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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    A financial control official reveals a new destination for Iraqi politicians' money abroad

    Rocky
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     A financial control official reveals a new destination for Iraqi politicians' money abroad  Empty A financial control official reveals a new destination for Iraqi politicians' money abroad

    Post by Rocky Sat 23 Jun 2018, 6:38 am

    A financial control official reveals a new destination for Iraqi politicians' money abroad

    Saturday, June 23,


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    An official in the Office of Financial Supervision, the new destination of funds of Iraqi politicians abroad, pointing out that the transfer of these funds were made through exchange companies inside Iraq .

    "While Lebanese and UAE banks have been a suitable haven for many of the corrupt funds generated by deals inside Iraq, involving officials and politicians, at least $ 140 million has been deposited in private Egyptian banks during the period," the official said, asking not to be named. Less than a year. 
    The official added that "these transfers were through exchange companies inside Iraq, the highest rate between Iraq and Egypt since the payment of Baghdad wages of Egyptian workers within the so-called yellow remittances," pointing out that "Egyptian banks granted large facilities to Iraqis, including non-requirement The existence of permanent residence to open a bank account, as well as the adoption of amounts coming from Iraq through the private companies in favor of banks, which was not supported by the former.

    He said that "Egyptian banks may be a rival to the UAE and Lebanese, which is known as a preferred place for Iraqi businessmen and politicians alike, which are usually surrounded by suspicion of corruption and money laundering."

    The banking relations between Cairo and Baghdad witnessed remarkable developments during the recent period, where the Chairman of the Board of Rafidain Bank Khawla Asadi earlier that the bank is a comprehensive economic and banking study, at the moment, in coordination with the Central Bank of Egypt, after a recent meeting between the leaders of both sides, To resume work in Egypt branch of the Rafidain Bank located in the Dokki district of Giza.




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