(MENAFN- Iraq Business News) By John Lee.
The Iraqi Ministry of Industry and Minerals has been hit by a financial scandal with the disappearance of 120 billion dinars [$92 million] from one of its companies.
An Investigation and Control Division's official, who recently moved to the General Company for the Automotive and Equipment Industry in Iskandariya [Alexandria], in Babil governorate, detected the missing funds related to the period between 1st September, 2017, and 1st September 1, 2022.
The revelation raises further concerns about financial management and accountability within state companies.
(Source: Commission of Integrity)
The post billions of dinars disappear from iraqi ministry's company first appeared on iraq business news .
MENAFN25052023000217011061ID1106319601
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.