Judiciary is investigating establishment of a State-owned banks to grant loan 9/15
The judiciary is investigating the establishment of a State-owned banks to grant loans of millions of dollars with no guarantees
Specialized court revealed claims of integrity, money laundering and economic crime in Baghdad for granting one official banks millions of dollars in loans to companies without collateral, pointing out that it has been opened proceedings against staff accomplices in this crime. He said an investigative judge of money laundering and economic crime Iyad Muhsin ligature in a statement to (the media center for the judiciary Alathadah- JAMC) told N. news reporting that the court "has received news about the granting of one of the important official banks millions of dollars in loans to companies without collateral." Ligature and he continued that "has been dealing with news seriously; it affects the economic, financial and banking system in Iraq, showing that most of the information contained therein is correct." Ligature does not rule out that "involve amounts on money laundering crimes, and may have been smuggled out of Iraq has not been the implementation of any project that has been agreed upon under the loan binders"