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Warning of cancellation of real estate collateral in the process of granting loans
Monday 10/19/2015 23:58
Baghdad news / Baghdad
parliamentary finance committee warned, the government canceled real estate collateral in the process of granting industrial, agricultural and housing loans, noting that it will lead to widespread corruption and waste of public money. " she said committee member MP Haider al-Kaabi told / JD /: "There are claims to cancel the real estate collateral in the process of granting industrial, agricultural and real estate loans, which was adopted by the central bank, amounting to 5 trillion dinars, but canceled will open the way for some brokers and spoilers of embezzling money and thus would encourage corruption and waste of public money. " "he is with facilitating the granting of loans actions, but not at the expense of Cancel guarantees. "He called a number of industrial real estate collateral the government to cancel the project in the granting of loans, Adin Palmarql the measure to the process of granting loans and the implementation of projects."
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