Integrity: Director of Rafidain Bank in Basra manipulated b (38) billion dinars

Date: Wednesday, 04-07-2012 09: 31 pm

The biggest corruption discovered

Baghdad-the citizen

Public integrity Commission revealed the involvement of Director of Rafidain branch Basrah II (p. o. g) in collusion with other employees, regardless of fake transactions loans and forged documents total amount reached 38 billion dinars and the integrity Commission said in a statement Wednesday that the operations audit and review credit files revealed that the procedures for granting those loans made during 2006, 2007 and 2008.

The documentation review indicated that the Bank's management has taken no action to recover amounts loans despite the legal deadline to start the payment steps.

The body that Auditors noted that through manipulations (226) treatment of credit under false housing leases and other documents to the debtor. Investigators drew attention to the fact that credit transactions promoted persons without their knowledge, saying that many borrowers and guarantors others unfurled the imaginary complaints not knowledge of the loans in question.

The statement noted that the auditor reviews of documents and receipts of payment and arrest revealed that 20 billion dinars have been met with total loan amounts still destiny (18) billion dinars.

And the statement that judicial sources did not rule out the involvement of parties outside the Bank in arranging credit Phantom and acquisitions of State funds in collusion with the Director of the Bank and some of its staff.