Iraqi Oil Executive Jailed and Ordered to Repay $37m
A former director-general of the state-run Oil Products Distribution Company in Iraq received an eight-year prison sentence. The court ordered the executive to repay 55 billion IQD, which equals 37 million USD. The conviction followed findings that the individual illegally benefited from contracts and agreements. These deals involved the North Refineries Company. The Federal Commission of Integrity provided the details of the case.
By John Lee. A former director-general of Iraq's state-run Oil Products Distribution Company (OPDC) has been sentenced to eight years in prison and ordered to repay IQD 55 billion (USD 37 million) after being convicted for illicitly benefiting from contracts and agreements involving the North Refineries Company (NRC). According to the Federal Commission of Integrity, […] The post Iraqi Oil Executive Jailed and Ordered to Repay $37m first appeared on Iraq Business News .