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    Arrow Old news

    The 14th of this month when considering an appeal against the decision of the tutelage of Warka Bank


    Baghdad-Al-
    said the Chairman of the Committee on guardianship of Warka in Iraqi
    Central Bank Salem chopsticks "was the fourteenth of the month as the
    date for consideration by the Bank's appeal against the decision of the
    guardianship by the Central Bank against it."

    He said in a press
    statement that "the financial services Tribunal acknowledged that the
    Central Bank trust Warka is correct, only list the appeal made by the
    Bank to the Court of Cassation overturned the decision of the Court of
    financial services because it claimed that the Central Bank did not
    provide the necessary facilities and the Ministry of finance withdrew
    deposits from and therefore discrimination takes these regulations."

    "A
    good Central Bank earlier in the Bank to pay 200 billion dinars by the
    end of last year, or that he would be subjected to filtering the Warka
    said he could not pay that amount but it will pay 150 billion and
    payments, the Central Bank did not take it, he applied to the Court on
    the basis of the Declaration of bankruptcy, noting that the matter is
    now in court to consider its new bankruptcy case pending in this case"

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    You say this is old news, but now there is a new bankruptcy case pending for Warka??

    noting that the matter is now in court to consider its new bankruptcy case pending in this case"
    "I have nothing to offer but blood, toil, tears and sweat." - Sir Winston Churchill

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    / 14 / month from the current date to consider an appeal against the decision of the Warka Bank and tutelage of the Central Bank
    04/02/2013 10:24

    BAGHDAD / Nina / Chairman of the Committee custody of the Warka Bank at the Central Bank of Iraq Salem sticks "a date to consider the appeal made ​​by the bank against the guardianship decision taken by the central bank against him have been identified the fourteenth of this month. He told the National Iraqi News Agency / NINA / Today "that the financial services Court acknowledged that the tutelage of the central bank to correct the Warka Bank, but the list appeal made ​​by the bank to the Court of Cassation overturned the decision of the Financial Services court because he claimed that the central bank did not provide the necessary facilities to him as the Ministry of Finance withdrew deposits from him and thus Discrimination take this regulation. " He stressed that "the Central Bank of the best in the former bank time payment of 200 billion dinars at the end of last year, or that he would be subjected to liquidation, but the Warka Bank said he can not pay this amount but it will pay 150 billion and in the form of payments, did not take the central bank it introduced an application to the Court on the basis of a declaration of bankruptcy the bank, noting that the matter is now before the Court of financial services to consider it again because the bankruptcy case pending in this case. " The Central Bank of Iraq has decided in March of last year put his tutelage on the Warka Bank because of the deterioration of the financial policy, and came guardianship to save him impose, according to the central bank. The central bank says that Article 59 of the law authorizes him custody of the banks put which is about the appointment of an interim administration of any bank obtains financial problems. As Article 66 of the Code of the bank indicate that After the trustee appointed by the Central Bank could be sought through the central bank's decision at the request of the Minister of Finance to save the bank in case found that there is a possibility to save him. / finished 5


    http://ninanews.com/Website/News_Det...To0w%253d%253d
    Al-Warka Bank Mr. Saad al-Bunnia We are giving you a chance to make good profits because once the country has returned to normal and foreigners can buy shares, believe me, nobody will be able to grab a handful of shares.
    THEBEST Remember if CG acted like vultures. No matter that appear to try to help us. They’re vultures.

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    Quote Originally Posted by thebest View Post
    / 14 / month from the current date to consider an appeal against the decision of the Warka Bank and tutelage of the Central Bank
    04/02/2013 10:24

    BAGHDAD / Nina / Chairman of the Committee custody of the Warka Bank at the Central Bank of Iraq Salem sticks "a date to consider the appeal made ​​by the bank against the guardianship decision taken by the central bank against him have been identified the fourteenth of this month. He told the National Iraqi News Agency / NINA / Today "that the financial services Court acknowledged that the tutelage of the central bank to correct the Warka Bank, but the list appeal made ​​by the bank to the Court of Cassation overturned the decision of the Financial Services court because he claimed that the central bank did not provide the necessary facilities to him as the Ministry of Finance withdrew deposits from him and thus Discrimination take this regulation. " He stressed that "the Central Bank of the best in the former bank time payment of 200 billion dinars at the end of last year, or that he would be subjected to liquidation, but the Warka Bank said he can not pay this amount but it will pay 150 billion and in the form of payments, did not take the central bank it introduced an application to the Court on the basis of a declaration of bankruptcy the bank, noting that the matter is now before the Court of financial services to consider it again because the bankruptcy case pending in this case. " The Central Bank of Iraq has decided in March of last year put his tutelage on the Warka Bank because of the deterioration of the financial policy, and came guardianship to save him impose, according to the central bank. The central bank says that Article 59 of the law authorizes him custody of the banks put which is about the appointment of an interim administration of any bank obtains financial problems. As Article 66 of the Code of the bank indicate that After the trustee appointed by the Central Bank could be sought through the central bank's decision at the request of the Minister of Finance to save the bank in case found that there is a possibility to save him. / finished 5


    http://ninanews.com/Website/News_Det...To0w%253d%253d
    so they received already the 200 billion dinars approximately 171 million dollars last year 2013 december, then are they still in bankruptcy?

    how much money we will receive from al-warka? any guess....

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    turn that around

    Quote Originally Posted by BatmaninIraq View Post
    so they received already the 200 billion dinars approximately 171 million dollors last year 2013 december, then are they still in bankruptcy?

    how much money we will receive from al-warka? any guess....
    Other way around. Warka needed to have 200 but could only show 150B. Did not have enough funds to stay in operation.IMHGO.
    ---------------------------------------------------------------
    "Sumerian News", that "the real value of the coin is the value of goods received by the individual and on the strength of the national economy"

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    Quote Originally Posted by HumbleGenius View Post
    Other way around. Warka needed to have 200 but could only show 150B. Did not have enough funds to stay in operation.IMHGO.
    only 25% shortfall ??

    There were major world institutions who were short by over 100% and then some before the plug was pulled !!!

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    Quote Originally Posted by Will-it-happen? View Post
    only 25% shortfall ??

    There were major world institutions who were short by over 100% and then some before the plug was pulled !!!


    True, but those institutions had different enemies.
    [Still kicking]

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    Source: dissenting in the case of banks, the Central Bank put pressure on the judiciary to confusion


    Published on Saturday, 06 April 2013 22: 15 | Posted by: ha/n

    bankofiraqqq

    Baghdad/Obelisk: a high-level judicial sources revealed, on Saturday night, the great pressure exerted by banks that have files to the offence in the case of the Iraqi Central Bank to a group of judges, with the offending banks success in pressuring a senior judge was instrumental in the abolition of the Bank one trust banks.

    The source said "the Obelisk", "offending banks that have files to the Iraqi judiciary in the case of the Central Bank of Iraq put pressure on judges," he said, adding that "these banks succeeded in pressuring a judge leading the case."

    The source, who asked not to be identified, "the goal of lobbying is an attempt to shuffle the cards issue by coverage on corrupt files for some of the banks supported by the political entity (the pressure) is accused of the corruption case.

    The source said that "a judge who has undergone pressure has had a key role in the abolition of the guardianship of the Central Bank of one of the large banks in Iraq, pointing out that" the judge's decision sparked sharp differences with the rest of the judges who insist on the validity of the decision of the Central Bank's trust. "

    The Obelisk" was published in the 18 of December 2012 the competent Parliamentary Committee report, which was mandated to follow the policies of the Central Bank of Iraq and
    suspicions about the auction sale of the currency and the dollar, which revealed "a clear imbalance" in the instructions regarding foreign currency in addition to benefit a limited number of private banks which are restricted their dealings with companies and individuals, and the continuing work of the Committee for more than one period.

    The Central Bank of Iraq was announced on March 14, seeking to make objection to the decision of the Court of appeal judge overturned Rusafa Court financial services to impose Trusteeship Warka and taken by the Central Bank of Iraq due to poor liquidity of the Bank.

    In a statement, said the Central and got "the Obelisk", some media on a news story about the judicial decision of the rasafa appeals court as discriminatory under the chairmanship of judge Jaafar Enhancer containing the overruling of the financial services Tribunal to impose Trusteeship Warka and taken by the Central Bank of Iraq due to poor liquidity of the Bank and its failure to pay the depositors of citizens 'rights.

    The Central Bank of Iraq was announced, (5 March 2012) a Warka under trusteeship after
    failed talks with British Bank Standard Chartered,which began in April 2011 to buy it after suffering a
    financial crisis had placed under guardianship".

    "The CBI gave Warka during the past year 10 days to comply with decisions to deposit $200 billion Iraqi dinars and no harm to the interests of clients.

    TheWarka has published a copy of what it said were discriminatory in the Presidency of the body's decision to resume Baghdad-Al-rasafa, to accept the appeal of the Bank against the decision of the guardianship by the Central Bank.
    Last edited by BatmaninIraq; 05-10-2015 at 09:56 PM.

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