A dawn raid inside Baghdad's heavily fortified Green Zone delivered one of Iraq's most dramatic anti-corruption crackdowns in years, but many Iraqis remain unconvinced that some of the country's most powerful figures will ever face justice.

Tanks, armoured vehicles and counter terrorism units rolled into Baghdad Residence, a neighbourhood near the US Embassy inside the Green Zone early on 28 June, following an investigation by Iraq's new government into funds allegedly obtained through irregularities in state projects.

During the raids, which resulted in the arrests of at least 47 people, heavily armed troops could be seen raiding the homes and offices of politicians, members of parliament and other senior officials, resulting in the seizure of millions of dollars in cash, gold bars and even gold-made women's lingerie.

The raids quickly dominated Iraqi television and social media, with footage of the operations drawing comparisons to scenes more familiar from Hollywood action films.

For many Iraqis, it was an unprecedented display of force against a political class long accused of enriching itself at the state's expense.