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Egypt Moves to Step Up Fuel Supply Ahead of Rise in Power Demand This Summer

From Asharq Al-Awsat · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Iraq's Finance Ministry will open a special account for funds recovered from illicit enrichment cases as part of an expanded anti-corruption campaign.
  • A draft law on asset recovery will be submitted to parliament, while a former tax chief and his wife received prison sentences for money laundering.
  • The government's anti-corruption efforts have garnered significant public and political support, with over 50 suspects arrested in a crackdown on senior officials.

Iraq's government is intensifying its anti-corruption drive with the opening of a dedicated account for funds recovered from illicit enrichment cases. Prime Minister Ali al-Zaidi ordered the Finance Ministry to establish the account, signaling a commitment to protecting public money and strengthening state institutions.

A draft law on asset recovery is set to be submitted to parliament soon, according to government spokesman Haider al-Aboudi. He stated that the new account will hold funds from individuals convicted of illicit enrichment, emphasizing a comprehensive approach to institutional reform. Operation Dawn has led to the arrest of 21 suspects, with ongoing investigations aiming to uncover broader corruption networks.

the government had adopted a comprehensive approach to institutional reform and combating corruption.

— Haider al-AboudiGovernment spokesman Haider al-Aboudi explained the government's strategy.

In a significant development, the former General Commission for Taxes Director General, Osama Hossam Jawdat, and his wife were sentenced for money laundering. The court ordered them to pay a substantial fine, forfeit numerous properties in Baghdad and Turkey, and surrender confiscated cash, rental income, jewelry, and bank funds. Their movable and immovable assets were also frozen.

The government's recent arrests of senior officials, lawmakers, and directors have received broad public and political backing, sparking hope that Iraq can finally curb widespread corruption, which is estimated to have cost the country over $500 billion. Over 50 suspects have been apprehended so far, with more individuals reportedly sought.

the commission had made significant progress in digital transformation, enabling it to freeze substantial assets abroad and prevent those accused of corruption from disposing of them.

— Abbas MutibAbbas Mutib, director general of the Integrity Commission’s asset recovery department, described the commission's technological advancements.
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Originally published by Asharq Al-Awsat. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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