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- Section: Iraq
Banks enter the auction of selling currency with fictitious names and forging invoices, an import anBaghdad / Obelisk: The Integrity Commission revealed, on Wednesday, details of criminal and intelligence cases related to the file of the currency auction that it is investigating, indicating that it received 4 intelligence, and opened 8 criminal cases in it.
The investigations department of the commission indicated that “(6) of these cases were referred to the trial court and other investigation courts, in addition to a case that was previously decided upon, and another that is still under investigation,” explaining that “among these cases are major corruption cases in the work of a bank Eligibility and indicators for cases of foreign currency smuggling outside Iraq through the bank's purchase of foreign currency for the benefit of companies claiming to import goods.
She added that "upon investigation and verification it was found that these companies had not introduced goods to Iraq since 2004," explaining that "the issues included fraud and some governmental and private banks entering the auction of selling the currency in the names of companies and private account holders without their knowledge, and providing invoices and a counterfeit import counterfeit, as well as For violating the Central Bank’s instructions when entering the auction in accordance with the provisions of Article (3) of the Money Laundering Law No. 93 of 2004 ”.
She added that "the incoming intelligence is related to the subject of" flying instruments "and the collusion of some banks with people by depositing instruments with no possession of them in order to participate in the currency auction for the purpose of profit and benefit from the price difference between the central bank and the local market, in addition to the issuance and treasury department in the bank The central bank purchased (10) coin counting machines called (universal machines) with a total amount of "15,000,000" million dollars, which were found to be of no benefit, as they destroy the banknotes, which causes a great loss of money, confirming that (3) of these intelligence It is under follow-up. "
It is noteworthy that the Integrity Commission announced that it had completed several criminal cases that it had investigated, which resulted in the imposition of fines amounting to more than "245,000,000,000" billion dinars on private banks, as a result of legal violations regarding permits for two years only, and in violation of the foreign currency auction instructions for 2012.
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