Iraq loses $1bln through corruption in 2010

BAGHDAD. January 4. KAZINFORM Iraqi economy lost about $1 billion in 2010 due to high level of corruption among state officials, the country's chief corruption fighter said Monday; Kazinform refers to RIA Novosti.

"Confirmed damages from corruption in 2010 totaled 1.135 trillion dinar [about $1 bln]," the chairman of Iraq's anti-corruption commission told Al Sharqiya television.

A total of 709 high-ranking state officials, including nine ministers and 75 department chiefs were convicted of corruption last year.

In 2010, Iraq was listed by watchdog group Transparency International (TI) as the fourth most corrupt country in the world, after Afghanistan, Burma (Myanmar) and Somalia; Kazinform cites RIA Novosti.

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