Parliamentary Committee: $240 Bn Have Been Smuggled Outside Iraq since 2003

Iraqi men hold a banner during an anti-corruption demonstration at Tahrir Square in central Baghdad. (File photo: Reuters)
Iraqi men hold a banner during an anti-corruption demonstration at Tahrir Square in central Baghdad. (File photo: Reuters)
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Parliamentary Committee: $240 Bn Have Been Smuggled Outside Iraq since 2003

Iraqi men hold a banner during an anti-corruption demonstration at Tahrir Square in central Baghdad. (File photo: Reuters)
Iraqi men hold a banner during an anti-corruption demonstration at Tahrir Square in central Baghdad. (File photo: Reuters)

Iraq’s parliamentary integrity committee announced that about $240 billion have been smuggled outside the country since 2003.

Committee member Taha al-Difai indicated that the government formed an anti-corruption committee which came under political pressure, affecting its performance.

Difai told the state-owned Iraqi News Agency on Monday that he hopes the committee will be able to continue its work and investigate major cases such as corruption in ministries.

“Around IQD1,000 trillion ($685 billion) have been disbursed since 2003,” he said, adding that they include the budgets of the operational and investment ministries.

Difai pointed out that this amount was “wasted in contracting and rampant corruption,” noting that the committee concluded that the majority of projects in Baghdad or the provinces were assigned to incompetent companies.

The works were not completed and money was used for small projects rather than establishing strategic projects as main roads and highways, he indicated.

“The amount [$240 billion] was smuggled in the form of fake receipts and commissions were paid to officials,” pointed out Difai.

Earlier, Iraqi Prime Minister Mustafa al-Kadhimi pledged that 2021 will be the year of uncovering major truths about corruption.

Kadhimi said the government is determined to fight corruption this year, despite the pressures from various figures and parties against the measures taken by the special anti-corruption committee.

Meanwhile, Masoud Haidar, an advisor to Kurdistan Democratic Party (KDP) leader Masoud Barzani, accused Shiite parties of stealing more than $1 trillion from Iraq.

Haidar indicated that Shiite parties do not have any plans to serve Iraq and are not capable of governing the state.

Over the past years, Baghdad and Erbil have been locked in a series of disputes, most recently the oil crisis in exchange for the salaries of the region's state employees, which remains unsolved since 2015.



Iraq, UK Agree on Trade Package Worth up to $15 Billion, Defense Deal

British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)
British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)
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Iraq, UK Agree on Trade Package Worth up to $15 Billion, Defense Deal

British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)
British Prime Minister Keir Starmer (R) and Iraq's Prime Minister Mohammed Shia al-Sudani (L) shake hands during their meeting in Downing Street in London, Britain, 14 January 2025. (EPA)

Iraq and Britain have agreed on a trade package worth up to 12.3 billion pounds ($14.98 billion) and a bilateral defense deal, the Iraqi and British prime ministers said in a joint statement on Tuesday.

The deal, envisaging more than 10 times the total of bilateral trade in 2024, was announced after a meeting between Iraqi Prime Minister Mohammed Shia al-Sudani and British counterpart Keir Starmer at the latter's Downing Street offices.

It includes a 1.2-billion-pound project in which British-made power transmission systems will be used for a grid interconnection project between Iraq and Saudi Arabia, as well as a 500-million-pound plan to upgrade the Al-Qayyarah air base in northern Iraq.

A water infrastructure project by a UK-led consortium that will help provide clean water in arid southern and western Iraq is also part of the deal, the statement said. The project would be worth up to 5.3 billion pounds in UK exports.

Sudani and Starmer also signed a defense deal that "establishes the basis for a new era in security cooperation".

Sudani said earlier that the UK-Iraqi security deal would develop bilateral military ties after last year's announcement that the US-led coalition set up to fight ISIS would end its work in Iraq in 2026.

The Iraqi premier began an official visit to the United Kingdom on Monday amid historic geopolitical shifts in the Middle East.

Iraq is trying to avoid becoming a conflict zone once again amid a period of regional upheaval that has seen Iran's allies Hamas degraded in Gaza and Hezbollah battered in Lebanon during wars with Israel, and Bashar al-Assad toppled in Syria.