Saturday, May 2, 2026
33 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

President Nechirvan Barzani Holds Talks with UAE President in Abu Dhabi

President Nechirvan Barzani met UAE President His Highness Sheikh...

U.S. Investigation Finds No Iran Links to Ali al-Zaidi

The Iraqi PM's financial probe has drawn major attention after a...

Baghdad Limits New Drone Defense Systems to Federal Institutions

The Kurdistan drone attacks continue to raise security concerns across Iraq...

Iraq Cabinet Talks Advance Under Ali al-Zaidi Government Formation Plan

The Iraq cabinet formation talks continue to shape Iraq’s political landscape...

Iraq Security Funding Shift Cuts Peshmerga Aid as the U.S. Redirects Support to Federal Forces in FY 2027 Plan

The Iraq security funding shift marks a major change in the...

Topics

President Nechirvan Barzani Holds Talks with UAE President in Abu Dhabi

President Nechirvan Barzani met UAE President His Highness Sheikh...

U.S. Investigation Finds No Iran Links to Ali al-Zaidi

The Iraqi PM's financial probe has drawn major attention after a...

Baghdad Limits New Drone Defense Systems to Federal Institutions

The Kurdistan drone attacks continue to raise security concerns across Iraq...

Iraq Cabinet Talks Advance Under Ali al-Zaidi Government Formation Plan

The Iraq cabinet formation talks continue to shape Iraq’s political landscape...

Damac Unveils Harir Residences in Iraqi Capital

The Baghdad luxury housing project market continues expanding after Damac International...

Rwanga Foundation Launches Water Recycling System at Erbil Mosque

The water recycling system launched by The Rwanga Foundation at Haji...

The U.S. Escalates Pressure on Iraqi Armed Networks With $10M Reward Offer

The U.S.-Iraq security pressure campaign has intensified after Washington announced a...

Related Articles