At a Glance:

• Former Finance Director Mahmoud Abdullah Farhan received three years of hard labor for major financial fraud.
• The court ordered the recovery of 1.17 billion IQD and $203,000 in illicit gains.
• High-value real estate registered under his spouse's name and two luxury vehicles were confiscated.
• Farhan will remain in custody beyond his term until all court-mandated financial penalties are fully settled.

Iraq’s Central Anti-Corruption Crimes Court sentenced Mahmoud Abdullah Farhan, the former Director of Finance at the Central Electricity Distribution Company, to three years of rigorous imprisonment following his arrest in June over a major financial fraud scheme. The ruling mandates the full recovery of over 1.17 billion IQD and $203,000, alongside the seizure of high-value real estate and luxury vehicles.

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Key Statements:

• Court Restitution Order:"The convict shall remain in custody past his three-year sentence until all court-ordered fines, restitution, and illegally acquired wealth are fully paid to the state." — Central Anti-Corruption Crimes Court Ruling.

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Sentencing and Financial Penalties

The court ordered Farhan to repay 1,170,450,000 IQD and $203,000, representing the verified total of his illicitly accumulated wealth. To satisfy the restitution demands, the judiciary authorized the confiscation of property shares registered under his spouse's name, including a residential building and an apartment in Baghdad’s Dawoudi and Karradat Mariam districts, valued at an estimated 1.1 billion IQD.

Vehicle Seizures and Legal Recourse

Additionally, the court mandated the immediate forfeiture of two luxury vehicles, a Range Rover and a Toyota Land Cruiser, together valued at $203,000, transferring custody directly to the Commission of Integrity. Under the terms of the ruling, Farhan will not be eligible for release upon completing his prison sentence until all financial obligations are cleared. The court also reserved the legal right for the Commission of Integrity to seek further civil damages once the verdict reaches final judgment.

FYI

By combining prison terms with extensive property seizures and conditional release terms, the Iraqi judiciary aims to send a clear message against public sector embezzlement. Target-driven asset recovery underscores a broader institutional push to dismantle entrenched financial corruption and reclaim stolen public funds within state utility sectors.

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