached an agreement with the accused that he return all the money.
Another suspect, who was arrested in Iraq’s autonomous Kurdistan region, is the subject of proceedings to transfer him to Baghdad.
“We call upon all the suspects subject to arrest warrants in this case to hand themselves in and hand back the stolen funds,” the prime minister said.
“Arresting the thieves and those who aided them is very important,” Sudani added.
“But the most important thing is the return of the funds. What does it matter if so and so is in prison if the ($2.5 billion) is not in the state’s coffers?”
Tax officials and public bodies are implicated in the scandal, he said, adding that their identity “will be revealed at the end of the investigation”.
“We will spare no one,” Sudani vowed.
The top echelons of power routinely evade accountability in Iraqi corruption cases.
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Notes from APS Radio News
In the months and weeks preceding the US’ invasion of Iraq in 2003, the Bush administration maintained that Iraq had been harboring weapons of mass destruction.
In the 1980’s the Reagan administration authorized the sale of chemical weapons to Iraq.
However, years later during UN-sponsored instpections, it was determined that the chemical weapons had been destroyed.
After the invasion, it was corroborated that Iraq had not been harboring weapons of mass destruction.
Sometime after the invasion, the Bush administration changed the narrative by asserting that the invasion and occupation of Iraq were intended to implement democratic reforms.
In any event, critics have maintained that the invasion exacerbated sectarian divisions between Shiites and Shia Iraqis. The former comprise a majority of the population.
As a result of the war, large segments of Iraq’s infrastructure had been destroyed, including utilities.
According to Brown University’s “The Costs of War“, the cumulative cost of the US’ intervention in Iraq-Syria was over $2 trillion.
