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Azri Bmedkq global demand to discuss the issue of Trade Bank of Iraq
On: Sunday 12/06/2011 7:19
Baghdad / term follow-up to the economic - and agencies
Asked for the President of the Board of Directors of the Trade Bank of Iraq, Hussein Azri Government appointed an independent auditor to investigate a global issue in the bank and contained information about the presence of fraud in business dealings, he denied the Iraqi National Congress leader Ahmed Chalabi
Charges against the Iraqi Trade Bank on corruption, money laundering, surprising lack of action on the same Iraqi banks have billions of dollars in violations.
Azri and expressed in a press statement about its readiness to cooperate fully with the relevant authorities to get to the facts in detail, noting that what was raised about the bank and about pro bono in the government information that is accurate and that he would Ptvenidha all legal and political means.
He said that these allegations are untrue and aim of political support the ambitions of some officials in the government, adding that he will defend his reputation and the reputation and standing of Trade Bank of Iraq and his staff, noting that the allegations were great damage to hit the bank because of its high reputation in the world.
He said that the Trade Bank of Iraq has established close relations with international banks in large (JP Morgan) and (Deutsche Bank) and (Standard Chartered), was also the conclusion of agreements with the largest credit agencies in the world achieved through higher earnings for Iraq.
The Prime Minister may Azri sacked from his post and appointed director Hamdiya dry him after accusations of financial irregularities and administrative work in the bank.
Denied to the Iraqi National Congress leader Ahmed Chalabi accusations against the Iraqi Trade Bank on corruption, money laundering, surprising lack of action on the same Iraqi banks have billions of dollars in violations.
Chalabi said, "Alsumaria News", "The charges against Bank of Iraq to trade just talk is not based on, noting that the Checker External Bank of firm PricewaterhouseCoopers Global, which is one of four companies in the world, gave the bank a full report in good work in it. "
He said Chalabi that the bank lent the government more than a billion and a half billion dollars, so what happened on it is unfortunate, because it will affect Iraq's reputation abroad as well as on the subject of investment, "adding that" everybody's interest now is to stop issuing the charges because they could easily contained.
The source said "Alsumaria News", the fourth of June, and that the Director of the Trade Bank of Iraq arrived in Beirut on the run from Iraq against the backdrop of accusations the bank's board of corruption by Prime Minister Nuri al-Maliki, stressing that the Director on the relationship politician Ahmed Chalabi, a has disappeared in Baghdad two days before her departure.
It has already been carried to the Integrity Committee the responsibility of parliamentary government flight director of Trade Bank of Iraq outside the country, stressing that the Commission had stressed on several occasions not to allow any official to travel only after approval.
It is noteworthy that Prime Minister Nuri al-Maliki announced in the second of this month that the Council of Ministers as directly responsible for the Trade Bank of Iraq, decided to form an investigative committee joint of the Integrity Commission and the Financial Inspection Office and the Ministry of Finance and experts, where she presented a report on irregularities in the Bank of Iraq trade indicating that the report referred to the judicial authorities responsible for its consideration.
The Chalabi that "there is a report to the Office of Financial Supervision issued in February of this year confirms that the General Company for Foodstuff Trading has a deficit at the end of 2010 of $ two billion and $ 240 million did not get measures similar to what happened at the World Iraqi trade, which does not have any problem of this kind. "
He said Chalabi "A Bank of Basra, which stopped payment, a borrower from the Bank of Two Rivers 380 billion dinars, and President of the Board of Directors of Bank of Basra in prison for a year why not get the achievement how he got this bank of 380 billion dinars, an amount equivalent to 15 times the capital of Bank of Iraq."
He asked Mr. Chalabi on how to "lend to one client the amount of such, why not open an investigation, as happened in the Iraqi Trade Bank," pointing to "the lack of justice and wisdom in dealing on the subject."
For his part, MP Kamal Saadi that "it is difficult to say that the process of the Trade Bank of Iraq had been subject to qualifying political or personal position between this or that party," asserting that "there are breaches on the use of bank money incorrectly."
Saadi said that "This case has been subject to investigations, the government has formed a committee from the Office of Financial Supervision and the Integrity Commission and the Secretariat of the Council of Ministers and others, and these parties have submitted a report to Prime Minister Nuri al-Maliki on the bank."
The Iraqi government confirmed in 13 of last February, its quest for accession to the WTO and ensure the protection of Iraqi funds abroad, with stressed the importance of working to build Iraqi economy is diverse and the application of economic policies advanced by encouraging investment, facilitate and regulate the trade and the rationalization of the state budget and pass a law oil and gas.
The talk about Iraq's accession to the WTO and the protection of its funds abroad is different from what exists on the ground, a link such as the decisions of independent bodies including the World Bank and the central Iraqi government rather than directly from the House of Representatives, and not the government's focus on supporting the private sector.
Despite the wide openness to the world experienced by Iraq since the change began in 2003 after decades of isolation, but the external economic relations are still experiencing stumbled clear for several reasons, foremost of which is economic recession.
Observers point out that the accession to the WTO represents a major objective of many of the local economies because of the advantages achieved by this accession of integration into the global economy, and provide great opportunities for investment, as well as finding markets for their products, but that this process is linked to the size and nature of the components of competitiveness, which is owned the national economy, to enter the global market partner and a competitor, which is not available for the Iraqi economy at this juncture.
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On: Sunday 12/06/2011 7:19
Baghdad / term follow-up to the economic - and agencies
Asked for the President of the Board of Directors of the Trade Bank of Iraq, Hussein Azri Government appointed an independent auditor to investigate a global issue in the bank and contained information about the presence of fraud in business dealings, he denied the Iraqi National Congress leader Ahmed Chalabi
Charges against the Iraqi Trade Bank on corruption, money laundering, surprising lack of action on the same Iraqi banks have billions of dollars in violations.
Azri and expressed in a press statement about its readiness to cooperate fully with the relevant authorities to get to the facts in detail, noting that what was raised about the bank and about pro bono in the government information that is accurate and that he would Ptvenidha all legal and political means.
He said that these allegations are untrue and aim of political support the ambitions of some officials in the government, adding that he will defend his reputation and the reputation and standing of Trade Bank of Iraq and his staff, noting that the allegations were great damage to hit the bank because of its high reputation in the world.
He said that the Trade Bank of Iraq has established close relations with international banks in large (JP Morgan) and (Deutsche Bank) and (Standard Chartered), was also the conclusion of agreements with the largest credit agencies in the world achieved through higher earnings for Iraq.
The Prime Minister may Azri sacked from his post and appointed director Hamdiya dry him after accusations of financial irregularities and administrative work in the bank.
Denied to the Iraqi National Congress leader Ahmed Chalabi accusations against the Iraqi Trade Bank on corruption, money laundering, surprising lack of action on the same Iraqi banks have billions of dollars in violations.
Chalabi said, "Alsumaria News", "The charges against Bank of Iraq to trade just talk is not based on, noting that the Checker External Bank of firm PricewaterhouseCoopers Global, which is one of four companies in the world, gave the bank a full report in good work in it. "
He said Chalabi that the bank lent the government more than a billion and a half billion dollars, so what happened on it is unfortunate, because it will affect Iraq's reputation abroad as well as on the subject of investment, "adding that" everybody's interest now is to stop issuing the charges because they could easily contained.
The source said "Alsumaria News", the fourth of June, and that the Director of the Trade Bank of Iraq arrived in Beirut on the run from Iraq against the backdrop of accusations the bank's board of corruption by Prime Minister Nuri al-Maliki, stressing that the Director on the relationship politician Ahmed Chalabi, a has disappeared in Baghdad two days before her departure.
It has already been carried to the Integrity Committee the responsibility of parliamentary government flight director of Trade Bank of Iraq outside the country, stressing that the Commission had stressed on several occasions not to allow any official to travel only after approval.
It is noteworthy that Prime Minister Nuri al-Maliki announced in the second of this month that the Council of Ministers as directly responsible for the Trade Bank of Iraq, decided to form an investigative committee joint of the Integrity Commission and the Financial Inspection Office and the Ministry of Finance and experts, where she presented a report on irregularities in the Bank of Iraq trade indicating that the report referred to the judicial authorities responsible for its consideration.
The Chalabi that "there is a report to the Office of Financial Supervision issued in February of this year confirms that the General Company for Foodstuff Trading has a deficit at the end of 2010 of $ two billion and $ 240 million did not get measures similar to what happened at the World Iraqi trade, which does not have any problem of this kind. "
He said Chalabi "A Bank of Basra, which stopped payment, a borrower from the Bank of Two Rivers 380 billion dinars, and President of the Board of Directors of Bank of Basra in prison for a year why not get the achievement how he got this bank of 380 billion dinars, an amount equivalent to 15 times the capital of Bank of Iraq."
He asked Mr. Chalabi on how to "lend to one client the amount of such, why not open an investigation, as happened in the Iraqi Trade Bank," pointing to "the lack of justice and wisdom in dealing on the subject."
For his part, MP Kamal Saadi that "it is difficult to say that the process of the Trade Bank of Iraq had been subject to qualifying political or personal position between this or that party," asserting that "there are breaches on the use of bank money incorrectly."
Saadi said that "This case has been subject to investigations, the government has formed a committee from the Office of Financial Supervision and the Integrity Commission and the Secretariat of the Council of Ministers and others, and these parties have submitted a report to Prime Minister Nuri al-Maliki on the bank."
The Iraqi government confirmed in 13 of last February, its quest for accession to the WTO and ensure the protection of Iraqi funds abroad, with stressed the importance of working to build Iraqi economy is diverse and the application of economic policies advanced by encouraging investment, facilitate and regulate the trade and the rationalization of the state budget and pass a law oil and gas.
The talk about Iraq's accession to the WTO and the protection of its funds abroad is different from what exists on the ground, a link such as the decisions of independent bodies including the World Bank and the central Iraqi government rather than directly from the House of Representatives, and not the government's focus on supporting the private sector.
Despite the wide openness to the world experienced by Iraq since the change began in 2003 after decades of isolation, but the external economic relations are still experiencing stumbled clear for several reasons, foremost of which is economic recession.
Observers point out that the accession to the WTO represents a major objective of many of the local economies because of the advantages achieved by this accession of integration into the global economy, and provide great opportunities for investment, as well as finding markets for their products, but that this process is linked to the size and nature of the components of competitiveness, which is owned the national economy, to enter the global market partner and a competitor, which is not available for the Iraqi economy at this juncture.
[You must be registered and logged in to see this link.]
