The Parliamentary Integrity Committee reported today, Tuesday, that investigations into the "Theft of the Century" case revealed that the value of embezzled funds rose to around 8 trillion dinars.
Committee member Talib Al-Baydhani, according to the official newspaper, said, "Recovering looted funds represents one of the essential duties undertaken by the Federal Integrity Commission in cooperation with the Parliamentary Integrity Committee," stressing that "the committee is continuously following up
on this file to recover Iraq's funds and hold those involved accountable."
Al-Baydhani explained that "part of the stolen funds has already been recovered, while other funds are still outside the country and require legal and diplomatic moves to recover them," indicating that "this file needs support and high coordination between regulatory
and executive authorities, along with cooperation with the Prime Minister's Office, which in turn emphasized the importance of this file as a national priority."
Al-Baydhani explained that "part of the stolen funds has already been recovered, while other funds are still outside the country and require legal and diplomatic moves to recover them," indicating that "this file needs support and high coordination between regulatory and executive authorities, along with cooperation with the Prime Minister's Office, which in turn emphasized the importance of this file as a national priority."
He pointed out that "funds seized illegally must be returned to the state treasury," stressing that "their recovery represents a real step towards protecting public funds and restoring the rights of Iraqis, as well as holding all those involved in embezzlement or suspicious deals accountable."
Al-Baydhani stated that "initial estimates for the 'Theft of the Century' case indicated the embezzlement of around two and a half trillion dinars, but investigations conducted by the Integrity Commission revealed larger amounts, raising the value of embezzled funds to around eight trillion dinars."
Regarding Iraqi funds and real estate located outside the country, Al-Baydhani called on the Ministry of Foreign Affairs to "intensify its efforts, based on international agreements signed with several countries, to recover real estate and assets belonging to the former regime."
