The Integrity Commission reveals fraud and embezzlement in the Rasheed Bank amounting to billions of dinars



11/04/2017 01:19 | Number of readings: 281


Trend Press / Baghdad



The Integrity Commission revealed on Tuesday that it had detected fraud and embezzlement in the accounts of the commercial branch of the Rasheed Bank, pointing out that the sums that were manipulated and embezzled amounted to billions of dinars.



"In cooperation with the Office of the Inspector-General of the Ministry of Finance and the Internal Control Department of the Bank, a supervisory team has been set up to audit the accounts of the branch for previous years," the agency said in a statement. "The supervisory team found fraud and embezzlement For amounts in excess of 18 billion and five hundred million dinars. "


"The procedures of the control team led to the detection of manipulations were conducted through the organization of mock forms drawn at the expense of the internal branches of the bank by the director of the branch accused" SS "and his accountant accused" QAA ".



The Commission noted that "the competent investigating judge, after reviewing the report of the Commission, decided to prevent the travel of the accused and issue an arrest warrant against her, where she was arrested pending investigation."



On October 6, 2016, an investigative court specializing in integrity issues in Baghdad announced the arrest of an employee accused of embezzling more than 600 million dinars, confirming that the procedure was coordinated with the Inspector General of the Ministry of Finance.

Link