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Iraq Takes New Legal Measures to Recover Looted Funds

Iraqi President Barham Salih announced a mechanism to retrieve stolen state money (AFP)
Iraqi President Barham Salih announced a mechanism to retrieve stolen state money (AFP)
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Iraq Takes New Legal Measures to Recover Looted Funds

Iraqi President Barham Salih announced a mechanism to retrieve stolen state money (AFP)
Iraqi President Barham Salih announced a mechanism to retrieve stolen state money (AFP)

Iraqi President Barham Salih revealed on Wednesday new legal measures to recover the looted funds from Iraq.

Since 2003, a year after the ouster of Saddam Hussein, almost $250 billion of Iraqi public funds has vanished.

In a televised interview on Wednesday, Salih said that the presidency intends to introduce a code of conduct to put in place mechanisms to recover the stolen money, which may have gone abroad.

"Corruption is dangerous and needs serious mechanisms to tackle it," he added, noting that despite major challenges, a number of rulings took place regarding corruption cases before.

Salih stressed that striking financial corruption was essential to establishing security.

He further highlighted the importance of holding fair elections in which Iraqis feel reassured that their "votes are protected and their decisions are respected."

His announcement came as the Supreme Council, which was formed by Iraqi Prime Minister Mustafa Al-Kadhimi, is still exerting efforts to combat corruption.

While it charged several officials in corruption cases, the council is investigating with others who worked in various Iraqi institutions and ministries.

In this regard, economist Basem Jamil Antoun told Asharq Al-Awsat newspaper that the new legal measures adopt certain criteria to assess the professional behavior of concerned parties.

Regarding means to recover looted funds, Antoun said that international and local efforts are needed to recover funds smuggled abroad.

Part of the funds vanished under Saddam’s rule, while the other part is linked to the post-2003 phase, he noted.

Antoun said that the stolen funds are estimated at $250 billion, however, he noted that there are no exact figures.

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Lebanon Military Says One Soldier Killed, 18 Hurt in Israeli Strike on Army Center

Lebanese army soldiers and people stand at the site of an Israeli strike in the town of Baaloul, in the western Bekaa Valley, Lebanon October 19, 2024. REUTERS/Maher Abou Taleb
Lebanese army soldiers and people stand at the site of an Israeli strike in the town of Baaloul, in the western Bekaa Valley, Lebanon October 19, 2024. REUTERS/Maher Abou Taleb
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Lebanon Military Says One Soldier Killed, 18 Hurt in Israeli Strike on Army Center

Lebanese army soldiers and people stand at the site of an Israeli strike in the town of Baaloul, in the western Bekaa Valley, Lebanon October 19, 2024. REUTERS/Maher Abou Taleb
Lebanese army soldiers and people stand at the site of an Israeli strike in the town of Baaloul, in the western Bekaa Valley, Lebanon October 19, 2024. REUTERS/Maher Abou Taleb

An Israeli strike on a Lebanese army center on Sunday killed one soldier and wounded 18 others, the Lebanese military said.

It was the latest in a series of Israeli strikes that have killed over 40 Lebanese troops, even as the military has largely kept to the sidelines in the war between Israel and Hezbollah.

There was no immediate comment from the Israeli military, which has said previous strikes on Lebanese troops were accidental and that they are not a target of its campaign against Hezbollah.

Lebanon's caretaker prime minister, Najib Mikati, condemned it as an assault on US-led ceasefire efforts, calling it a “direct, bloody message rejecting all efforts and ongoing contacts” to end the war.

“(Israel is) again writing in Lebanese blood a brazen rejection of the solution that is being discussed,” a statement from his office read.

The strike occurred in southwestern Lebanon on the coastal road between Tyre and Naqoura, where there has been heavy fighting between Israel and Hezbollah.

Hezbollah began firing rockets, missiles and drones into Israel after Hamas' Oct. 7, 2023, attack out of the Gaza Strip ignited the war there. Hezbollah has portrayed the attacks as an act of solidarity with the Palestinians and Hamas. Iran supports both armed groups.

Israel has launched retaliatory airstrikes since the rocket fire began, and in September the low-level conflict erupted into all-out war, as Israel launched waves of airstrikes across large parts of Lebanon and killed Hezbollah's top leader, Hassan Nasrallah, and several of his top commanders.

Israeli airstrikes early Saturday pounded central Beirut, killing at least 20 people and wounding 66, according to Lebanon's Health Ministry. Hezbollah has continued to fire regular barrages into Israel, forcing people to race for shelters and occasionally killing or wounding them.

Israeli attacks have killed more than 3,500 people in Lebanon, according to Lebanon’s Health Ministry. The fighting has displaced about 1.2 million people, or a quarter of Lebanon’s population.

On the Israeli side, about 90 soldiers and nearly 50 civilians have been killed by bombardments in northern Israel and in battle following Israel's ground invasion in early October. Around 60,000 Israelis have been displaced from the country's north.

Hezbollah fired barrages of rockets into northern and central Israel on Sunday, some of which were intercepted.

Israel's Magen David Adom rescue service said it was treating two people in the central city of Petah Tikva, a 23-year-old man who was lightly wounded by a blast and a 70-year-old woman suffering from smoke inhalation from a car that caught fire. The first responders said they also treated two women in their 50s who were wounded in northern Israel.

It was unclear whether the injuries and damage were caused by the rockets or interceptors.

The Biden administration has spent months trying to broker a ceasefire, and US envoy Amos Hochstein was back in the region last week.

The emerging agreement would pave the way for the withdrawal of Hezbollah fighters and Israeli troops from southern Lebanon below the Litani River in accordance with the UN Security Council resolution that ended the 2006 war. Lebanese troops would patrol the area, with the presence of UN peacekeepers.