The latest corruption news from Iraq – company or government bribes, theft, stealing – brought to you by Iraq Business News
By John Lee. Around IQD 25 billion ($19.1 million) in cash, $200,000, and four kilograms of gold jewellery have been seized as part of an ongoing investigation into Adnan al-Jamili, the Deputy Minister of Oil for Refinery Affairs, who is currently in detention. According to the Supreme Judicial Council (SJC), the investigating judge at the […]
By John Lee. IQD 14 billion ($10.7 million) in cash has been seized during an investigation into Adnan al-Jumaili, the detained deputy minister of oil for refining affairs, and associates implicated in the same case. The funds were found hidden in a rainwater drainage pit. According to Iraq's Supreme Judicial Council (SJC), the seizure resulted […]
By John Lee. Iraq's Supreme Judicial Council (SJC) has issued a clarification on ongoing proceedings related to a large-scale tax deposit fraud case, detailing convictions, asset seizures, and efforts to recover public funds. According to the SJC, foreign companies operating in Iraq are required to deposit five percent of a project's value with the General […]
From Shafaq. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq drops $280M vehicle deal over inflated costs Iraq's Ministry of Defence has suspended the purchase of 800 cargo trucks after a review identified a $160 million price gap, a source familiar with the […]
By Azhar Al-Rubaie, for Middle East Eye. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Anti-Corruption Crackdown Faces Scepticism Despite Dramatic Raids A dawn raid inside Baghdad's heavily fortified Green Zone delivered one of Iraq's most dramatic anti-corruption crackdowns in years, but […]
By Mujab Salaheddine, for OCCRP. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Intensifies Anti-Graft Drive with Dozens of High-Profile Arrests, Asset Seizures While the government's latest crackdown resulting in the arrest of top officials and the seizure of millions has won praise, […]
By John Lee. The Ministry of Trade has launched official channels for reporting corruption cases within its departments, to be overseen directly by the Minister. According to the Ministry of Trade, citizens and staff are being encouraged to submit reports backed by documents or evidence of corruption or the waste of public funds, via a […]
By Salam Jabbar Shihab, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. How Do Businessmen Manage the Economy When They Hold Power? And Do They Shift the Principle of Economic Management from Patronage to Added Value? […]
By Andrew Cunningham, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's central bank governor cannot fight crime on his own On June 19, the Financial Action Task Force (FATF) placed Iraq on its grey list, subjecting […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Electricity expenditure in Iraq 10 times higher than actual need: NGO The money spent on Iraq's electricity sector is 10 times higher than what is actually required to provide full power supply, the head […]
By Omar Mohammed, for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. There is more to Iraq's corruption crackdown than meets the eye The wave of arrests that swept Baghdad's Green Zone before dawn on Sunday is being presented, at home […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. UNDP estimates 20% of Iraq's public funds lost to corruption Up to 20 percent of Iraq's public funds have been lost to corruption, a United Nations Development Programme (UNDP) official in Iraq told Rudaw […]
