Tuesday, March 31, 2026
20 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

KRG Online Classes Extended as Schools Shift Amid Security Concerns

The Kurdistan Regional Government (KRG) announced Sunday that it...

Iraq Sets April 8 Deadline to Resolve Stalled Political Entitlements

The head of the parliamentary Reconstruction and Development bloc,...

Iraq Presidential Vote Scheduled for April 11 Amid Political Deadlock

Iraq’s Parliament has officially set April 11 for the...

Oil Surges as Houthi Attacks Widen Middle East Conflict

Oil prices climbed sharply on Monday after Yemen’s Houthis...

U.S. Dollar in Iraq Rises Above 155,000 Dinars in Baghdad and Erbil

The U.S. dollar in Iraq opened Monday’s trading higher,...

Topics

KRG Online Classes Extended as Schools Shift Amid Security Concerns

The Kurdistan Regional Government (KRG) announced Sunday that it...

Iraq Sets April 8 Deadline to Resolve Stalled Political Entitlements

The head of the parliamentary Reconstruction and Development bloc,...

Iraq Presidential Vote Scheduled for April 11 Amid Political Deadlock

Iraq’s Parliament has officially set April 11 for the...

Oil Surges as Houthi Attacks Widen Middle East Conflict

Oil prices climbed sharply on Monday after Yemen’s Houthis...

U.S. Dollar in Iraq Rises Above 155,000 Dinars in Baghdad and Erbil

The U.S. dollar in Iraq opened Monday’s trading higher,...

UAE Airlines Destinations Expand to Over 250 Global Cities

The UAE’s airlines continue expanding their flight networks, reaching...

Brent Crude Oil Prices Surge Above $115 per Barrel

Brent crude oil prices climbed above $115 per barrel...

Iraqi Tribal Leaders Demand an End to Government Deadlock

Iraqi tribal leaders demand an urgent resolution to the...

Related Articles