$2.5Bn Tax Fraud Uncovered In Iraq
Date
10/17/2022 9:00:14 PM
(MENAFN- Iraq Business News)
By John Lee.
Iraq's federal Commission of Integrity (FCOI) has said it is investigating the theft of 3.7 trillion Iraqi dinars ($2.5 billion) from the General Tax Authority.
The funds were allegedly stolen from the Tax Authority's account at the state-run Rafidain bank .
According to The National, the money was paid to five recently-created companies via 247 cheques between 9th September last year and 11th August this year.
The Commission said the case has been referred to the judiciary.
More , and .
(Sources: Commission of Integrity, The National, @SajadJiyad)
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