Shafaq News- Al-Diwaniyah
A joint force from Iraq'sFederal Commission of Integrity and a SWAT unit arrested several Rafidain Bankofficials in the southern province of Al-Diwaniyah on Thursday over a suspectedcurrency manipulation operation that authorities believe resulted in theembezzlement of about 1.6 billion Iraqi dinars ($1.22M), a source told ShafaqNews.
The investigation uncoveredthe fraudulent replacement of banknotes originally denominated at 50,000 Iraqidinars ($38.15) with 1,000-dinar notes, enabling the theft.
Authorities are continuingefforts to identify all those involved and recover the stolen funds.