The judiciary reveals “fraud and fraud” by currency auctions and “smuggling” of dollars out of Iraq

The judiciary reveals “fraud and fraud” by currency auctions and “smuggling” of dollars out of Iraq

WED, 23-12-2020, AM 11:01

Iraqi DinarThe Supreme Judicial Council confirmed, on Wednesday, that it is conducting an investigation into the auction of selling foreign currency and “violations” of some private banks of the law, indicating that the investigation has reached advanced stages and revealed “fraud and fraud” to participate in the auction and “smuggle” foreign currency out of Iraq.

The Judicial Council’s media said in a statement, “The Supreme Judicial Council has directed a circular issued by all investigation courts to take legal measures against all those who have caused damage to the national economy, whether from foreign currency dealers or monopolist merchants of goods, food commodities and essential commodities that citizens need daily.”

The statement added that “the council requested the Ministry of the Interior to instruct the competent police directorates to conduct inspection tours of wholesale stores and places of foreign currency sale to catch those who violate the law.”

In a related context, the statement affirmed that “the investigative court specialized in combating money laundering began several days ago to conduct an investigation regarding the auction of selling foreign currency and the violations of some private banks of the law to participate in the auction of selling foreign currency.”

He continued, “The investigation reached advanced stages and revealed illegal operations, fraud and fraud to participate in the auction of selling currency and smuggling foreign currency outside the country.”

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