Syria launches new corruption probe
The Syrian authorities announced the expansion of their anti-corruption measures following the revelation of a case involving embezzlement of 8.454 million dollars from the Housing Bank in 2021. Investigations revealed legal and contractual violations related to the development of the banking system, including exceptions granted by the Prime Minister without the approval of the Board of Directors, exemption of the contracting company from fines and delays, and the illegal release of dues. As a result, the accused, including the former bank manager, were referred to the judiciary, with their funds seized to ensure recovery of the diverted amounts.
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