The latest corruption news from Iraq – company or government bribes, theft, stealing – brought to you by Iraq Business News
The protests in Iraq, while obviously inspired by those in other Arab countries, have a different focus. The latter have been primarily about politics. In Iraq the protestors’ demands center on economic problems. They want more jobs and electricity and less corruption. Due to its natural resource endowment, Iraq is an example of what political […]
The parliamentary economic committee will oversee all commercial contracts signed by the Trade Ministry in order to eliminate corruption, a committee member announced today. Salman al-Moussawi told AKnews that the intervention of the commission is backed by the government in a bid to accelerate the work of the ministry and negate the possibility of fraudulent […]
The Parliamentary Integrity Commission revealed on Sunday the most corrupt government ministries, indicating that they are currently investigating the cases and that more details will follow. Bahaa al-Aaraji, the chairman of the committee told AKnews that the most corrupt ministries are those of health, trade, defense, sports and youth, as well as the Secretariat of […]
A former U.S. Army major and his wife have been convicted of bribery and money laundering in a huge scheme that illegally funneled some $60 million in Iraq war contracts, the Justice Department said on Wednesday according to a report from AFP. Eddie Pressley and his wife Eurica, from Harvest, Alabama, engaged in "an audacious […]
Riad El-Taher has been jailed for 10 months for making illegal payments to the Iraqi Government of Saddam Hussein in contravention of United Nations sanctions and UK law Riad El-Taher, a British citizen aged 71 from Esher, Surrey, has admitted that in 2001 he made four illegal payments totalling over $500,000 to the Iraqi Government […]
Two former directors and a sales manager of engineering firm Mabey & Johnson Ltd have been sentenced today for providing kickbacks to the Iraqi government of Saddam Hussein. Charles Forsyth, David Mabey and Richard Gledhill inflated the contract price for the supply of steel bridges and disguised illegal payments that were channelled through Jordanian banks. […]
Around $34 million is "missing" from a post-Gulf War fund that Iraq maintains to protect the money from foreign claims, its parliamentary speaker said on Monday as authorities scrambled to head off further protests on cutting politicians' pay and ramping up support for the needy. "There is missing money, we do not know where it […]
Iraqi authorities have arrested a high-ranking police official in connection with the purchase of a bomb detector that the British government says does not work, officials said on Thursday. Reuters reports that Iraq spent about £75 million [$120m] on the devices, which are widely used by police and soldiers at security checkpoints and were meant […]
By Tariq Abdell, Iraq's political risk analyst, and Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. As Iraq-business news celebrates its one year anniversary, MENA region is witnessing a fundamental political upheavals and changes, costing Mubarak of […]
A legal adviser to Prime Minister Nouri al-Maliki said on Sunday that the Iraqi government is currently pursuing more than 150 foreign companies accused of corruption in the Oil-for-Food program, according to an AKnews report. Fadel Mohammed told the agency that the government is determined to bring these companies to justice, adding that there are […]
Masoud Barzani, President of Iraqi Kurdistan, held a meeting on Wednesday with the prime minister of the Kurdistan Regional Government (KRG), the speaker of Kurdistan Parliament, and leaders and representatives of political parties in the region to exchange views on how to fight corruption and make the KRG's institutions more efficient. President Barzani said it […]
A U.S. Marine captain who last year pleaded guilty to skimming nearly $1.7 million from government contracts in Iraq was sentenced to six years in federal prison on Monday. Eric Schmidt, aged 40, of the First Marine Division, pleaded guilty in May to conspiracy to commit wire fraud and filing a false tax return with […]
