An arrest warrant for the former head of the Trade Bank to disburse $ 60 million without adequate guarantees

An arrest warrant for the former head of the Trade Bank to disburse $ 60 million without adequate guarantees



12/17 2019 23:12:21
 
Shafaq News / The Integrity Commission announced on Wednesday the issuance of an arrest warrant against the former General Manager of the Iraqi Trade Bank, TBI, against the background of disbursing an amount of (60,000,000) million US dollars without adequate guarantees.

The Authority’s investigations department indicated, while talking about the details of the case that it investigated and referred to the judiciary, that the Najaf Criminal Court, which is competent in looking into integrity issues, issued an arrest warrant against him in accordance with the provisions of Article (340) of the Penal Code; Erbil By granting banking facilities to a company without adequate guarantees.

The department added that the banking facilities amounting to (60,000,000) million US dollars were granted with the approval of the bank’s general administration in Baghdad, for a company to establish a cement plant in Najaf without adequate guarantees.

It is noteworthy that in June 2016, the Authority had recovered nearly two million euros to the state treasury, due to violations committed by the bank in granting facilities to a private company to prepare meat and poultry.

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start by looking for him in iran with the rest of the crooks