Form a committee to study the objection Warka Bank
Form a committee to study the objection Warka Bank
12/26/2013
BAGHDAD / JD / .. The General Secretariat of the Council of Ministers for the formation of a committee to study the objection Warka Bank, as revealed that the membership of this committee will be of Finance and the Central Bank and integrity.
The Secretariat said in a statement received / JD / copy of it: a committee was formed to study the objection Warka Bank for Investment and Finance and find ways to help him and the advancement of its present financial position.
The statement said: that the Committee will be chaired by Director General of credit control and the Ministry of Finance and its membership includes all of the director of the legal department at the Central Bank, the Director General of the Department of Finance and Administrative Authority Integrity, and Associate Director of the Office of experts in the Ministry of Finance.
It is noted that the CBI did not raise guardianship for Warka Bank, despite the court’s decision, it is compatible with the reports of the committees set up by the Prime Minister, in addition to the company (kpmg) U.S., specialized accounts and internal reports of the Central Bank of Iraq, which unanimously agreed on the possibility of rehabilitation of the bank with an appropriate solution for it.
The body was discriminatory in Baghdad to resume the presidency – Rusafa Supreme Judicial Council has decided to cancel the tutelage of the Central Bank of the Warka Bank after a hearing held under the chairmanship of President Jaafar Hassan Ali and his two deputies membership gesture Hamel Ojaili and Najim Abdullah Mohsen.
The authority said it is discriminatory in its resolution “on 29 – 2-2012 board decided to put the CBI custody of the Warka Bank for Investment and Finance ..
After auditing body in the central bank’s decision has decided to accept the appeal against the decision of the guardianship having found that the ruling is incorrect and contrary to law because the central bank when he decided to put guardianship did not take into account the provisions of the law or foundations, which calls for taking as he did not take the necessary measures to provide liquidity for the bank, although it from his duties. ”
She said the discriminatory in its decision that “the Ministry of Finance may have contributed to its proceedings of the withdrawal of government deposits from private banks in a crisis in the financial situation of the Warka Bank because it was the mainstay of its liquidity cash .. also that the central bank did not take the necessary measures to improve the situation of the bank, although this is of his responsibilities as did not give him the required loans to get out of its financial crisis and called for the commissions set up by the Bank to address the financial situation of the Warka Bank. “/ End / / 22
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