Economy News – Baghdad
On Tuesday, the Federal Integrity Authority revealed details regarding the arrest of individuals involved in embezzlement linked to public traffic funds.
According to a statement issued by the commission, which has been reviewed, the operation was executed based on a judicial warrant and under the direct supervision of the investigating judge. The commission’s investigation unit in Baghdad formed a dedicated team upon receiving intelligence suggesting that relatives of the accused were concealing evidence related to an embezzlement case involving the General Traffic Directorate. Specifically, the investigation led to the discovery of financial assets and gold that originated from this embezzlement scheme, hidden in an abandoned house in one of Baghdad’s neighborhoods.
Authorities emphasized the extensive efforts of the team, which resulted in locating substantial sums of money and gold artifacts within a concealed area behind a constructed wall. The total amount of seized cash was reported to be 3,390,000,000 Iraqi dinars, along with approximately 5 kilograms of gold items.
Furthermore, four brothers of the chief suspect’s wife were apprehended at the scene of the operation. A formal seizure report was prepared, and the four suspects have been presented to the Rusafa Investigation Court, which specializes in matters of integrity, money laundering, and economic crime. The court has since decided to retain them in custody pending further investigation.
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