Iraqi PM: Probe recovers part of $2.5B embezzled from taxes

28/11/2022 19:54

        Iraq's government said on Sunday it will recover part of nearly $2.5 billion in funds embezzled from the country's tax authority in a massive scheme involving a network of businesses and officials.
        
        Approximately 182 billion Iraqi dinars, or $125 million, of the stolen sum will be recovered through the seizure of properties and assets belonging to a well-connected businessman complicit in the corruption scheme, Prime Minister Mohammed Shia al-Sudani's office said in a statement.
        
        The amount retrieved was disbursed to Noor Zuhair Jassim, a businessman who was arrested in connection to the scheme along with officials from the government tax authority for withdrawing funds from a tax deposit account between September 2021 to August 2022.