revealed the Office of the Inspector General of the Ministry of Finance, Thursday, letters of guarantee "forged" large amounts in one of the branches of Iraq, noting that it has led to significant damage for public money more than 30 billion dinars. 

The Office said in a statement received by Alsumaria News a copy of it that "through the work of inspection and audit and ongoing investigation in the Office of the Inspector General of the Ministry of Finance was able to detect the fraud of letters of guarantee in one of the branches of Rafidain Bank," noting that "the existence of letters not meet the conditions of banking and non- Payment of insurance amounts and letters of guarantee bearing similar and canceled series for unknown reasons. "




He added that "the absence of a special record of letters of guarantee has facilitated the manipulation and forgery," pointing out that "the existence of letters of guarantee exceeds the credit ceiling allocated to customers and the concerns of the relevant entities notices to fill the shortage in balances, led to significant damage to public funds more than 30 Billion dinars. " 

The office added that it "took the fundamentalist measures against the violators and referred them to the judiciary through the Integrity Commission and imposed the penalty of isolation against the manipulators in accordance with the provisions of Article 8 / VIII / A of the law of discipline of state employees and the public sector, and referral of the preliminary investigation case to the Central Inclusion Committee, The right of the authorized directors of the companies benefiting from the letters of guarantee and the order to issue them. "