President of the Bank of Basra prison and the President of Warka fugitive because of suspicious loans
2010-05-28 2:47:47 AM
Informed sources revealed that a number of senior officials at the Bank of Iraq and the Agricultural Bank, government grant money in the form of loans valued at more than trillion dinars for investment to reap the financial benefits to community banks. The same sources confirmed that the loans were obtained from the Iraqi funds transferred out of the country, and was established by the Ahli Bank in the Jordanian capital Amman.
And a group of shareholders of a bank of Basra and Warka native, the director of Bank of Iraq - the main branch, gave loans to a bank manager Basra Ahli Hassan Ghalib Kubba, the amount of 354 billion dinars in the form of «loans for overdraft» opened the last of these amounts Bank (Capital) in the Jordanian capital, Amman, He is currently in jail pending further investigation of the Integrity Commission, there is also a similar case to the Director of Warka Bank, led to an asset freeze on native banks, and made shareholders fearful of losing their rights amid what they said «legislative clutter» do not do justice to one.
Chief Judge integrity Ugaili Rahim said that «the issue of Iraq banker and agricultural banks are to disclose accounts to community banks and exchange large amounts arrived at the (1000) billion dinars, without balance». This amount corresponds to about 800 million dollars.
He added that «the process of exchange is one of the revealed corruption, and The Ministry of Finance to achieve this effect, and referred to its minister, Bayan Jabor, a number of the managers of bank branches to integrity», adding that «Director of Bank of Iraq - the main branch and the bank manager seven palaces and several other bank managers as well as the Director of the Agricultural Bank, now being held for interrogation, and there are numbers of suspects are currently detained for their involvement in action to this issue ».
Shareholders did not hide the concern of losing money in the shares of banks native (Basra, Warka), or their money by government agencies, assuring that no sin in illegal acts by the directors of the banks. 75% The ratio of contributors to the Warka Bank for about 75% of the total value of shares amounting to 75 billion dinars.
The Bank of Basra, had stopped trading in the Iraqi market for securities two years ago for the »failure to reform the budget of the Bank», as he did not cash profits to shareholders five years ago, by the shareholders.
He said shareholders, the director of Warka Bank Saad structure has received a similar manner the amount of 375 billion dinars from government agencies (not call it), and pointed out that the amount of the bank under the tutelage of the Central Bank, has been issued against a bank manager who is now an arrest warrant out of the country.
The businessmen said that the Agricultural Bank was also granted loans to a number of people worth an estimated trillion dinars. The shareholders that the purpose of granting such money is traded for-profit and operate significant financial, commensurate with the amount of money granted as loans, and these amounts are primarily advanced to farmers.
For his part, said the President of the Integrity Commission in his interview for «world» that «the managers of branches of Bank of Iraq argued that the disbursement of funds to private banks an interest rate of 8%, and this is unacceptable to the whole, because the amounts are large at the level of government banks, and it was supposed, according to the instructions of exchange an amount not to exceed 100 billion dinars ».
Did not confirm the judge Ugaili or deny the information on the transfer of funds from banks outside Iraq in order to be invested to finance the bank my family in Jordan, just saying «that the issue was a big and difficult and sensitive, and the investigation is still underway around», but he stressed that «the amounts that have not yet been met, is 730 billion dinars, including 345 billion dinars for the Rafidain Bank and 385 billion dinars for the agricultural bank, presumably back to the two banks ». The President drew the integrity of Judge Ugaili that« most of the corruption and manipulation comes from the young staff ».
And confirms that the phenomenon of observers operating funds of government have become common, due to weak regulatory practices in the face of financial corruption in government departments. As the legislation stood helpless against such actions so.
The bank was established in 1941, Mesopotamia, and was the third largest Arab bank and the only one who has since 1958 a branch in London, and works in the bank's large cadre of staff.
And spread in recent phenomenon of misappropriation of government funds, and smuggled abroad, and the case is an employee of the Municipality of Baghdad «Accessories» is months, as it had transferred 12 billion and 500 million dinars from the funds of the Municipality of Baghdad to Lebanon and opened its name and Asmeadd of her relatives bank accounts there, but the integrity onshore issue arrest warrants and succeeded in getting back to the country and arrested, and in the recovery of misappropriated funds as well.
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2010-05-28 2:47:47 AM
Informed sources revealed that a number of senior officials at the Bank of Iraq and the Agricultural Bank, government grant money in the form of loans valued at more than trillion dinars for investment to reap the financial benefits to community banks. The same sources confirmed that the loans were obtained from the Iraqi funds transferred out of the country, and was established by the Ahli Bank in the Jordanian capital Amman.
And a group of shareholders of a bank of Basra and Warka native, the director of Bank of Iraq - the main branch, gave loans to a bank manager Basra Ahli Hassan Ghalib Kubba, the amount of 354 billion dinars in the form of «loans for overdraft» opened the last of these amounts Bank (Capital) in the Jordanian capital, Amman, He is currently in jail pending further investigation of the Integrity Commission, there is also a similar case to the Director of Warka Bank, led to an asset freeze on native banks, and made shareholders fearful of losing their rights amid what they said «legislative clutter» do not do justice to one.
Chief Judge integrity Ugaili Rahim said that «the issue of Iraq banker and agricultural banks are to disclose accounts to community banks and exchange large amounts arrived at the (1000) billion dinars, without balance». This amount corresponds to about 800 million dollars.
He added that «the process of exchange is one of the revealed corruption, and The Ministry of Finance to achieve this effect, and referred to its minister, Bayan Jabor, a number of the managers of bank branches to integrity», adding that «Director of Bank of Iraq - the main branch and the bank manager seven palaces and several other bank managers as well as the Director of the Agricultural Bank, now being held for interrogation, and there are numbers of suspects are currently detained for their involvement in action to this issue ».
Shareholders did not hide the concern of losing money in the shares of banks native (Basra, Warka), or their money by government agencies, assuring that no sin in illegal acts by the directors of the banks. 75% The ratio of contributors to the Warka Bank for about 75% of the total value of shares amounting to 75 billion dinars.
The Bank of Basra, had stopped trading in the Iraqi market for securities two years ago for the »failure to reform the budget of the Bank», as he did not cash profits to shareholders five years ago, by the shareholders.
He said shareholders, the director of Warka Bank Saad structure has received a similar manner the amount of 375 billion dinars from government agencies (not call it), and pointed out that the amount of the bank under the tutelage of the Central Bank, has been issued against a bank manager who is now an arrest warrant out of the country.
The businessmen said that the Agricultural Bank was also granted loans to a number of people worth an estimated trillion dinars. The shareholders that the purpose of granting such money is traded for-profit and operate significant financial, commensurate with the amount of money granted as loans, and these amounts are primarily advanced to farmers.
For his part, said the President of the Integrity Commission in his interview for «world» that «the managers of branches of Bank of Iraq argued that the disbursement of funds to private banks an interest rate of 8%, and this is unacceptable to the whole, because the amounts are large at the level of government banks, and it was supposed, according to the instructions of exchange an amount not to exceed 100 billion dinars ».
Did not confirm the judge Ugaili or deny the information on the transfer of funds from banks outside Iraq in order to be invested to finance the bank my family in Jordan, just saying «that the issue was a big and difficult and sensitive, and the investigation is still underway around», but he stressed that «the amounts that have not yet been met, is 730 billion dinars, including 345 billion dinars for the Rafidain Bank and 385 billion dinars for the agricultural bank, presumably back to the two banks ». The President drew the integrity of Judge Ugaili that« most of the corruption and manipulation comes from the young staff ».
And confirms that the phenomenon of observers operating funds of government have become common, due to weak regulatory practices in the face of financial corruption in government departments. As the legislation stood helpless against such actions so.
The bank was established in 1941, Mesopotamia, and was the third largest Arab bank and the only one who has since 1958 a branch in London, and works in the bank's large cadre of staff.
And spread in recent phenomenon of misappropriation of government funds, and smuggled abroad, and the case is an employee of the Municipality of Baghdad «Accessories» is months, as it had transferred 12 billion and 500 million dinars from the funds of the Municipality of Baghdad to Lebanon and opened its name and Asmeadd of her relatives bank accounts there, but the integrity onshore issue arrest warrants and succeeded in getting back to the country and arrested, and in the recovery of misappropriated funds as well.
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