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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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    When Extremists Become Bad Bank Managers

    Rocky
    Rocky
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    Posts : 274072
    Join date : 2012-12-21

    When Extremists Become Bad Bank Managers Empty When Extremists Become Bad Bank Managers

    Post by Rocky Sun Sep 07, 2014 4:12 pm

    When Extremists Become Bad Bank Managers


    Sunday, 07 September, 2014



    Up until now, locals in Mosul, the northern city under the control of Sunni Muslim extremists, have not been able to withdraw their money from their bank accounts. That changed last week. However every withdrawal comes with conditions, including a three-person committee that asks where the money came from and a compulsory tax for funding the Islamist’s Caliphate.
    Locals in the northern Iraqi city of Mosul have been allowed to enter neighbourhood banks for the first time since Sunni Muslim extremists took over the city. Before this fighters from the group now known as the Islamic State, or IS, have been guarding the banks and not allowing anybody inside.
    A day after the official IS radio station in Mosul, Al Bayan, broadcast the message about the banks being re-opened, there was a long queue outside Branch 112 of the Rafidain Bank.
    “The instructions that the IS group gave were shocking to anyone who has a bank account,” one of Branch 112’s employees whispered to a cement merchant, Abdullah al-Jibouri, who had come into the bank.
    To withdraw money the holder of any bank account has to submit a statement to a three-person committee, all of whom are members of the IS group. The members of the group are allegedly experts in finance.
    The committee would also check that the accounts did not belong to, or was connected to, any government institution. Nor could it be in the name of any wanted individuals that the IS group was seeking, or in the name of any Christians, Yazidis, Shiite Muslims or Sunni Muslims that the IS fighters considered an enemy – for example, members of the security forces or local politicians.
    If all of these conditions are fulfilled and the account holder gets the committee’s approval, then money may be withdrawn.

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