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  1. #1
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    /14/ this month when considering appeal against Warka Bank tutelage decision

    [حفظ الخبر] /14/this month when considering an appeal against the decision of the tutelage of Warka Bank

    02/04/13 10: 24: 00

    Baghdad/Nina/ guardianship said 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.

    He said in a statement to the national Iraqi news agency/Nina/the financial services Tribunal acknowledged that 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."

    The Central Bank decided in March of last year put his tutelage at Warka because of the deterioration of the financial policy, patronizing to save him, according to the Central Bank.

    The Central Bank says that article 59 of the law allow him develop trust banks are appointed interim administration for any bank when financial problems.

    In article 66 of this law to the trustee appointed by the Central Bank could seek through the Central Bank request a decision of the Minister of finance to save the Bank if it finds that there is a possibility to save him. /over 5


  2. #2
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    so what does the above mean ????

  3. #3
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    Quote Originally Posted by Will-it-happen? View Post
    so what does the above mean ????
    Are you Royal Beluga, or a relative of his?

    It means the Shiite is about to hit the fan

  4. #4
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    Quote Originally Posted by Kickabuck View Post
    Are you Royal Beluga, or a relative of his?

    It means the Shiite is about to hit the fan
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

    but seriously, is warka knackered ?

  5. #5
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    Quote Originally Posted by Kickabuck View Post
    Are you Royal Beluga, or a relative of his?

    It means the Shiite is about to hit the fan

    KB

    Ouch

    That's a bit harsh

    Poor RB

    I note the "chopsticks" is back!!!!!!!!!!!!! LOL

    Did the Shite not hit the fan a long long time ago (the opposite of soon) ??

    In Iraq who knows what will happen.


    PPS

    Iraq lead the way in confiscation of money in bank accounts way before Cyprus! LOL

    What a f#cked up world we find our selves in.

    EB
    A day without laughter is a day wasted: Charlie Chaplin. :cheeky-smiley-025: :yelrotflmao:

    NO RV TODAY! MAYBE TOMMOROW! :shhh:

  6. #6
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    Quote Originally Posted by Kickabuck View Post
    Are you Royal Beluga, or a relative of his?

    It means the Shiite is about to hit the fan
    "Royal Beluga".....Hahaha, where is that bloated salmonella infected avatar cuisine? that Chap was decent folk..

  7. #7
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    Where are you RB? We miss you. And bring back the old Crow too.

    Quote Originally Posted by cowpoke View Post
    "Royal Beluga".....Hahaha, where is that bloated salmonella infected avatar cuisine? that Chap was decent folk..
    Now this is a funny thread. (except for the next line)

    "Central Bank request a decision of the Minister of finance to save the Bank if it finds that there is a possibility to save him."
    ---------------------------------------------------------------
    "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"

  8. #8
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    Quote Originally Posted by HumbleGenius View Post
    Now this is a funny thread. (except for the next line)

    "Central Bank request a decision of the Minister of finance to save the Bank if it finds that there is a possibility to save him."
    Isn't the "Minister of finance" a big reason for thier trouble to begin with? Didn't they pull govt accounts?

  9. #9
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    That is part of it

    Quote Originally Posted by cowpoke View Post
    Isn't the "Minister of finance" a big reason for thier trouble to begin with? Didn't they pull govt accounts?
    All my opinion:

    Yes, part of it. Nothing states the Gov has to put money back in though. Damage done.
    Part of it is bad loans adding to depletion of funds.
    ----------------

    (Side note - I believe Warka online is down at this time 9:25 am est. "Socket error")
    ---------------------------------------------------------------
    "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"

  10. #10
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    Well Sunday 14th should give us a good indication how this whole investment is going to go...'North or South'...I hope Bunnia can pull a deal together and sort it out but I think the writing is on the wall...
    So good luck to all us who had the nerve to finance Al-warka bank back in 2005 and only to be blown away by a religious financial terrorist president call Maliki,and they wonder why foreign investment is falling.GO THINK

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