KRG Finance Ministry to auction 60 properties of Chavi Company in Sulaymaniyah

SULAYMANIYAH — The Kurdistan Regional Government’s Ministry of Finance and Economy announced it will auction off 60 properties belonging to Chavi Company on Sunday, Oct. 5, 2025.

Chavi is linked to New Generation leader Shaswar Abdulwahid, who is currently in prison in a defamation case brought by former lawmaker Shadia Nawzad.

In a statement, the ministry’s General Directorate of Commercial Banks said the auction will take place in Sulaymaniyah. The properties will be sold to repay debts owed to the ministry’s banks amounting to 91,760,660,350 dinars (about $65.7 million).

The assets, which include plots of land, hotels, cafeterias, tourist cabins and other properties, had previously been placed under seizure.

The statement added that the Ministry of Finance and Economy will participate in the auction process. It said that any individuals or parties interested in taking part need to obtain information and complete the necessary legal and administrative procedures.

Previously, the ministry announced that: “Following repeated notifications to repay its debts and the failure of the concerned party to comply, our ministry exercises its legal right to sell all seized properties through public auction.”

Shaswar Abdulwahid, who also founded NRT television, was arrested Aug. 12 at his home in Sulaymaniyah’s German Village neighborhood under a court-issued warrant. Earlier this month, a Sulaymaniyah court sentenced him to five months in prison.