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National banks .. Portal of corruption and controlled by the media to the bone marrow

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National banks .. Portal of corruption and controlled by the media to the bone marrow

December 28, 2017 - 16:09 | Number of readings: [/rtl]

[rtl]Sumer News: Iraq has been witnessing for years a very wide phenomenon of financial corruption, based on private banks, it is the corridor and portal for the laundering of suspicious funds, and this happened for many reasons, pushed things to become much more difficult, and become some private banks partner in organized crime.[/rtl]
[rtl]Below is a simple example of what happened in one of the private banks and the case of corruption, which reached the highest authority in it.[/rtl]
[rtl]Employee exhibitor and terminate his services[/rtl]
[rtl]Cheb Hussain, a small employee at the Ahli Bank in Karrada, known for his integrity, does not accept Dinara haraam, which made some colleagues in the bank avoid him, to intersect with their aspirations within the bank.[/rtl]
[rtl]Not all the banking operations were going through the young Hussain, but he noticed that the employees of the Fund had changed their financial condition. Both of them bought a very expensive modern car, although his salary was twice their salary but he could not think of the car. New, which is to the present day rent.[/rtl]
[rtl]The young man thinks that he does not have a second job. He does not inherit from his heirs. He is aware of their intimate relationship with one of the accountants who is suspicious. In the end, he discovered the existence of a network inside the bank. Legitimate and suspicious, then presented his information to the administration with the evidence, but the next morning was dispensed with his services.[/rtl]
[rtl]The huge money obtained from corruption[/rtl]
[rtl]Whoever participates with the corruption system within any bank gets very large sums of money that make him live a life of luxury.[/rtl]
[rtl]The gains are fictional, and most of them are attracted to weak characters or have precedents in crime, which would be of great help to them.[/rtl]
[rtl]An informed source told Sumer News that "a person was expelled from a grocery store because he stole the proceeds and according to the relations he employs in a bank and was tried on simple matters (small financial crimes). He succeeded. In larger crimes, "adding that" all this is at the expense of people's money and the interests of the homeland. "[/rtl]
[rtl]The imbalance lies in the lack of a real oversight role to detect such corrupt networks, and the lack of complete data on the banking sector, which, if found to be able to count corrupt elements from senior officials to young people.[/rtl]
[rtl]Failed administrations lead banks[/rtl]
[rtl]According to the system of relationships and the control of capital owners on projects, created a class of weak managers and inexperienced, who can be tempted or exceeded, for their weak accounting capacity, or because they are a specialty far from accounting, that is, there is a breakdown in the system of employment within NGOs.[/rtl]
[rtl]If there were regulations that required the appointment of certain departments, these failed administrations could be removed. Here we define the responsibility of the central bank and the supervisory board, both of which can remove the losers through binding regulations for the banks.[/rtl]
[rtl]The phenomenon of forging certificates without follow-up[/rtl]
[rtl]Amer, was a thief in a gang, and a prison year, did not complete his education, all the property of the fourth preparatory, forged his testimony to be in a private bank, in a position that needs to be appointed only honest integrity, and within a year turned into something fantastic, Not more than five hundred thousand, but bought a house of two hundred million, with a car and trips abroad,[/rtl]
[rtl]The corrupt within the bank, they found in Aamir a particular good for them, if the forgers were expelled as it became so, private banks become a focal point for corruption.[/rtl]
[rtl]A member of the Iraqi Finance Committee that "the banks to work to prove the authenticity of the documents provided by their sources, for the sensitivity of the work of banks, especially that terrorism exploits some, for the purpose of money laundering rotten, if the banking departments remained silent about counterfeiters is a partner of terrorism.[/rtl]
[rtl]Important demands[/rtl]
[rtl]There are demands for private banks to process screening of their cadres, and to expel all those who prove the crime of forgery, with the installation of a database of employees, to be banned from working in another bank, with the importance of putting competencies in the management of banks subject to specialization and most importantly, Changes are observed annually, to investigate the large variables, so that the body of private banks is healthy from any malignant disease.[/rtl]
[rtl]The censorship bureau should also tighten its supervision over private banks and a large screening process for fraud and fraud. Terrorism and crime have a hand in most banks.[/rtl]
[rtl]"Most of the bills and bonds offered by private banks to obtain foreign currency from the Central Bank auction are counterfeit and do not correspond to the reality that they are given for the purpose of importing goods," says a member of the parliamentary economy and investment committee Abdel Salam al-Maliki. "Most of the money is smuggled into Outside Iraq. "[/rtl]
[rtl]He explained that "there is some money that goes through smuggling to terrorist groups to finance them, not to mention the intended attrition of the wealth of the country in order to sabotage the local economy to collapse completely," calling on the government to "add an item within the budget regulates the import process and stop importation of random and the import of bad materials And stop the waste with the Reserve Bank of the Central Bank.[/rtl]
[rtl]Maliki describes some private banks as "mafias", and indicates that "they are fighting and distorting the reputation of anyone who tries to target them through suspicious media or networks through the social means of social communication, not to mention the presence of whales corruption and politically influential parties provide support and cover for those banks to implement Aims to destroy the country's economy. "[/rtl]
[rtl]Maliki pointed out that "the central bank worked to put the hand and wills on some of those banks lagging for rehabilitation, but some of these banks have transferred their funds to other banks to work under different names to give them a legal attribute, although it represents a door of fraud," accusing "Four banks with the possession of fake arms and seek to hit Iraq's economy."[/rtl]
[rtl]Routine and bankruptcy[/rtl]
[rtl]The citizen Mohammed Nayef says, "The private banks do not perform its work as required as the rest of the world," noting that "these banks unable to provide large loans to citizens, such as buying houses or financing an investment project."[/rtl]
[rtl]He adds that "the routine work in the work of these banks is the same as what is in the government banks, which makes the citizen play the deposit of funds in it."[/rtl]
[rtl]Salem Salih says that "what the private banks offer is only fake banking temptations without applying them on the ground." He stressed that "most of the private banks that give high interest to deposits quickly declared bankruptcy and placed under the commandments and the citizen remained puzzled about how to return his money."[/rtl]
[rtl]Saleh calls on the government and the central bank to "grant the license to these banks when they are actually able to provide service to citizens like other countries of the world, not to be on paper."[/rtl]
[rtl]Cancellation of private banks[/rtl]
[rtl]He called on a number of citizens, the abolition of private banks, while one of them considered that the distribution of salaries to employees in dollars would reduce the exchange rate in local markets.[/rtl]
[rtl]"Most of the private banks in Iraq do not carry out the economic activities required by the financing and investment operations like other banks in the countries of the world," said one citizen, Hassan Kassed. "These banks are working on the central bank to get profits through the auction of currency, "He said.[/rtl]
[rtl]Kassed added that "these private banks are small banks do not have enough funds to stimulate economic development, and therefore some of them delayed the return of funds deposited with him by citizens," and called "the central bank to merge these banks or canceled."[/rtl]
[rtl]For his part, said the citizen Mohammed Qasim that "the state will not be able to control the exchange rate unless the distribution of the dollar as salaries of employees, in addition to the participation of a limited number of private banks in the auction currency."[/rtl]
[rtl] Qassem added that "some private banks in Iraq do not practice banking activities, but the banking companies compete in their business to buy and sell the dollar rather than finance and investment operations and support the private sector."[/rtl]
[rtl]The Committee of Economy and Investment parliamentary, that the control of "spoilers on the work of most banks is one of the reasons for the delay of these banks and their dependence on the sale of the currency to collect revenues and profits and inability to support investment.[/rtl]
[rtl]Profitable profits[/rtl]
[rtl]A member of the Finance Committee of Parliament Haitham Jubouri, what he described as "gross profits achieved by private banks through the window selling currency in the Central Bank," noting that "these banks get half a billion dinars a day through the window."[/rtl]
[rtl]He stressed that "Iraq's financial reserves lost 33 billion dollars in about two years," pointing out that "corruption in the sale window of the currency occurs in banks that do not sell at the same price agreed with the Central Bank where the sale gets more than 90 points."[/rtl]
[rtl]He said that "every bank liquidates through the window more than half a billion dinars a day," explaining that "this is not called money laundering, but the smuggling of currency."[/rtl]
[rtl]He added that "the banks exploit the gross profit and this is a legal violation because most of the bills that are delivered to the window selling the currency to get the dollar is fake and we have said it over and over again," noting that "the reserves of the Iraqi state fell from $ 80 billion to 47 billion since 2014, That means we lost $ 33 billion because of the significant fall in oil prices and the currency selling window. "[/rtl]
[rtl]Despite the fact that banks are one of the most important elements of the advancement of the economic reality of the country, especially in support of construction projects and reconstruction, and this is what is witnessed by the countries of the world and even neighboring countries of Iraq, but the private banks in Iraq, which is currently operating more than 44 Iraqi banks and 15 Arab and foreign banks are small banks with limited capital, often dominated by red tape, fraudulent invoices, bankruptcy and limited business areas and almost exclusively the foreign exchange auction.[/rtl]


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