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Charge in banking Central Bank Director practices sabotage to disrupt the Iraqi economy
Tuesday , November 25, 2014
Accused Iraqi economic sources Director General of the banking and credit of the
Central Bank Abdul Abbas Khalaf Sultan of blocking the growth of the national economy and take measures impede the work of banks and prevent the development and revitalization of the banking sector and taking real role in this area. The sources pointed in a statement to (writings) to the importance of the role that provided by the private banking sector in the national economy service as one of the motivating factors and supporting economic development through the provision of banking services to social segments all and that helps and provides vital for various projects in support of the housing, industry, education, tourism, services, trade and health sectors, which requires the support of the banking sector by the official authorities in forefront of the Central Bank of Iraq. She said, but he and vice versa that some Iraqi Central Bank's policies toward the Iraqi private banks, which stands behind Abdul Abbas Khalaf Sultan, Director General of the banking and credit prevent the development and revitalization of the banking sector and taking real role in this area. She explained that the Sultan has since he took to his duties Acting General Directorate of banking and credit impose a large number of fines, penalties and warnings for banks in the past is unparalleled in both the Central Bank of Iraq or his counterparts in the central banks in the world .. He also served on the move a number of criminal cases against a number of heads Boards of Directors and Commissioners in the banks of the claims relating to money laundering proved the Iraqi judiciary Kidatha and lack of authenticity. The sources revealed that the Sultan is also the prevention of a number of banks to exercise some banking activities that are already licensed their practice, including the banning from the auction window and prevention of issuance of letters of guarantee where no can prevent banks from engaging in licensed activities to follow them, but when you cancel vacationed .. In addition to his grave provocation to the heads of the boards of Directors and Commissioners through brought to the Directorate General of banking and credit books carried the summons formula or recruitment which is the validity of the judiciary exclusively. She noted that the practices Sultan is the other responsible is to overlook the many irregularities in some of the Iraqi private banks and branches of some foreign banks, which he agreed personally to grant licenses its work in Iraq to rival Iraqi banks owners of the land and the money was in this overlooked a serious abuse of office tasks .. said he sought and hard to create and fabricate crises between the Iraqi Central Bank of the private banking sector, which carry all gentlemen heads of the boards of Directors and Commissioners to submit their complaints of his actions to the relationship Governor of the Central Bank of Iraq personally. The sources confirmed that the Sultan sought to create a big gap between the Iraqi Central Bank and government departments through the pressure on them to do confiscated amounts of letters of guarantee for the projects are already under way and work, causing many of them stopped, which was reflected in the implementation of the overall economic plan.news
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Tuesday , November 25, 2014
Accused Iraqi economic sources Director General of the banking and credit of the
Central Bank Abdul Abbas Khalaf Sultan of blocking the growth of the national economy and take measures impede the work of banks and prevent the development and revitalization of the banking sector and taking real role in this area. The sources pointed in a statement to (writings) to the importance of the role that provided by the private banking sector in the national economy service as one of the motivating factors and supporting economic development through the provision of banking services to social segments all and that helps and provides vital for various projects in support of the housing, industry, education, tourism, services, trade and health sectors, which requires the support of the banking sector by the official authorities in forefront of the Central Bank of Iraq. She said, but he and vice versa that some Iraqi Central Bank's policies toward the Iraqi private banks, which stands behind Abdul Abbas Khalaf Sultan, Director General of the banking and credit prevent the development and revitalization of the banking sector and taking real role in this area. She explained that the Sultan has since he took to his duties Acting General Directorate of banking and credit impose a large number of fines, penalties and warnings for banks in the past is unparalleled in both the Central Bank of Iraq or his counterparts in the central banks in the world .. He also served on the move a number of criminal cases against a number of heads Boards of Directors and Commissioners in the banks of the claims relating to money laundering proved the Iraqi judiciary Kidatha and lack of authenticity. The sources revealed that the Sultan is also the prevention of a number of banks to exercise some banking activities that are already licensed their practice, including the banning from the auction window and prevention of issuance of letters of guarantee where no can prevent banks from engaging in licensed activities to follow them, but when you cancel vacationed .. In addition to his grave provocation to the heads of the boards of Directors and Commissioners through brought to the Directorate General of banking and credit books carried the summons formula or recruitment which is the validity of the judiciary exclusively. She noted that the practices Sultan is the other responsible is to overlook the many irregularities in some of the Iraqi private banks and branches of some foreign banks, which he agreed personally to grant licenses its work in Iraq to rival Iraqi banks owners of the land and the money was in this overlooked a serious abuse of office tasks .. said he sought and hard to create and fabricate crises between the Iraqi Central Bank of the private banking sector, which carry all gentlemen heads of the boards of Directors and Commissioners to submit their complaints of his actions to the relationship Governor of the Central Bank of Iraq personally. The sources confirmed that the Sultan sought to create a big gap between the Iraqi Central Bank and government departments through the pressure on them to do confiscated amounts of letters of guarantee for the projects are already under way and work, causing many of them stopped, which was reflected in the implementation of the overall economic plan.news
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