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Iraq recovers 375kg of gold in corruption raids — worth $50 million

Iraqi authorities said they recovered 375 kilograms of gold linked to investigations into detained deputy oil minister Adnan Al Jumaili, as part of a wider anti-corruption crackdown. The gold haul is valued at about $50 million, officials said.

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Jonnie Smith

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Iraq recovers 375kg of gold in corruption raids — worth $50 million

Iraq’s Supreme Judicial Council announced that 375 kilograms of gold were recovered in connection with the case involving Adnan Al Jumaili, a deputy oil minister who was arrested on corruption charges.

The judicial council said the gold was recovered during inquiries overseen by senior judges, in coordination with the Kurdistan Region. It added that additional gold was seized in a separate investigation, bringing the total to 375 kilograms. Authorities said the recovered gold was handed over to the Central Bank of Iraq as part of completing the inquiries related to Al Jumaili’s case.

Investigators have also reported finding large cash stashes hidden in unusual locations during raids that followed Al Jumaili’s arrest, including cash concealed in household areas. Iraqi officials said the broader campaign is targeting networks accused of embezzlement and kickbacks tied to oil refinery contracts.

The case is part of a wider anti-corruption drive launched after Prime Minister Ali Al Zaidi took office in May. The report also noted that some suspects could face reduced punishment under an amended amnesty law, depending on whether they return outstanding funds.

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