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Auditors in Iraq Uncover Staggering $2.5 Billion Tax Fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards. The scandal poses an early test for Iraq’s new government, which was formed late last month after a prolonged political crisis.

Asharq Al-Awsat · Nov 22, 2022

Auditors in Iraq uncover staggering $2.5 billion tax fraud

Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards

The Independent UK · Nov 21, 2022

‘Heist of the century’: how $2.5bn was plundered from Iraqi state funds

Mystery surrounds embezzlement of tax revenues, which appears to have been facilitated by some of the highest offices in the country

The Guardian - UK · Nov 20, 2022