The biggest bank heist in history (and why you've never heard of it)
Synopsis
800 billion Iraqi dinars, or about 600 million dollars, were stolen from Iraq's tax authority in what is described as the biggest bank heist in history.
Synopsis
Hussein Kanbar received a life-changing call from Iraq's Finance Minister in August 2022. He learned of a theft involving 800 billion Iraqi dinars, roughly 600 million dollars, from the tax authority. Kanbar, who fled Iraq in 1992, returned to Baghdad to assist in the investigation. Alongside a lawyer, he analyzed bank statements and discovered 3.7 trillion Iraqi dinars missing. The investigation revealed that powerful individuals executed this theft as an Inside Job, exploiting bureaucratic loopholes in a country rife with dysfunction.
Deep Dive
Why Watch
- Follow Nicholas Pelham as he reveals a massive financial crime.
- See how 800 billion dinars went missing from Iraq's tax authority.
- Meet Hussein Kanbar, who played a key role in the investigation.
Did You Know
- Hussein Kanbar fled Iraq in 1992 after being detained by Saddam Hussein's forces.
- The missing funds amount to 800 billion Iraqi dinars, roughly 600 million dollars.
- 247 checks were written in one year to just five companies involved in the heist.
- Three of the companies receiving funds were registered just before the transfers began.
Perfect For
Frequently Asked Questions
How much money was stolen in the biggest bank heist in history?
Approximately 800 billion Iraqi dinars, which is about 600 million dollars, was stolen.
Who was contacted by the Finance Minister of Iraq regarding the stolen money?
Hussein Kanbar was contacted by the Finance Minister of Iraq about the stolen funds.
How many checks were written to the companies involved in the heist?
A total of 247 checks were written in the space of a single year to just five companies.
What are people saying?
Play More Like This
Where else to watch
Related Films
Is this your film?
If you made this film or hold the rights to it, we'd like to talk. We can license it and pay you a share of what it earns.
Comments