The disappearance of billions of Iraqi dinars from Erbil Federal Bank

The disappearance of billions of Iraqi dinars from Erbil Federal Bank

Sunday, December 9, 2012 13:44

Translation / Baghdadiya News / .. The Web site, Rudo Kurdish-speaking English to the Kurdistan Regional Government revealed the disappearance of twenty-five billion Iraqi dinars, equivalent to $ 21.4 million from the bank’s Federal Erbil, while official said the Ministry of Finance in the region that “money has been embezzled by employees in the bank and private contractors. ”
The official added that “after we have made some small accounting errors in the bank discovered that a large amount of money missing and that the ministry is now investigating the case.”
The finance minister of the Kurdistan region Rashid Tahir this news, saying “It is true there is a problem in the Federal Reserve Bank of Arbil and there is a large amount of money missing,” he said, adding “that the investigation committee will send the results to the court in order to take legal action.”
Noteworthy that this case is the second of its kind in the Kurdistan region two years ago, has been put 2.5 billion Iraqi dinars missing in the same bank bank manager was arrested and accounting by the police.
In the present case, the Ministry of Finance said that “the perpetrators are an employee at the bank and a private contractor, where the employee has entered into an agreement with the contractor whereby withdraw money for him despite the lack of money he has in his own account.” Finished / 21

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