Iraq imposes guardianship on the bank "Mall of Hezbollah and the Iranian Quds Force"

Iraq imposes guardianship on the bank "Mall of Hezbollah and the Iranian Quds Force"



Twilight News

Monday, 21 May 2018

The Central Bank of Iraq has assumed the custody of the Islamic Bank of the country listed on the list of US sanctions and owned by businessman and politician Aras Habib.

According to a book issued by the Central Bank, the Board of Directors of the Bank decided to impose the guardianship of the Bank of the Islamic Bank in accordance with the Banking Law No. (94) of 2004, and the appointment of Ahmed Yousef Kazim guardian of the bank, and chairs the Trusteeship Committee formed of four economic figures.

The decision came days after the Central Bank of Iraq imposed sanctions against the Islamic Bank of the country, after being included on the list of sanctions by the US Treasury, on charges of contributing to the transfer of funds from the Iranian Revolutionary Guard "Corps of Jerusalem" to the Lebanese Hezbollah.

The bank announced a few days ago imposed sanctions on the Bank of the country to prevent him from entering the window of sale and purchase of foreign currency, and the custody of all accounts and the accounts of its Chairman Aras Habib Karim candidate in the alliance Haider Abadi.

The US Treasury Department has announced the inclusion of three individuals on the list of persons and companies banned by the United States, including the Iraqi National Congress and the head of the Islamic Bank of Iraq, Aras Habib Karim, because of his ability to exploit the Iranian Revolutionary Guard and the Quds Force to transfer funds from Tehran to Hezbollah, only Karim denied that information.

The board of directors of Al Bilad Islamic Bank, the secretary-general of the Iraqi National Congress and one of the allies of Prime Minister Haider al-Abadi in the coalition of "victory" Aras Habib Karim, who won a parliamentary seat after obtaining the necessary votes eligible for the seat of parliament.

http://www.shafaaq.com/ar/Ar_NewsReader/c9070afd-8a6d-4024-bc53-368e52a0b940