Wednesday, August 19, 2026
40 C
Baghdad

Iraqi Airlines Recovers 20 Billion Dinars Following Financial Investigation

The Federal Integrity Commission has announced the recovery of 20 billion Iraqi dinars for the Iraqi Airways Company. This financial return marks a significant step in addressing outstanding debts and ensuring financial accountability within state institutions.

According to official sources, a dedicated team investigated financial records and company debts. Their efforts led to the retrieval of 19,153,347,520 dinars from a private company. The recovered funds have now been returned to Iraqi Airways, reinforcing the commission’s commitment to financial oversight.

Officials stated that Iraqi Airways formally requested the repayment of the outstanding amount. The private company in question settled the debt in two installments. The first payment amounted to 16,077,320,000 dinars, while the second installment totaled 3,076,027,520 dinars. This financial recovery highlights the success of ongoing efforts to reclaim public funds and prevent financial mismanagement.

The Federal Integrity Commission continues to focus on financial recovery and preventing the loss of state resources. Earlier this month, it reported preventing waste and reclaiming significant amounts of money. In 2024 alone, the commission disclosed that approximately 950 billion dinars and 9 billion US dollars had been saved or returned to the state treasury.

Financial accountability remains a top priority for the commission. Officials stress the importance of monitoring government transactions and ensuring that public funds are used appropriately. By actively investigating financial irregularities, authorities aim to strengthen transparency and restore trust in state institutions.

Recovering 20 billion dinars for Iraqi Airways represents another milestone in financial oversight. The commission continues to pursue similar cases to secure public funds and prevent economic losses. Strengthening financial accountability remains a critical goal in safeguarding national resources.

Hot this week

Iranian Parliament Speaker Mohammad Bagher Ghalibaf Arrives in Baghdad to Deepen Iran-Iraq Cooperation

Iran-Iraq relations took center stage Wednesday as Iranian Parliament...

Kata’ib Hezbollah Sets Weapons Handover Conditions, Demands Peshmerga Dissolution

Kata’ib Hezbollah has set new conditions for handing its...

Kirkuk Demolition Standoff Escalates Over Alleged Illegal Housing

A Kirkuk demolition standoff erupted Tuesday as residents confronted authorities over...

Security Forces Foiled Targeted Drone Plot Aimed at Iraq’s Supreme Judicial Council Chief

Targeted drone plot rumors recently surfaced after intelligence agencies uncovered...

Massive Blaze Strikes Industrial District in Sulaimani

A massive Tanjaro fuel warehouse fire erupted late Monday night, injuring...

Topics

Iranian Parliament Speaker Mohammad Bagher Ghalibaf Arrives in Baghdad to Deepen Iran-Iraq Cooperation

Iran-Iraq relations took center stage Wednesday as Iranian Parliament...

Kata’ib Hezbollah Sets Weapons Handover Conditions, Demands Peshmerga Dissolution

Kata’ib Hezbollah has set new conditions for handing its...

Kirkuk Demolition Standoff Escalates Over Alleged Illegal Housing

A Kirkuk demolition standoff erupted Tuesday as residents confronted authorities over...

Security Forces Foiled Targeted Drone Plot Aimed at Iraq’s Supreme Judicial Council Chief

Targeted drone plot rumors recently surfaced after intelligence agencies uncovered...

Massive Blaze Strikes Industrial District in Sulaimani

A massive Tanjaro fuel warehouse fire erupted late Monday night, injuring...

Iraq Revives Kirkuk-Baniyas Pipeline

Iraq plans to revive the Kirkuk-Baniyas pipeline and create...

Iraq Eyes Liechtenstein Investment to Diversify Economy

Iraqi Finance Minister Faleh Sari met Princess Astrid of...

Iraq Energy Risks Threaten Economic Stability

A new academic report warns that Iraq needs major...

Related Articles