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Iraq issues arrest warrants in 'heist of the century'

Iraq issues arrest warrants in 'heist of the century'

13 Sept 12:09 Key points summarised by AI
  • Iraq's judiciary issued arrest warrants for four former government officials accused of facilitating the theft of $2.5 billion in public funds, dubbed 'the heist of the century'.
  • The accused, including former finance minister Ali Allawi and staff from ex-PM Mustafa al-Kadhemi's office, are reportedly living outside Iraq.
  • The massive embezzlement occurred between September 2021 and August 2022, involving 247 cheques cashed by five companies whose owners are now on the run.
  • The warrants accuse the officials of 'facilitating the embezzlement' and mandate an asset freeze.
  • Current Prime Minister Mohammed Shia al-Sudani has vowed to vigorously crack down on corruption since taking office.
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