confinement director of Ahli Bank and forcing it to pay a fine for themanipulation of the currency

News / Baghdad 
announced the Integrity Commission, Wednesday, for the issuance of a default judgment severe term of imprisonment of one year against the director of a private banks with forcing it to pay a fine and attributed it to the manipulation of currency auctions conducted by the procedures of the Central Bank of Iraq . 

The authority said in a statement seen by Alsumaria News, " The competent court issues of integrity and money laundering and economic crime misdemeanors ruled sentenced in absentia severe term of imprisonment of one year against the managing director of one of the private banks and forcing it to pay a fine; the manipulation of currency conducted by the Central Bank of Iraq auction procedures."

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She explained Investigation Department of the Integrity Commission, that "condemned (Z.kh.a) proceeded, within a period filled a civil liability management of banks, for violating the conditions of banks participate in the auction sale and purchase of foreign currency , which makes it imperative for participants to import goods in exchange for the purchased currency auction , "indicating that" the investigation has shown that the bank had not imported goods compared with the amounts bought by the central bank. " 

She pointed out that " the court, and as a result provided its evidence and proof , and after knowing the benefit the legal representative of the central bank , which did not ask for the complaint against the accused; for the bank to pay financial penalties arising from his trust, amounting to more than seventy million dinars, and reached a sufficient conviction to criminalize accused based on the provisions Article 19/4 of the money Laundering Act No. 93 of 2004. " 

She drew the Integrity Commission that " the decision of the sentencing of convicted fugitive ensure that in addition to severe confinement paragraph two paragraphs oblige the convicted to pay a fine of $ ten million dinars, and give the right hand of the affected establishment of a civil suit for compensation." 

The parliamentary Finance Committee revealed, in November 2016, for what she described as "obscene profits" generated through private banks sell the currency at the central bank window, noting that banks get half a billion dinars a day through the window.[/size]