Yeni Şafak – Barzani’s Illegal Wealth Estimated at $55bn

File photo, Erbil, Capital of Iraqi Kurdistan (David Stanley/CC BY 2.0)

A former senior official within the Kurdistan Regional Government has alleged that Masoud Barzani has amassed an estimated $55 billion through illegal activities with his family. The source alleges that Barzani gained wealth from oil fields, the Khabur border crossing, Korek Telecom, and oil and natural gas trading. Investments in various countries, including Turkey, UAE, Cyprus, and the UK, were allegedly directed to the Barzani clan or affiliated companies, with profits consolidated in his personal accounts.