Shafaq News- Baghdad
Iraq's judiciary on Monday orderedthe seizure of assets worth about 69 billion Iraqi dinars (around $52.4M) in amoney laundering and financial corruption case involving detained Deputy OilMinister for Refining Affairs Adnan Al-Jumaili and other suspects.
The Nineveh Integrity InvestigationCourt said the seizure covers nine commercial properties in Mosul valued atabout 45 billion dinars ($34.2M) and three flour mills worth an estimated 24billion dinars ($18.2M).
The order also includes seven moderntransport trucks, each valued at around $200,000.
The court alleged that fugitivesuspects registered the assets in the names of their workers to conceal theirillicit origin. As the assets remain operational and generate revenue, judicialcustodians were appointed to manage them and ensure all proceeds are collectedunder judicial supervision.
Earlier today, Iraq's judiciaryannounced the recovery of 375 kilograms of gold linked to the same casefollowing coordination with authorities in the Kurdistan Region. The gold wastransferred to the director-general of the Central Bank of Iraq's Issue andVaults Department and his deputy.
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