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Member of Iraqi Integrity Committee: 200 billion IQD stolen during currency auction

PM:07:29:03/11/2022

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SULAIMANI — Ali Turki, a member of the Iraqi parliament’s Integrity Committee, said 200 billion Iraqi dinars was stolen from the Corporate of Trusts and Remittances in the process of buying dollars from the currency auction.

Turki said participants who entered the auction paid an amount of money as a guarantee payment for security reasons but when they tried to retrieve the money after the auction, it was not available.

He said that the funds were stolen at the time of the caretaker government under Prime Minster Mustafa al-Kadhimi.

According to Turki, at the time of the government of former Prime Minister Haider al-Abadi, the conditions of entry to the dollar-sale auction were changed from written guarantees to financial guarantees.

The allegations are the latest scandal involving missing funds connected to the Iraqi government.

In October, the Ministry of Finance reported more than 3 trillion Iraqi dinars have been stolen from the tax authority’s account at the state bank of Rafidain and five officials are suspected of the theft.

(NRT Digital Media)