Monday, July 13, 2026
35.7 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

Iraq Cooling Prices Double as Summer Shortage Grips Baghdad

Cooling equipment prices have nearly doubled across Baghdad as...

Iraqi Oil Exports to U.S. Drop to Zero in Sudden Supply Halt

The United States recorded no crude oil imports from...

Iraq Puts Oil and Investment at Center of High-Stakes Washington Visit

Prime Minister Ali Al-Zaidi will lead a senior Iraqi...

Iraq’s Grand Basra Water Project Nears Completion at 86.5%

Iraq has accelerated work on a major water pipeline...

Iraq Offers Land and Investment Incentives to Bring Christians Home

Prime Minister Ali Falih al-Zaidi has made the permanent...

Topics

Iraq Cooling Prices Double as Summer Shortage Grips Baghdad

Cooling equipment prices have nearly doubled across Baghdad as...

Iraqi Oil Exports to U.S. Drop to Zero in Sudden Supply Halt

The United States recorded no crude oil imports from...

Iraq Puts Oil and Investment at Center of High-Stakes Washington Visit

Prime Minister Ali Al-Zaidi will lead a senior Iraqi...

Iraq’s Grand Basra Water Project Nears Completion at 86.5%

Iraq has accelerated work on a major water pipeline...

Iraq Offers Land and Investment Incentives to Bring Christians Home

Prime Minister Ali Falih al-Zaidi has made the permanent...

Iraq Captagon Crackdown Nets 51kg in Major Drug Raids

Iraq’s Interior Ministry seized more than 51 kilograms of...

Iraq Strikes HKN Energy Deal to Boost Hamrin Output

Iraq signed a new agreement with U.S.-based HKN Energy...

Millions Found in Drain as Iraq Corruption Probe Widens

Iraqi authorities recovered more than 14 billion dinars in...

Related Articles