The Second Karkh Investigative Court has recovered IQD 30 billion (approximately $23 million) in connection with a financial fraud case.
According to a statement issued by the Supreme Judicial Council (SJC), the amount was recovered from a company that violated the law by exploiting exchange rate differences in foreign currency transfers conducted through fraudulent methods.
The court confirmed that the recovery was achieved under the supervision of the First Judge of the Second Karkh Investigative Court, and that efforts are ongoing to take legal measures against other companies using similar unlawful practices to generate excessive profits at the expense of public funds.
