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Judicial Council: Recovering large sums of money in cases of financial and administrative corruption
money and business
Economy News - Baghdad
The Presidency of the Baghdad Court of Appeal, Al-Karkh, announced, on Thursday, the recovery of large sums of money, in implementation of the directives of the Supreme Judicial Council, regarding the need to recover sums related to financial and administrative corruption cases.
The media center of the Supreme Judicial Council said in a statement received by "Al-Iqtisad News", that
"the Karkh Investigation Court, which is specialized in cases of integrity and money laundering, was able to recover large sums that were returned to the state treasury, including (12 billion and 793 million and 817 thousand and 804 dinars in the case of wallet violations." investment retirement. He added that
"a financial settlement was made to an insurance company to pay an amount of (18 million dinars) as compensation to the Rafidain Bank, paid on behalf of the deceased borrowers and those who borrowed from the aforementioned bank," explaining that
"an amount of (800 million dinars) was recovered out of the amount (One billion and 76 million dinars), which is the amount of inflation in the funds of one of the directors of the National Retirement Authority." He pointed out that
"an amount of (15 billion Iraqi dinars) has been recovered out of an amount of (69 billion dinars) from one of the lagging banks," noting that
"the settlement procedures are continuing to pay the rest of the amount during the coming period,
pointing to the recovery of an amount of (160 million Iraqi dinars) from one of the accused for the crime of forging retirement identities and receiving sums accordingly." And he indicated that,
"Based on the directives of the Supreme Judicial Council, the competent court applied the procedures for managing the seized funds in money laundering and illegal gain cases by appointing judicial guards to receive the proceeds of the seized properties in preparation for their confiscation in favor of the state treasury, as the value of the amounts collected during the last period amounted to (100 thousand dollars), while An amount of (40 million dinars) will be returned later as revenue to the state treasury after confiscating it.
Views 46 Added 07/27/2023 - 2:01 PM
https://economy-news.net/content.php?id=35377
money and business
Economy News - Baghdad
The Presidency of the Baghdad Court of Appeal, Al-Karkh, announced, on Thursday, the recovery of large sums of money, in implementation of the directives of the Supreme Judicial Council, regarding the need to recover sums related to financial and administrative corruption cases.
The media center of the Supreme Judicial Council said in a statement received by "Al-Iqtisad News", that
"the Karkh Investigation Court, which is specialized in cases of integrity and money laundering, was able to recover large sums that were returned to the state treasury, including (12 billion and 793 million and 817 thousand and 804 dinars in the case of wallet violations." investment retirement. He added that
"a financial settlement was made to an insurance company to pay an amount of (18 million dinars) as compensation to the Rafidain Bank, paid on behalf of the deceased borrowers and those who borrowed from the aforementioned bank," explaining that
"an amount of (800 million dinars) was recovered out of the amount (One billion and 76 million dinars), which is the amount of inflation in the funds of one of the directors of the National Retirement Authority." He pointed out that
"an amount of (15 billion Iraqi dinars) has been recovered out of an amount of (69 billion dinars) from one of the lagging banks," noting that
"the settlement procedures are continuing to pay the rest of the amount during the coming period,
pointing to the recovery of an amount of (160 million Iraqi dinars) from one of the accused for the crime of forging retirement identities and receiving sums accordingly." And he indicated that,
"Based on the directives of the Supreme Judicial Council, the competent court applied the procedures for managing the seized funds in money laundering and illegal gain cases by appointing judicial guards to receive the proceeds of the seized properties in preparation for their confiscation in favor of the state treasury, as the value of the amounts collected during the last period amounted to (100 thousand dollars), while An amount of (40 million dinars) will be returned later as revenue to the state treasury after confiscating it.
Views 46 Added 07/27/2023 - 2:01 PM
https://economy-news.net/content.php?id=35377
