Some $150 billion in oil revenues has been stolen and smuggled out of Iran since the fall of Saddam Hussain in 2003, the president of Iraq said, as quoted by media, at the introduction of a new law aimed at fighting corruption. “Of the close to a trillion dollars made from oil since 2003, an estimated $150 billion of stolen money has been smuggled out of Iraq,” President Barham Saleh said, as quoted by The New Arab, as he urged the Iraqi parliament to ” adopt this crucial piece of legislation, in order to curb this pervasive practice that has plagued our great nation”. The draft law that Saleh presented to parliament envisages close scrutiny on transactions of sums over $500,000 as well as bank accounts, with a special focus on accounts with $1 million or more in them. Unfortunately, the law may never pass parliament, The New Arab […]