A source familiar with “expose” … Iraq loses 40 billion as a result of manipulation of commissions
A source familiar with “expose” … Iraq loses 40 billion as a result of manipulation of commissions and invoices by agreement “Alaq” with the “Association of Banks”
17-02-2018 02:58 PM
Baghdad News –
A well-informed source said that the annual financial inventory for 2017 revealed that Iraq has incurred more than 40 billion as a result of currency manipulation and auctions by the Association of Iraqi banks associated with the Central Bank of Iraq.
The source said in a press statement, that ‘there is a prior agreement between the Association of Iraqi banks, which was registered as a civil organization, but the governor of the Central Bank Ali Alalak, created a legal formula, to exercise its work in full’.
The source, who is close to financial decision-making centers, said that ‘Iraq this year suffered more than 40 billion as a result of manipulations of bills and commissions, according to the identification of the fiscal year.’
He added that ‘an agreement between the Association and the relationship requires the latter to get a certain percentage of the manipulation of commissions and invoices, in exchange for the Central Bank overlooks these manipulations’.
He went on to say that ‘Alaq seeks to hide many of the documents of the final accounts for this year, because if it were put before the public opinion and cause a scandal large, do not praise the punishment,’ as he put it.
The source pointed out that ‘these commissions that result in the smuggling of public funds go to the pockets of the parties involved in these manipulations’, while stressing that’ the eldest son of the governor of the Central Bank, opened a luxury salon in a shopping center in the center of the Canadian capital Ottawa,