Shafaq News- Baghdad
Iraq’s anti-corruption authorities have blocked an attemptto siphon 1.5 trillion Iraqi dinars ($1.15 billion) from two state-owned banks,Rafidain and Rasheed, the Federal Commission of Integrity reported on Thursday.
Described as one of the largest financial fraud schemesuncovered in recent months, the operation involved a three-member networkaccused of attempting to cash seven forged cheques, along with a sales contractvalued at 612 billion dinars (about $470 million).
Authorities have detained the suspects.
Iraq has recovered nearly one trillion dinars (about $770million) in public funds over the past year through judicial action targetingdozens of senior officials, including ministers.