The building of the Federal Supreme Court of Iraq in Baghdad”
Baghdad (IraqiNews.com) – The Supreme Judicial Council of Iraq announced on Tuesday, June 30, 2026, the successful recovery of 19 billion IQD (approximately $14.6 million USD) directly to the state treasury. This major asset reclamation follows the unraveling of a massive financial fraud scheme embedded within the country’s aviation sector.
According to an official statement released by the media office of the judiciary, the funds were clawed back during ongoing financial audits and anti-corruption operations targeting long-standing irregularities within public institutions.
The recovery was orchestrated by the specialized Rusafa Investigation Court, which focuses entirely on public funds and corruption portfolios within Baghdad:
Legal observers note that this reclamation marks an intensified push by the Supreme Judicial Council to audit state-owned enterprises (SOEs), which have historically served as highly insulated hubs for administrative and financial graft.
The judiciary confirmed that investigations into Iraqi Airways’ wider balance sheets will continue concurrently to identify and prosecute all senior directors and external cash-brokers involved in the asset-diversion networks.