Iraq Opens Investigation into Suspected Disappearance of $140 Billion from Public Revenues
The Iraqi Public Prosecution has instructed the Second Karkh Investigation Court to investigate the disappearance of approximately $140 billion from state revenues in recent years. This directive follows a report from Member of Parliament Mohammed Jassim Al-Khafaji, which includes documents and recordings involving a former official in the Ministry of Finance. The case coincides with governmental and judicial efforts to combat corruption and recover public funds, amid financial pressures resulting from the delay in passing the 2026 budget and the continued use of a temporary disbursement mechanism.
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