CoI announced the recovering of illegally transferred 116 Million USD, from Iraqi money, registered under one of the former regime members by cooperating with the American embassy in Baghdad. 106 Million USD were deposited in the French Arab Union Bank in France and about 10 Million in foreign currencies deposited in various banks in France.
The recovered money will be deposit, within two months, in the DFI – Ministry of Finance according to UN resolution no. 1482/2003. It is worth mentioning that CoI works hardly to track down the Iraqi money abroad. CoI was able to recover illegally transferred 100 Million USD registered under one of the former regime members.
