Wed. PM KTFA News Articles from Iraq 5-24-23



Clare » May 24th, 2023

Iraq recovers $20 million seized in Kuwait 32 years ago


Today, Wednesday, the head of the Integrity Commission, Haider Hanoun, announced the recovery of more than $20 million from Kuwait.

Hanoun said in a statement to state television that “the authority recovered an amount of 20 million and 437 thousand and 157 US dollars,” noting that “this amount was withheld in the National Bank of the State of Kuwait, and it is from the funds of the Iraqi embassy in Kuwait for the year 1990 after the severance of relations.”

He added, “This came through news received by the Iraq Money Recovery Fund, where the funds were searched for, the full amount was recovered, and it was duly returned to the state treasury through the Central Bank of Iraq.”

He stressed, “We are currently in the process of discussions with a Swiss legal law firm, as an understanding has been reached with it and the procedures for contracting with it have been completed due to the importance of having such a legal entity representing us in Switzerland with the aim of knowing the amount of funds, whether they are financial, gold fickles, or gold bars in Switzerland, which belong to Iraq to work on recover it”.   LINK


Source: Dinar Recaps


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