Authorities in Sulaimani sold nearly 60 properties from the Chavy Land tourism project at public auction on Sunday for more than 91 billion Iraqi dinars. The assets belonged to Chavy Company, which was controlled by Shaswar Abdulwahid, the leader of the New Generation Movement, who is currently serving a prison sentence in Sulaimani. A local investor named Akam purchased all the properties at the sale supervised by the Kurdistan Regional Government's Ministry of Justice.
The auction aimed to recover government debts exceeding 90 billion dinars owed by Abdulwahid and his company. Officials stated that the debt accumulated from delayed payments for electricity, water, and taxes, as well as government guarantees. Abdulwahid appeared in court on Sunday, but proceedings were postponed until Nov. 3. He received a six-month sentence in August 2025 for making threats against former Kurdistan Parliament lawmaker Shadi Nawzad.
The auction aimed to recover government debts exceeding 90 billion dinars owed by Abdulwahid and his company. Officials stated that the debt accumulated from delayed payments for electricity, water, and taxes, as well as government guarantees. Abdulwahid appeared in court on Sunday, but proceedings were postponed until Nov. 3. He received a six-month sentence in August 2025 for making threats against former Kurdistan Parliament lawmaker Shadi Nawzad.
