Integrity: Recover 14 billion dinars for the Rafidain Bank

August 31, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) - Integrity Commission confirmed the recovery of 14 billion dinars to calculate the Rafidain Bank.

The authority said that "the investigative procedures of the Commission resulted in the recovery of large sums of money to the state's Rafidain bank account, and that the total amounts that have been retrieved amounted to more than 14 billion dinars."

She added that "the issue through the Two Rivers / Branch Bank President open current accounts for three clients by certificate definition of a branch clients."

She said, "customers have the liberalization of instruments for other customers in the community banks without the balance covers Akiem those amounts," pointing to "the feet of the employee responsible for the calculator instruments clearing e-Rafidain / Branch President bank not to make updates to the system (the receipt of instruments) of banks withdrawals and other client accounts in the branch with a view to clearing the passage of time, so that the branch Depositary (instrument) to withdraw the amount. "

She stressed that "Ajraataatna investigative and direct coordination with the Office of the Inspector General in the Ministry of Finance Bmhoreha, the first containing the follow-up to recover the amounts juggler dispensed, and the second to complete the investigative procedures and to instruct the Rafidain Bank to move the criminal case before the Court of achieving integrity against an employee branch which cut off from work and customers drawers and beneficiaries brought to retrieve most of the amounts dispensed juggler. "

She pointed out that "further action is still continuing the process of recovery of more than 11 billion dinars from banks natives did not take into account in their dealings Article 16 of the Money Laundering Act No. 93 of 2004 which requires the customer to provide a statement in writing of the owner of the amount, if the customer is not the owner, and if the cash deal over a million dinars. "