rafidainscope - The Federal Integrity Commission successfully halted a scheme involving the severe undervaluation of state-owned real estate, preventing the potential loss of an estimated 34 billion dinars in public funds. Investigation teams revealed that initial appraisal figures for a
prime 136-dunam parcel of land were set significantly below prevailing market rates for comparable properties in the area. Following the findings, the competent investigating judge ordered an immediate suspension of the public auction procedures and referred the case file for
external financial audit and revaluation.
