Baghdad-INA
The Nineveh Investigation Court, which specializes in integrity cases, clarified on Monday that judicial decisions were issued ordering the seizure of real estate and factories worth 69 billion dinars in the case of the Deputy Minister of Oil for Liquidation Affairs.
The Nineveh Investigation Court stated in a statement received by the Iraqi News Agency (INA) that “judicial decisions were issued to seize 9 commercial properties and 3 flour production plants in the city of Mosul, with a total value of about 69 billion Iraqi dinars, in addition to 7 modern transport trucks, each valued at $200,000, in the case of the detained Undersecretary of the Ministry of Oil for Refining Affairs, Adnan al-Jumaili, and the parties involved with him in money laundering and financial corruption crimes.”
The court added that "the market value of the commercial properties located in the city center is about 45 billion dinars, while the value of the flour mills is estimated at 24 billion dinars," indicating that "the fugitive defendants registered these properties in the names of their workers, to disguise and conceal their illegal source."
It continued, "Given that these properties and factories are productive and generate continuous profits, it was decided to appoint judicial guardians to manage and maintain them, in order to ensure their continued operation and secure the receipt of all their financial revenues."
The court affirmed that "legal procedures and the pursuit of fugitive defendants are ongoing until the cases are definitively resolved, as part of a series of measures to track suspicious assets, dry up sources of illicit gain, and protect public funds."
