Baghdad:The Iraqi Funds Recovery Fund has successfully retrieved $13 million of Iraqi funds that were previously frozen in French banks. These funds have been returned to the state treasury following judicial decisions.

According to Iraqi News Agency, the recovery operation was achieved through the Fund’s diligent efforts in coordination with both international and domestic authorities. Mohammed Ali al-Lami, Chairman of the Fund’s Board of Directors, highlighted that the recovered amount has been deposited into the accounts of the Iraqi Ministry of Finance after necessary procedures were completed with the Arab Swiss Bank.

Al-Lami emphasized that this recovery marks a significant achievement in the Fund’s ongoing efforts to reclaim Iraqi funds from abroad. He affirmed the Fund’s commitment to continued collaboration with relevant authorities to retrieve additional state funds and assets.

The Fund underscored that the success of the $13 million recovery is a testament to the effective follow-up efforts and strategic meetings conducted by its chairman, who also serves as Chairman of the Federal Integrity Commission. These meetings were part of a government delegation’s visit to France, led by Prime Minister Ali Faleh al-Zeidi, aimed at protecting and recovering Iraq’s financial rights held overseas.