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A Commission to uncover the circumstances of the theft of 500 billion dinars from Rafidain Bank
Friday 5 December, 2014-10: 32 am
The Central Bank announced the formation of a Commission to uncover the circumstances of the theft of 500 billion dinars from Rafidain Bank indicated that most of the stolen money was returned from the banks that transformed them, with the exception of some amounts to the two banks are being treated now.
The Central Bank said in a statement read by radio Marbad, "one female Rafidain Bank committed a number of abuses on the bank accounts in collusion with some clients taking advantage of the opportunity to accomplish more than a step in the action", pointing out that "this has diverted large sums of bank accounts to the accounts of customers of accomplices to a number of banks."
He had to learn of the incident as "a crisis cell of Rafidain Bank Manager the day after the Bank discovered this incident", stating that "the banks have been diverted funds to its customers to return them immediately to Rafidain Bank."
The statement said "all amounts except for certain amounts to the two banks currently are being treated in accordance with legal contexts and the Monetary Authority".
The Bank noted the commitment of some banks to offer guidance for due diligence and not to payments instruments made for some customers and his accomplices as manipulators have noted the lack of commitment from banks these directives ", noting that he is currently working on" assessment of such practices to take on legally. "
He explained that "the proposed investigative Commission of the integrity Commission and the Inspector General of the Ministry of finance and the economic crime Department of the Ministry of the Interior add to the CBI to investigate and uncover the circumstances and involved and ensure non-repetition".
The Bank said that a Committee of officials and representatives of a number of banks for "review and confirm compliance with instructions and unite working contexts", revealing that the "total number of instruments being manipulated more than 500 billion dinars were withdrawn only 11 billion dinars being returned to Rafidain by using legal means."
A police source had revealed in (21 November 2014), about the disappearance of a bank employee after embezzled 40 billion dinars out of 142 billion into banks, saying a national security alert to search for her after her arrest warrant.
As the Director of Rafidain Bank in the name of Kamal Al-Hasani on (November 27, 2014), that the Bank was able to compare the money stolen by the employee within 48 hours, with the reason attributed to the adoption of the new electronic system the Bank has used the staff to use it yet.
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Friday 5 December, 2014-10: 32 am
The Central Bank announced the formation of a Commission to uncover the circumstances of the theft of 500 billion dinars from Rafidain Bank indicated that most of the stolen money was returned from the banks that transformed them, with the exception of some amounts to the two banks are being treated now.
The Central Bank said in a statement read by radio Marbad, "one female Rafidain Bank committed a number of abuses on the bank accounts in collusion with some clients taking advantage of the opportunity to accomplish more than a step in the action", pointing out that "this has diverted large sums of bank accounts to the accounts of customers of accomplices to a number of banks."
He had to learn of the incident as "a crisis cell of Rafidain Bank Manager the day after the Bank discovered this incident", stating that "the banks have been diverted funds to its customers to return them immediately to Rafidain Bank."
The statement said "all amounts except for certain amounts to the two banks currently are being treated in accordance with legal contexts and the Monetary Authority".
The Bank noted the commitment of some banks to offer guidance for due diligence and not to payments instruments made for some customers and his accomplices as manipulators have noted the lack of commitment from banks these directives ", noting that he is currently working on" assessment of such practices to take on legally. "
He explained that "the proposed investigative Commission of the integrity Commission and the Inspector General of the Ministry of finance and the economic crime Department of the Ministry of the Interior add to the CBI to investigate and uncover the circumstances and involved and ensure non-repetition".
The Bank said that a Committee of officials and representatives of a number of banks for "review and confirm compliance with instructions and unite working contexts", revealing that the "total number of instruments being manipulated more than 500 billion dinars were withdrawn only 11 billion dinars being returned to Rafidain by using legal means."
A police source had revealed in (21 November 2014), about the disappearance of a bank employee after embezzled 40 billion dinars out of 142 billion into banks, saying a national security alert to search for her after her arrest warrant.
As the Director of Rafidain Bank in the name of Kamal Al-Hasani on (November 27, 2014), that the Bank was able to compare the money stolen by the employee within 48 hours, with the reason attributed to the adoption of the new electronic system the Bank has used the staff to use it yet.
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