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The Independent UK
The Independent UK
National
Associated Press

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

Copyright 2018 The Associated Press. All rights reserved.

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.

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