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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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Senior Israeli Official: Al-Sharaa Is Clearly Our Enemy

Children ride in a truck as they are evacuated due to fears of Israeli army incursions, following a drone attack that reportedly killed at least four people in the area, on the outskirts of the village of Koayiah, southwestern Syria, Tuesday, March 25, 2025. (AP Photo/Omar Albam)
Children ride in a truck as they are evacuated due to fears of Israeli army incursions, following a drone attack that reportedly killed at least four people in the area, on the outskirts of the village of Koayiah, southwestern Syria, Tuesday, March 25, 2025. (AP Photo/Omar Albam)
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Senior Israeli Official: Al-Sharaa Is Clearly Our Enemy

Children ride in a truck as they are evacuated due to fears of Israeli army incursions, following a drone attack that reportedly killed at least four people in the area, on the outskirts of the village of Koayiah, southwestern Syria, Tuesday, March 25, 2025. (AP Photo/Omar Albam)
Children ride in a truck as they are evacuated due to fears of Israeli army incursions, following a drone attack that reportedly killed at least four people in the area, on the outskirts of the village of Koayiah, southwestern Syria, Tuesday, March 25, 2025. (AP Photo/Omar Albam)

A senior Israeli official warned on Tuesday that the growing understandings between Syria and Türkiye could restrict Israel's operational freedom in Syria.

Regarding Syrian leader Ahmed al-Sharaa, the Haaretz newspaper quoted the senior official as saying, “He is a classic Islamist and clearly our enemy – without a doubt.”

The official added, "This is a strategic asset we must preserve. Türkiye’s goal is to limit Israeli activity in Syria. We have no interest in confrontation, but we won't give up our positions either."

The senior official also addressed the Israeli Army operations in Syria, stating, “We have full backing from the US president.”

Regarding the possibility of Türkiye establishing a base in Syria, he said, “We don't believe Erdogan will be the one to provide the funding.”

Lately, Israeli officials have voiced concerns over reports that Türkiye is considering establishing a military base in Syria.

Israeli security sources said Prime Minister Benjamin Netanyahu is holding security consultations to discuss concerns over Turkish influence in Syria following the fall of Bashar Assad’s regime, and is trying to portray a confrontation with Ankara as inevitable.

The Hebrew website Walla, citing security sources, said Syria is holding contacts with Türkiye regarding the transfer of areas near Palmyra (central Syria) to the Turkish army in exchange for economic and military support for Damascus. This development sparked significant Israeli concerns, the sources said.
They noted that the new Syrian regime is working to restore military bases and enhance missile and defense capabilities in the south, near Israel.

Last Thursday, a Turkish Ministry of Defense source confirmed to Asharq Al-Awsat reports about plans to establish a military base in Syria.

The source, who requested anonymity, said Türkiye is evaluating, in line with the new Syrian government's requests, the possibility of setting up a training base to enhance the capabilities of the Syrian military.

This statement was made in response to questions during a weekly press briefing by the Turkish Ministry of Defense, addressing recent reports regarding the potential establishment of a Turkish military base in Palmyra, Homs province, and an airbase at the Menagh Military Airport in Aleppo province.

“All our activities in Syria are coordinated in advance with the relevant parties, and all necessary security measures are taken,” the source added.

Earlier last month, Israeli Defense Minister Israel Katz said Israel will defend itself against any threat from Syria, while vowing the military will continue working to keep southern Syria demilitarized.

“We will ensure that southern Syria remains demilitarized and free of threats, and we will protect the local Druze population - anyone who does harm to them will face out response,” he wrote on his X page.