Returning one billion dinars to the Iraqi state treasury, seized by a private bank

Shafaq News / The Supreme Anti-Corruption Commission announced on Tuesday that it had recovered one billion dinars to the state treasury, explaining that the recovered amount represents part of the total amount in the case of violations committed by one of the departments of the Ministry of Commerce that opened an account in a private bank, in violation of the law.

The Government Media and Communications Office stated in a statement, speaking about the case that the Authority investigated and referred to the judiciary, that based on the directives of the Chairman of the Authority to continue following up to recover the full amount, the Authority was able to recover an amount of one billion dinars to the Ministry of Commerce – Export Support Fund, from the United Investment Bank, pursuant to the instrument numbered (0018732) issued by Rashid Bank on 7/11/2024, noting that the total amounts recovered in this case amounted to (22,000,000,000) twenty-two billion dinars.

He added, explaining that the Export Support Fund deposited an amount of (69,000,000,000) sixty-nine billion dinars in the United Investment Bank in violation of the controls and instructions of the Central Bank, and when the amounts were requested from the bank, it was found that they did not have any financial amounts; for the bank officials to invest in them, noting that the Authority’s procedures resulted in the arrest of the Director General of the Export Support Fund Department at the Ministry of Commerce previously and other accused.

Shafaq.com