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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Iraqi PM: Probe Recovers Part of $2.5B Embezzled from Taxes

A handout picture released by Iraq's Prime Minister's Media Office shows Prime Minister Mohamed Shia al-Sudani speaking next to piles of cash on November 27, 2022, reportedly part of recuperated $2.5 billion of government funds fraudulently withdrawn from a bank. (Iraqi Prime Minister's Media Office/ Handout/ AFP)

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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