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الحقيقة الدولية
Syrian Housing Bank Faces Corruption Scandal
The Syrian authorities announced an expansion of anti-corruption efforts following the revelation of a corruption case involving $8.454 million at the Real Estate Bank in 2021. The Minister of Finance issued a decision to suspend 34 employees and refer them for investigation, including officials from financial directorates in Damascus, Hama, Aleppo, and the bank’s management. Investigations revealed that the contract for updating the banking system was carried out in violation of laws, without the approval of the Board of Directors. It involved irregularities in contracting procedures and evaluation, with the contracting company being exempted from fines and payments being transferred through private transfer companies. The assets of the accused were seized to ensure the recovery of the funds, and the suspects were referred to the judiciary. These measures are part of the government’s efforts to enhance integrity and combat corruption.
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