Iraq’s former Prime Minister Nouri al-Maliki had reportedly siphoned off $500bn during his eight-year rule Reuters.
Iraq’s former Prime Minister Nouri al-Maliki had reportedly siphoned off $500bn (£327bn) during his tenure between 2006 and 2014, it has been alleged. The Iraqi Commission of Integrity (CoI) has claimed nearly half of the government’s revenues during the eight-year period had been “stolen”.
What is being termed as “the greatest political corruption scandal in history”, CoI’s spokesperson Adil Nouri told the Iraqi parliament that as much as half a trillion dollar funds from the government’s coffers have systematically disappeared during al-Maliki’s tenure. Nouri said the war-torn country’s oil income alone amounted to $800bn between 2006-14. He added the Maliki administration also received aid amounting to $250bn from several countries including the US in these years. The CoI has been tasked with investigating corruption scandals in Iraq.