Iraq Recovers Huge Sums Of Money From The UAE
January 22, 2024 Baghdad/Al-Masala Al-Hadath: The Federal Integrity Commission announced, on Monday, the recovery of the first batch of funds owed by a convict from the United Arab Emirates.
The authority stated in a statement that “the efforts of the Recovery Department resulted in the recovery of a first payment of the amount that the convict deposited in a bank in the Emirates,” indicating that “in 2005, the Iraqi Central Criminal Court issued a pre-trial ruling of (8) years’ imprisonment against the convict who committed “For robbing government banks after the events of 4/9/2003, it also ruled to confiscate an amount of (500,000) thousand dollars that he deposited in a bank in the UAE.”
She added, “The recovered amount was transferred from the Emirates to the Rafidain Bank account through a debt collection company,” noting “the role of the Iraqi embassy in Abu Dhabi in following up on the transfer of the amount.”
She pointed out that “the case file against the convict was sent to the Ministry of Foreign Affairs from the Supreme Judicial Council - Head of Public Prosecution, and it was sent to the UAE judicial authorities.”
She continued, “The follow-up procedures resulted in the issuance of a ruling by the Emirati judiciary obligating the convict to pay an amount of (960,100) thousand dollars to Rafidain Bank, followed by the affected party, confirming that the authority will continue to follow up on the recovery of the entire amount owed by the convict.” https://almasalah.com/archives/80339
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