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Investigation Continues into Syria’s “Missing Phosphate” File as Estimated Losses Exceed $150 Million
Syria’s Central Financial Oversory Agency continues to investigate the case of phosphate quantities reported missing during the former regime’s rule, as attention remains focused on the expected final findings that will determine the scale of the losses and identify those responsible.
Circulating estimates indicate that the value of the missing phosphate exceeds $150 million. However, more than a year after the official investigation was launched, no final figures or conclusive findings have been announced regarding the volume of the missing quantities or the parties responsible.
According to confidential sources cited by *Zaman al-Wasl*, a third investigative committee has been formed to follow up on the case and audit the missing quantities. Some observers believe that the formation of multiple committees is intended to review and verify the data more accurately and impartially. Others, however, fear that the succession of committees and bureaucratic procedures could prolong the investigation and delay the announcement of its findings.
The investigation includes a review of the role played by several entities and companies involved in the extraction, marketing, and export of phosphate, including Lebanon’s Yara Company. Media reports have previously referred to possible links between the company and Lebanese political figures, including a member of parliament. This, observers say, underscores the need for a transparent and independent review of the contracts and commercial transactions connected to the case.
So far, the relevant authorities have not issued final findings establishing responsibility or determining the exact value of the losses, while auditing and data-collection efforts remain ongoing.
