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From the "Key Card" company... Integrity returns 231 billion dinars to the state treasury
THURSDAY, 08-18-2022,PM 4:48 KARAR AL ASADI 233
On Thursday, the Federal Integrity Commission announced the recovery of more than (231) billion dinars to the state treasury from an electronic payment company; In the case of the salaries of retirees outside Iraq.
In a statement received by Noon News Agency, the Commission's Investigation Department stated that the investigation's integrity procedures and its follow-up to the file of the pension issue outside Iraq led to the recovery of (231,352,535,563) billion dinars to the state treasury, which represents the amounts owed by the company (K-Card). And she continued, that
based on the commission's follow-ups and its investigative procedures in the case, the mechanism for raising the salaries of retirees abroad, which is through raising the funding from the retirement commission to the Rafidain Bank, was audited for the bank to raise salaries through the global smart card company system and through the (clearing) system. That Al-Rafidain Bank has repeatedly paid the salaries of retirees to the company’s system more than once, without the company returning the accumulated amounts for a long period since this system was introduced in 2017.
She added that as a result of the investigation procedures in the case and determining the amount of damage, the Central Bank of Iraq withheld the funds belonging to the International Smart Card Company; For the purpose of reversing the amount that was determined from the company’s accounts to the accounts of Rafidain Bank, and
the judicially ordered amounts were actually paid back to the bank, which are suspected of being exploited in speculation in the market and currency trading, at the time of the management of the accused, “whose fate has been deferred, the authorized director of the company,” and the accused fugitive, the deputy director for the company.
From the "Key Card" company... Integrity returns 231 billion dinars to the state treasury
THURSDAY, 08-18-2022,PM 4:48 KARAR AL ASADI 233
On Thursday, the Federal Integrity Commission announced the recovery of more than (231) billion dinars to the state treasury from an electronic payment company; In the case of the salaries of retirees outside Iraq.
In a statement received by Noon News Agency, the Commission's Investigation Department stated that the investigation's integrity procedures and its follow-up to the file of the pension issue outside Iraq led to the recovery of (231,352,535,563) billion dinars to the state treasury, which represents the amounts owed by the company (K-Card). And she continued, that
based on the commission's follow-ups and its investigative procedures in the case, the mechanism for raising the salaries of retirees abroad, which is through raising the funding from the retirement commission to the Rafidain Bank, was audited for the bank to raise salaries through the global smart card company system and through the (clearing) system. That Al-Rafidain Bank has repeatedly paid the salaries of retirees to the company’s system more than once, without the company returning the accumulated amounts for a long period since this system was introduced in 2017.
She added that as a result of the investigation procedures in the case and determining the amount of damage, the Central Bank of Iraq withheld the funds belonging to the International Smart Card Company; For the purpose of reversing the amount that was determined from the company’s accounts to the accounts of Rafidain Bank, and
the judicially ordered amounts were actually paid back to the bank, which are suspected of being exploited in speculation in the market and currency trading, at the time of the management of the accused, “whose fate has been deferred, the authorized director of the company,” and the accused fugitive, the deputy director for the company.
