Security authorities in Iraq raided the headquarters of a businessman in the capital, Baghdad, on charges of defrauding citizens and embezzling 15 billion dinars.

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According to a local newspaper, a security source mentioned that the Directorate of Organized Crime Control raided the businessman’s headquarters in Baghdad, revealing that he was running a commercial company engaged in financial operations without official approvals.

The security source added that a security force obtained judicial permission to inspect the accused’s company, where they seized more than 50 records with the names of investors in the fictitious company and significant sums of money.

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The security force recorded statements from the female employees at the company as witnesses at the request of the investigating judge, and they confessed that the businessman had collected 15 billion Iraqi dinars from citizens.

The security source pointed out that the accused used this amount to purchase a beauty center, a restaurant, a teaching institute, a wholesale store, and grocery stores, and the security force seized all the evidence related to the crime after the accused fled.