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[size=38]The Agricultural Bank Clarifies The Reality Of “Great Corruption” In The Agricultural Initiative
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LAST UPDATE 01/19/2022 | 10:30 AM
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[You must be registered and logged in to see this link.]Farming
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The Information/Baghdad...
The Agricultural Bank denied, on Wednesday, recent statements regarding the existence of great corruption and fake loans regarding the agricultural initiative.
The bank said in a statement, which was seen by / the information /, that "the Agricultural Bank, which is currently working in a department mandated by the Ministry of Finance and under the supervision of a committee from the Central Bank of Iraq, the recent statements regarding the existence of major corruption and fake loans regarding the agricultural initiative."
The statement added that "the initiative stopped working in 2017, and loans of 100 million dinars and above were exclusively within the powers of the Lending Committee in the Ministry of Agriculture."
He explained that "all transactions were promoted by the agricultural divisions of the Ministry of Agriculture, and prepared before they reach the branches of the Agricultural Bank, and in the course of work, an employee of the agricultural divisions of the Ministry of Agriculture participates in the detection committees of the bank, and the agricultural divisions monitor the implementation of projects granted through follow-up committees its own, while the agricultural directorates follow up on the implementation of major projects, as well as the follow-up committees in the Advisory Board / Higher Committee for the Agricultural Initiative, which monitor and follow up on the granted projects as well, which means that the Agricultural Bank served as the financial fund for the initiative). finished/25
The Agricultural Bank denied, on Wednesday, recent statements regarding the existence of great corruption and fake loans regarding the agricultural initiative.
The bank said in a statement, which was seen by / the information /, that "the Agricultural Bank, which is currently working in a department mandated by the Ministry of Finance and under the supervision of a committee from the Central Bank of Iraq, the recent statements regarding the existence of major corruption and fake loans regarding the agricultural initiative."
The statement added that "the initiative stopped working in 2017, and loans of 100 million dinars and above were exclusively within the powers of the Lending Committee in the Ministry of Agriculture."
He explained that "all transactions were promoted by the agricultural divisions of the Ministry of Agriculture, and prepared before they reach the branches of the Agricultural Bank, and in the course of work, an employee of the agricultural divisions of the Ministry of Agriculture participates in the detection committees of the bank, and the agricultural divisions monitor the implementation of projects granted through follow-up committees its own, while the agricultural directorates follow up on the implementation of major projects, as well as the follow-up committees in the Advisory Board / Higher Committee for the Agricultural Initiative, which monitor and follow up on the granted projects as well, which means that the Agricultural Bank served as the financial fund for the initiative). finished/25
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