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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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Israeli Forces Surround Lebanon’s Khiam Ahead of Storming it

Smoke rises as a result of an Israeli airstrike on the village of al-Khiam in southern Lebanon, as seen from the Israeli side of the border, northern Israel, 22 November 2024, amid cross-border hostilities between Hezbollah and Israel. (EPA)
Smoke rises as a result of an Israeli airstrike on the village of al-Khiam in southern Lebanon, as seen from the Israeli side of the border, northern Israel, 22 November 2024, amid cross-border hostilities between Hezbollah and Israel. (EPA)
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Israeli Forces Surround Lebanon’s Khiam Ahead of Storming it

Smoke rises as a result of an Israeli airstrike on the village of al-Khiam in southern Lebanon, as seen from the Israeli side of the border, northern Israel, 22 November 2024, amid cross-border hostilities between Hezbollah and Israel. (EPA)
Smoke rises as a result of an Israeli airstrike on the village of al-Khiam in southern Lebanon, as seen from the Israeli side of the border, northern Israel, 22 November 2024, amid cross-border hostilities between Hezbollah and Israel. (EPA)

Israeli forces have blocked supply routes to the southern Lebanese border city of al-Khiam ahead of storming it.

They have also surrounded the strategic city with Hezbollah fighters still inside, launching artillery and air attacks against them.

Hezbollah fighters have been holding out in Khiam for 25 days. The capture of the city would be significant and allow Israeli forces easier passage into southern Lebanon.

Field sources said Israeli forces have already entered some neighborhoods of Khiam from its eastern and southern outskirts, expanding their incursion into its northern and eastern sectors to fully capture the city.

They cast doubt on claims that the city has been fully captured, saying fighting is still taking place deeper inside its streets and alleys, citing the ongoing artillery fire and drone and air raids.

Israel has already cut off Hezbollah’s supply routes by seizing control of Bourj al-Mamlouk, Tall al-Nahas and olive groves in al-Qlaa in the Marayoun region. Its forces have also fanned out to the west towards the Litani River.

The troops have set up a “line of fire” spanning at least seven kms around Khiam to deter anti-tank attacks from Hezbollah and to launch artillery, drone and aerial attacks, said the sources.

The intense pressure has forced Hezbollah to resort to suicide drone attacks against Israeli forces.

Hezbollah’s al-Manar television said Israeli forces tried to carry out a new incursion towards Khiam’s northern neighborhoods.

Lebanon’s National News Agency reported that since Friday night, Israeli forces have been using “all forms of weapons in their attempt to capture Khiam, which Israel views as a strategic gateway through which it can make rapid ground advances.”

It reported an increase in air and artillery attacks in the past two days as the forces try to storm the city.

The troops are trying to advance on Khiam by first surrounding it from all sides under air cover, it continued.

They are also booby-trapping some homes and buildings and then destroying them, similar to what they have done in other southern towns, such as Adeisseh, Yaround, Aitaroun and Mais al-Jabal.

Khiam holds symbolic significance to the Lebanese people because it was the first city liberated following Israel’s implementation of United Nations Security Council 425 on May 25, 2000, that led to its withdrawal from the South in a day that Hezbollah has since declared Liberation Day.