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Document .. The Central Bank of Iraq withdraws the license of an Islamic bank and appoints a trustee over it
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2023-03-25 02:21
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Shafaq News/ The Central Bank of Iraq decided to withdraw the license of the Iraqi Islamic "Al-Wad" Bank, due to its involvement in the theft of "Al-Qarn".
According to an official letter signed by Ammar Hamad Khalaf, Deputy Governor of the Central Bank, dated March 19, it was decided to take legal measures to withdraw the bank's license and appoint (Muhammad Jawad Karim) as the guardian of the bank.
At the end of the year 2022, the Central Bank of Iraq issued an order to stop the activities of Al-Wad Islamic Bank due to its involvement in the "theft of the century" case.
The "theft of the century" is represented by the disappearance of 3.7 trillion Iraqi dinars (about two and a half billion dollars) from tax secretariat funds, and it was revealed by several concerned parties about two months before the end of the term of the previous government headed by Mustafa Al-Kazemi.
Following the discovery of the theft, the Commission of Integrity and the Judicial Authority moved to investigate the case, and several judicial arrest warrants were issued. The first arrested was businessman Nour Zuhair, and he was imprisoned, in addition to others, along with judicial decisions to confiscate the movable and immovable funds of those involved in the theft as well as their families.
The case file is still open to the Iraqi judiciary to reach all its leads, as well as ways to recover the money that was smuggled out of Iraq, according to a number of deputies and politicians.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-03-25 02:21
Share
Font
Shafaq News/ The Central Bank of Iraq decided to withdraw the license of the Iraqi Islamic "Al-Wad" Bank, due to its involvement in the theft of "Al-Qarn".
According to an official letter signed by Ammar Hamad Khalaf, Deputy Governor of the Central Bank, dated March 19, it was decided to take legal measures to withdraw the bank's license and appoint (Muhammad Jawad Karim) as the guardian of the bank.
At the end of the year 2022, the Central Bank of Iraq issued an order to stop the activities of Al-Wad Islamic Bank due to its involvement in the "theft of the century" case.
The "theft of the century" is represented by the disappearance of 3.7 trillion Iraqi dinars (about two and a half billion dollars) from tax secretariat funds, and it was revealed by several concerned parties about two months before the end of the term of the previous government headed by Mustafa Al-Kazemi.
Following the discovery of the theft, the Commission of Integrity and the Judicial Authority moved to investigate the case, and several judicial arrest warrants were issued. The first arrested was businessman Nour Zuhair, and he was imprisoned, in addition to others, along with judicial decisions to confiscate the movable and immovable funds of those involved in the theft as well as their families.
The case file is still open to the Iraqi judiciary to reach all its leads, as well as ways to recover the money that was smuggled out of Iraq, according to a number of deputies and politicians.
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