Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Iraq Confirms, Probes Theft of $2.5 Billion from Tax Agency

Iraq Confirms, Probes Theft of $2.5 Billion from Tax Agency

With corruption being pervasive at all levels of government in Iraq, the vanishing of around $2.5 billion from a bank fund of Iraq’s General Tax Authority has emerged as one of the biggest scandals in the country’s recent history.
Many Iraqis believe that the theft, announced on Sunday, proves that corruption has ushered in total disregard for public funds.

Iraqi authorities, for their part, rushed to open an investigation to locate the missing funds. Although they announced a probe, Iraqi authorities did not reveal the identity of the suspects involved in the theft.

State news agency INA reported Saturday that an internal probe by the Finance Ministry found the money had been withdrawn from the agency’s account at a state-owned Rafidain bank.

The ministry has asked the government’s anti-corruption body to investigate, INA said, without naming the officials embroiled in the case.

Oil Minister Ihsan Abdul Jabbar resigned from his position as Iraq’s acting finance minister after exposing the theft scandal.

Details leaked from the General Tax Authority reveal that the $2.5 billion were withdrawn between September 9, 2021, and August 11, 2022, by five companies who cashed cheques that add up to that amount.

Prime Minister Mohammad Shia Al-Sudani tweeted that this matter has been made one of the government’s top priorities, adding that he will not allow the Iraqi people’s money to be stolen.

“My government had already discovered this violation based on information and indications pointing to it,” said outgoing Iraqi Prime Minister Mustafa Al-Kadhimi, adding that his administration moved swiftly to open investigations and proceed with needed legal procedures.

“All evidence and documents were handed over to the judiciary months ago. The judiciary, in turn, is moving forward with this case with high professionalism and calmness, away from the language of extortion and misleading populist rhetoric,” explained Kadhimi.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×