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Term unique to the deployment of corruption banks and front companies
11/16/15
Baghdad / term
Rafidain Bank Huda about 1.5 trillion dinars to facilitate its participation in the currency auction
Transfers between the two banks has within 4 months through the payments system
According to documents published by the (term) as of Tuesday, new episodes of corruption in which the Bank Huda involvement through the facilities obtained from the Rafidain Bank to participate in the auction currency which is managed by the central bank.
The (long) has begun since last week's publication of the files which he intended to Iraqi National Congress leader Ahmed Chalabi published about financial corruption that caused the exit of billions of dollars from the country through corrupt banks and companies.
And it demanded a parliamentary committees to conduct an extensive investigation of the documents published by the (range), warning of the danger of delay it. Committees and estimated the size of money laundering in Iraq with 200 billion dollars since 2006.
He accused the central bank, according to a book by the judiciary, Huda Bank evasion of its balance sheet in Jordan's Housing Bank, which received billions of dollars in remittances in favor of a number of phantom and is of unregistered companies.
He said the central bank, in his note, he monitored the Rafidain Bank to convert about 1.5 trillion dinars to Huda Bank within 4 months in order to facilitate its participation in the auction currency.
Central Bank complain of the lack of cooperation with the Tax Authority, in the detection of Huda Bank, which last reticent on the source and destination of their money remittances and goods they intend to buy the dollar remittances to meet customers accounting.
And confirms the central bank in his note to the judiciary that "we can not get a clear explanation about the sources of these funds converted the point", noting that some of the bank deposit slips (Huda) with the Rafidain Bank do not include the full name of the beneficiary.
Central and asserts that "the transaction does not have a clear business purpose and the lack of information and clarification reasonable by the Rafidain and guidance."
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