Integrity: Control of loan transactions granted in violation of the controls in Rasheed Bank in Basra


The Directorate of Investigation of the Integrity Commission in Basra, on Sunday, to control the transactions of loans granted contrary to the controls in the Rasheed Bank in the province, explaining that these loans were granted without disclosure of projects for money.

In a statement received by Al-Mada, the agency said in a statement that it had carried out an operation under a judicial memorandum based on information that the loan department official at Al-Rasheed Bank - Al-Seef Branch - granted loans without the required disclosure of the projects for which loans were granted for receiving funds. Confirming that "the seizure of 75 transactions in the possession of the official loan department at the bank has been disbursed without disclosure."

She added that "the transfer to the residence of the official responsible for the Division in the presence of the bank manager, and seized 45 transactions of other loans have been disbursed in violation of the controls," asserting "the organization of a record of the seizure of assets included investigative papers and all seizures, to be presented to the eyes of the competent investigating judge, The investigation directorate in the province of Basra announces from time to time the implementation of several seizures in several departments that promote non-fundamental transactions in order to achieve special interests.

The Bank had announced earlier, the most important controls for grants These loans, including the validation of documents The director of the branch has full responsibility for studying the applications and making sure that the required conditions are met in the student of the loan. He stressed the necessity of conducting the on-site disclosure of the project in order to obtain correct details for the purpose of estimating the value of the assets in order to determine the amount of the loan granted.

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