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  1. #1
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    "Warka Bank" .. Citizens lament the huge sums of money entered did not graduate


    Editor Duraid Salman - Friday January 13, 2017 13:39






    Alsumaria News / Baghdad
    Every now and then float to the surface of the scandal caliber, that the ranks of the acquisition of depositors' money and professionalism various stall on the repatriation of such funds methods, which shook the banking system in Iraq's reputation and made him doubt site a lot of times.

    He Citizens for resentment from falling victim to the "scam" Warka Bank, arguing that the bank said accounted for their money deposited procrastinating return them, while the bank manager Mtuare of sight, while the parliamentary finance committee member warned Magda Tamimi of the danger of manipulation banks entitlements of citizens, saying its adoption of a complaint the reluctance of the Warka Bank in re dues depositors.


    The residents said in an interview with Alsumaria's News, "We are a group of citizens, we deposited our money in the Warka Bank seven years ago, but until now the bank did not return the money, despite the lifting of several complaints against the bank and the approval of the government at the request of citizens returned the money", stressing that "the bank procrastinating in restoring their money, and make them like "Naqot love water, where giving them limited amounts every six months and the hard-won."

    They give their hands and their feet running

    Most of those citizens come from other provinces and spend the few funds that they receive from the bank on hotel fares, pointing out that "the size of a huge their deposits, some of whom filed nine thousand dollars and others deposited billion dinars, an amount not seen again since he entered the bank."

    According to the affected citizens, the Warka Bank site at the intersection of object and Sinak versus Khilani mosque in central Baghdad, stressing that "the bank manager called (Abu Marwa) do not face them and Mtwar of sight."

    Affected asserts, that "the bank does not pay the money and argue various pretexts most notably the lack of liquidity," stressing that they "have made several complaints and got the tutelage of the bank, but they did not get anything."

    Corruption and breach of trust

    The parliamentary finance committee member Majda al-Tamimi, announced its adoption of a complaint about the reluctance of citizens Warka Bank, saying it will work to restore financial dues.
    Tamimi said in an interview with Alsumaria News's, "The manipulation of banks and private civil entitlements of citizens, is extremely dangerous, the fact that those practices and behaviors cast negative impact on the citizen's confidence in the Iraqi banks in general, and especially the private banks."

    She said Tamimi, "Our follow - ups on the private banks work and we have information to suggest cases of major corruption by taking those banks for deposits of citizens and worked on the introduction of their own investments and betrayed the trust", stressing " the need for the Central Bank of Iraq strict and harsh measures against those bankss ." .

    Tamimi pointed out that it "will work to adopt a citizen complaint against the reluctance of the Warka Bank will work to put on the agenda of the parliamentary finance committee's agenda, in order to host the Governor of the Central Bank in this regard."

    The central bank announced on Thursday (29 December 2016), his intention to refer the owners of banks and the situation under guardianship to the judiciary, stressing that he is directly responsible to restore customers' deposits on behalf of the banks.

    The central bank had previously drew up a bank of Dar es Salaam and the Tigris and Euphrates under the Commandments after failing to pay the citizens have deposited funds, banking entrusted with.


  2. #2
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    of course warka is "reluctant" to start allowing people to withdraw their money. I imagine once they open again they'd have to have some sort of plan in place to limit withdrawal amounts as there will most likely be many many many people withdrawing their money.

  3. #3
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    Never trust your bank...
    Follow the money $$

  4. #4
    Supporter and Investor! haggisbasher's Avatar
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    Was reading that Iraqi parliament is being extended for 30 days - 1st May to read and vote on important laws including the bank Depositors law , which IMO is very important for us Wark a account holders to get cash from them, so I will be watching for this law very closely.

  5. #5
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    FYI. I sent email to warka short while ago and they sent back a very seeming real email answer that turned out to be a spam putting virus in my computer.

    Pretty much not sure what they are up to these days.

  6. #6
    Supporter and Investor! haggisbasher's Avatar
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    I saw the the Depositors Law gets it final vote tommorow in the Iraqi parlement , been waiting for this but no doubt will wait a little longer but will be a big step closer to getting something back.

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