“Without prior notice”… 118 trillion dinars withdrawn to finance salaries and projects revealed
“Without prior notice”… 118 trillion dinars withdrawn to finance salaries and projects revealed
2026-08-08
Shafaq News – Baghdad
An informed source revealed on Saturday the amounts of money that were withdrawn from government banks during the previous government, indicating that they are estimated at trillions of dinars, which are high amounts that exceeded the legal limit allowed for each bank, especially government banks.
The source told Shafaq News Agency that the withdrawal process came in light of the financial crisis that the government faced at the time, but the size of the amounts withdrawn and the way in which the balances and reserves of government banks were dealt with raise serious questions about the legal basis and procedures followed in carrying out those operations, indicating that the funds were used to finance the salaries of state employees during the period of the financial crisis.
He added that using bank reserves and balances to finance government expenditures without official approvals is a violation of the applicable regulations and laws, and requires an official investigation by the competent regulatory authorities, and the determination of legal and administrative responsibilities for any violations that may have accompanied those procedures.
The source pointed out “the importance of subjecting the file to a comprehensive financial and legal audit, to reveal the amount of money that was withdrawn, the entities that benefited from it, the legal basis for the withdrawals, as well as identifying those responsible for making the relevant decisions.”
He explained that resolving this issue requires announcing the official results of the audit and investigation to the public, away from unsubstantiated estimates or accusations, and in a way that ensures the protection of public funds and enhances oversight of the management of government resources and assets.
In a related development, former MP Amir Al-Maamouri revealed earlier in televised statements shocking figures regarding the amount of money spent by departments and institutions, indicating that about 118 trillion dinars were withdrawn to implement projects or activities, without any documentation or paperwork to provide statements for settling the amount.
Al-Maamouri said that large sums of money were withdrawn from departments and institutions to implement projects or activities, but that these funds were not provided with any official documents or records that would allow for the financial settlements to be made for them, which raises questions about the fate of these funds, how they were spent, and who is responsible for spending them.
This comes at a time when the issue of state-owned banks’ funds raises additional questions about the extent to which liquidity withdrawals are related to the restructuring of state-owned banks, and whether the restructuring was used as a justification for withdrawing the liquidity of these banks, as well as questions about the mechanisms used to protect depositors’ funds and ensure that they are not touched during any financial or administrative operations related to the restructuring.
According to the information presented, the file calls for a comprehensive financial and legal audit to determine the amount of funds withdrawn, how they were spent, and the beneficiaries, as well as to disclose the relevant documents and evidence, and to determine the legality of the procedures followed in the withdrawal and settlement operations.
shafaq.com
