13 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Integrity halts 34B real estate loss
The Federal Integrity Commission is working to halt financial waste amounting to 34 billion dinars by exposing and assessing an improperly evaluated state-owned property in Al-Anbar Province. The property, estimated at 136 dunams, was appraised at a significantly undervalued price that does not reflect its true worth. Given that the market price per dunam is close to 300 million dinars, the actual value of the property is approximately 37 billion dinars, resulting in a discrepancy of 34 billion dinars, which represents the amount of waste. The commission halted bidding procedures for the property and ordered an external audit to ensure that financial resources are protected and to address unfair assessment practices.
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