The latest corruption news from Iraq – company or government bribes, theft, stealing – brought to you by Iraq Business News
Iraq has improved its position in Transparency International’s Corruption Perceptions Index from 4th worst to joint 8th worst. This places it ahead of Somalia, North Korea, Burma (Myanmar), Afghanistan, Uzbekistan, Turkmenistan, and Sudan, and on a par with Haiti. The improvement is to praised, but being behind countries such as Venezuela, the Democratic Republic of […]
Iraq has recently participated in an Arab workshop on combating financial and administrative corruption in governmental and private institutions, according to a report from Aswat al-Iraq. The Jordanian al-Arab daily said that Iraq, Saudi Arabia, Oman and Jordan are participating in the workshop in Amman, Jordan, that tackles combating corruption with new technologies and the […]
The reports by the Transparency International over the corruption in Iraq are not "precise", an advisor to the Iraqi government said on Friday, according to AKnews. The annual survey by the Berlin-based organization listed Somalia, Myanmar, Afghanistan, and Iraq as perceived to be the most corrupt, with Denmark, New Zealand, Singapore, Finland, and Canada perceived […]
The Russian news agency RT produced this report on corruption in the US military in Iraq: (Source: RT)
To encourage investment in Iraqi Kurdistan, state authorities are able to gift land to important projects. However the process is plagued by corruption and injustice and has resulted in empty plots, unfinished projects and some undeservedly wealthy locals, according to this article from Niqash. Any opinions expressed are those of the author and interviewee, and […]
The Iraqi state-run Trade Bank of Iraq (TBI) has recovered around $400 million of a $900 million default on loans handed out with little or no security by the previous management, the bank's new chief has said. Former TBI president Hussein al-Uzri fled Iraq in early June after Prime Minister Nuri al-Maliki ordered a judicial […]
There is a case of 'serious fraud' in a project intended for Najaf City, the Capital of Islamic Culture in 2012, an Iraqi MP has warned. Hussein Sharifi, a member of Tourism and Archeology Committee in parliament, told AKnews the case involved is the construction of a three-floor building for which 100 billion Iraqi dinars […]
Dr David Turner appeared before Westminster Magistrates' Court in London, England, on Tuesday. He is charged with alleged offences of conspiring to make corrupt payments to public officials in Indonesia and Iraq to secure contracts for Innospec Ltd for the supply of its products. He is also charged with conspiring to defraud a competitor company […]
Reuters reports that the former head of a New Jersey-based engineering consulting firm was charged with leading a scheme to overbill the U.S. government by hundreds of millions of dollars for international reconstruction contracts, including work in Iraq and Afghanistan. Derish Wolff, former president and chief executive of Louis Berger Group Inc is reported to […]
Five unspecified "directors" are suspected of corruption in electricity contracts, the parliamentary Investigative Commission said today. According to the report from AKnews, the Committee did not say if these "directors" are employed by the government, nor did it specify what exactly the "directors" are directing, but committee member Uday Awwad said that the "directors" received […]
Iranian news agency FARS reports that senior Iraqi officials have launched a probe into corruption accusations against the country's parliament speaker, Osama al-Nujaifi. Media reports in Iraq have leveled several corruption accusations against al-Nujaifi in recent days, and questioned the source of the $600,000 he has spent on repairing his house. Some Iraqi officials have […]
Iraqi Foreign Minister Hoshyar Zebari denied allegations that he or his ministry had been bribed by Kuwait in order to settle the dispute over Kuwait's new Mubarak Port, according to a report from AKnews. Although Zebari stated that these allegations would not deserve a response, he labeled the allegations as "fabricated" and "defamatory". "The Ministry […]
