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


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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Integrity: About a trillion dinars embezzled in a number of government banks

    Rocky
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    Integrity: About a trillion dinars embezzled in a number of government banks Empty Integrity: About a trillion dinars embezzled in a number of government banks

    Post by Rocky Thu 09 Jun 2022, 5:21 am

    [size=46]Integrity: About a trillion dinars embezzled in a number of government banks[/size]
    Iraq
    11:48 - 06-09-2022
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    The Federal Integrity Commission revealed the embezzlement of nearly a trillion Iraqi dinars from public money, noting that there had been "major embezzlement, fraud, manipulation and money laundering" in a number of branches of the Agricultural and Al-Rasheed Bank.

    And the investigation department of the authority said in a statement, that "the audit team formed by the department revealed a major embezzlement of public money through forgery, misrepresentation, manipulation, money laundering, abuse of positions, manipulation of banking restrictions and the introduction of reinforcements of fake balances on customer accounts," noting "the existence of an organized sabotage process." of the national economy by manipulating the work of government banking agencies, and creating a state of chaos and instability,” stressing “the need to address the issue from the highest levels quickly.”

    The department added, "The result of manipulation through transactions in the Agricultural Bank branch in Maysan and (4) of the Rashid Bank branches in Maysan and Baghdad amounted to (926,043,773,700) billion dinars," noting that "the team reviewed and audited the financial statements of the mentioned banks, and inventory The amount, obtaining evidence and documents, and identifying the 41 suspects involved in the bank’s branch employees and corporate and individual customers.

    And the department monitored, “there is a great neglect in the work of the General Administration of the Agricultural Bank through the lack of control over the bank’s branch in Maysan, to ensure the integrity of its procedures, which for a whole year were not able to display the data correctly,” noting “the absence of procedures and work of the supervisory bodies.” On the activities of the Agricultural Bank branch, despite the presence of more than one case and suspicion of corruption hovering around its work, the matter came to the General Administration to prepare and approve the final accounts, and to give correct and accurate results to those accounts and their outputs, and received profits and incentives, which calls for accountability after that, an accomplice in the crime ".

    The department explained, "The process of manipulation is carried out by the customer issuing a check from his current account that does not have a sufficient balance to cover the amount of the check, and the check holder who has a current account depositing the check in his account through a special clearing (telephone reservation)," indicating that “The procedures of the transaction take place through the phone reservation and the exchange of secret numbers that support the availability of a (fictitious) balance in the account of the issuer of the check and allowing the amount to be withdrawn.” 
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