Baghdad (IraqiNews.com) – The Iraqi Minister of Communications, Mustafa Sanad, announced on Monday that his ministry successfully foiled the transfer of 116 billion Iraqi dinars (approximately $88.5 million) to Dubai, the UAE, according to local news outlet Zoom News.
The step reflects the government’s efforts to curb corruption.
Sanad described the operation, which sparked considerable reaction in political and media societies, as a preventive measure to preserve public funds from waste and unlawful transfers.
“God blessed us today with success in stopping the disbursement of 116 billion Iraqi dinars, which were on their way to Dubai in a moment of inattention,” Sanad said in a statement.
The action was taken as an urgent oversight intervention that stopped the disbursement prior to final approval.
The decision is in line with Sanad’s new regulations, which aim to tighten financial supervision measures and prevent suspected corruption.
The identities of the individuals or companies involved in this financial transaction have yet to be disclosed by the Ministry of Communications, with speculations that the entire matter will be brought to Iraq’s Commission of Integrity (COI) and the Iraqi judiciary for further investigation.