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Investors Iraq News
04-16-2016, 12:48 PM
By John Lee.
A central bank manager in the Kurdistan region has reportedly been arrested as part of a probe into an alleged illegal bond trading scheme.
Reuters reports that the scheme may have cost the KRG more than one billion dollars.
Adham Karim, the head of the Central Bank of Iraq (CBI) in Erbil, and his deputy, are being investigated in relation to the alleged illicit trade of bonds that the government had given to contractors.
(Source: Reuters)
(Court image (http://www.shutterstock.com/) via Shutterstock)


Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2016/04/16/central-bank-official-arrested-over-bond-trading/)

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