Iraq,corruption$150bn stolen oil cash smuggled out since 2003, says Iraq

Iraq’s president said Sunday $150 billion from oil had been smuggled out of the country since Saddam Hussein was ousted in 2003, as he introduced a law to fight endemic corruption.

President Barham Saleh presented a draft law to parliament to fight corruption, recover stolen funds and hold perpetrators to account, a statement read.

Transparency International ranks the country 21st from bottom in its Corruption Perceptions Index