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Former Bank Official Arrested in Basra for Embezzling Quarter Trillion Iraqi Dinars


Basra: The Federal Commission of Integrity announced today the arrest of a former manager of a government agricultural bank branch in Maysan province on charges of embezzlement and causing substantial damage to public funds, estimated at nearly 250 billion Iraqi dinars.



According to National Iraqi News Agency, the operation was carried out under judicial warrants and in coordination with law enforcement agencies. The fugitive, Ibtisam Kamel Nasser, who previously served as the branch manager of the Agricultural Bank, was tracked down after an extensive investigation and intelligence gathering.



The statement added that the investigative team from the Maysan office, with support from the Falcons Intelligence Cell, executed the arrest warrant in the district of Al-Zubair in Basra. A formal report of the arrest was prepared, and the accused was referred to the competent courts in Maysan.



The Commission noted that the defendant had previously been convicted in absentia in multiple cases, with the court finding sufficient evidence to sentence her under Article 316 of the Penal Code. The total prison term handed down amounted to 37 years, in addition to a court ruling ordering her to return over 211 billion dinars to the state treasury.



Furthermore, the Commission revealed that ten additional cases against the defendant are still under investigation.