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Wealthwatch OOTW News & Comments 1-25-16 Part 2 of 2
OOTW: KEY ASPECTS - THE LAST GOVERNMENT APPROVED A VARIETY OF LOANS MANY OF WHICH WERE NOT OVERSEEN - IE MONIES FLYING OUT OF THE CBI FOR FAKE PROJECTS
OOTW: THE FORMER GOVT WORKED CONTRARY TO REGULATIONS
OOTW: THESE, IN TURN EFFECTED THE AUCTIONS
OOTW: AS MONIES WERE SENT OUT OF THE BANKS UNDER GUISE OF FAKE PROJECTS AND THEN DISTRIBUTED AMONGST THE AUCTIONS -
OOTW: WE HAVE REPORTED THAT TRICKLE UP
OOTW: MONIES GO TO THE STREET VENDORS AND THEN MOVE UPWARD BACK INTO THE BANKS OR UNDER MATTRESSES VIA THE AUCTIONS
OOTW: The banking expert Samir Alnasiri warned against the «collapse of the banking system in Iraq soon if they do not address the problems faced during the year. »
He stressed that the collapse «means the collapse of the economy.» He pointed out that research and studies and indicators Results «do not receive the attention evidenced by the decline in deposits recorded by the five largest banks in Iraq, as well as the low liquidity and operational, credit and capital investment and profits, without losing sight of the impairment of assets.» He stressed that these indicators «serious».
And MP Mehdi al-Hafez control which is supposed to be exercised by the central bank to «weak and confused.»
OOTW: HAFEZ IS CONFIRMING THAT THE ECONOMY WILL COLLAPSE WITHOUT TIGHTER CONTROLS ON CBI PROCEDURES
OOTW: THE PHOTO WITH THE ARTICLE SHOWS DR HAFEZ AND ("INEPT" :) MOHSEN
OOTW: HOPING HE BECOMES A PUPPET TO SALEH AND HAFEZ AND LEAVES WHAT I TRULY BELIEVE ARE THE CONTROLS (EVEN IF SLIGHT) OF THE DAWA PARTY, UNDER WHICH MOHSEN IS CONNECTED
OOTW: LOOSE THIS GUY ALREADY, WOULD YA?????
OOTW: IF YOU GO TO THIS THREAD, YOU WILL SEE A HISTORY OF SPEECHES AND RELATED NEWS
OOTW: ALSO IT IS NO COINCIDENCE THAT WE'RE SEEN WIDESPREAD INFO FROM THE GOVT AS WELL AS IN THE NEWS THAT IRAQ IS CALLING OUT DUMPING
OOTW: DUMPING IS THE ENTRY OF SHODDY GOODS INTO IRAQ FROM OTHER COUNTRIES
OOTW: PRIMARY TRADE PARTNER IS IRAN
OOTW: LARIJANI AND DELEGATION FROM IRAN VISITED MINISTER OF FINANCE, THE PRESIDENT AND THE PM (AND HOR) OVER THIS PAST WEEKEND
OOTW: IF YOU READ ABOVE YOU WILL SEE BUTIFLDRMS ARTICLE ON THE RELATIONSHIP BETWEEN IRAQ AND IRAN OOTW: AND HOW TRADE EFFECTS
Donnie: ‹@OOTW› is there or is there not corruption on the banks? referring to that article from the weekend that there is no corruption in the banks in Iraq
OOTW: ALSO ARTICLE IN THE FORUM ON THE RELEASE OF 9200 DETAINEES
OOTW: IF THIS ISN'T CONNECTED TO AMNESTY,,IDK WHAT IS
OOTW: WHICH ARTICLE DONNIE?
OOTW: THERE DEFINITELY IS STILL CORRUPTION
Donnie: RELEASE OF 9200 DETAINEES was a good read.
OOTW: YES TY
Donnie: Arabic Bank Union denies laundering found in Iraq
OOTW: YES THIS IS THE OFFICIAL PRESS RELEASE ON THE DETAINEES FROM THE SUPREME JUDICIARY'S SITE
OOTW: Courts 9268 release detainees not found guilty last month 2016-01-25 12:43:00 Courts 9268 release detainees not found guilty last month JAMC Settled the country's courts suspended 14 067 cases during the last month, released in 9268 were not found guilty ratios including them in the same period.
The judge said Abdul Sattar Bayrakdar, spokesman for the judiciary, that "the courts of the country, released last month suspended for 9268 did not prove guilt attributed to them." Bayraktar said that "7870 detainees were released during the investigation stage, as well as others were released in 1398 at the trial stage."
He pointed out that "the total unresolved cases by about a year, including those released were 14 067 cases in the same period." The spokesman stressed that "the Iraqi judiciary continues constantly to resolve the issues of detainees, and stresses the need to complete the investigative files the fastest time in accordance with law."
Donnie: sorry. laundering not corruption.
Donnie: which most likely both exist
OOTW: YES DONNIE I WOULD SAY THAT THE SCTY FOR THE ARAB BANK HAS TO COVER HIS YOU KNOW WHAT
OOTW: THE SECOND ARTICLE IN THAT THREAD STATES THAT THEY ARE ADHERING TO TRANSPARENCY VIA ALL ELECTRONIC TRANSACTIONS
OOTW: THIS IS THE SAME PERSON WHO ANNOUNCED YESTERDAY AS WELL THAT IRAQ HAS 210B USD HELD IN THE RAFIDAIN BANK
OOTW: REMEMBER PART OF THE REASON IRAQ WAS MOVED TO IMF ART 14 IS BECAUSE OF INVISIBLE BANKING TRANSACTIONS
OOTW: AND WE NOW HAVE A SITUATION WHERE IRAQ IS TRYING TO PRACTICE TRANSPARENCY IN ORDER TO ADHERE TO (THIS IS ONLY PART OF) IMF RECOMMENDATIONS PERTAINING TO THE IMF'S RECENT REPORT
OOTW: YES THE ABOVE ART FROM DR HAFEZ IS STATING CORRUPTION AND/OR LAUNDERING STILL EXISTS IN THE CBI BANKING PRACTICES
OOTW: CAN YOU IMAGINE BEING MOHSEN AND SITTING THERE WHILE DR HAFEZ BASICALLY SAYS YOU'VE DROPPED THE BALL
OOTW: OF COURSE THERES ALWAYS AN ISSUE RE TRANSLATION
Donnie: lol I know
OOTW: MOHSEN COULD VERY WELL HAVE BEEN THERE TO AGREE OR TO SHOW SUPPORT, BUT SERIOUSLY, THIS GUY IS EITHER BOUGHT OFF OR DUMB
OOTW: HE BETTER GET HIS ACT TOGETHER OR GO GO GO
Donnie: HAFEZ IS CONFIRMING THAT THE ECONOMY WILL COLLAPSE WITHOUT TIGHTER CONTROLS ON CBI PROCEDURES
OOTW: ABSOLUTELY OOTW: TY
Donnie: is HAFEZ referring to a rate change or corruption?
OOTW: HERE'S THIS FROM THE SUPREME JUDICIARY'S SITE
OOTW: BOTH NEEDED CHANGE AND CORRUPTION CONTINUING
OOTW: Integrity court and stop wasting money laundering 600 billion dinars .. address defect "clearing" 2016-01-24 08:54:00 Integrity court and stop wasting money laundering 600 billion dinars and address the imbalance JAMC Specialized issues of integrity, money laundering and economic crime in Baghdad Stop wasting sums Court declared up Akiemha to 600 billion dinars,
indicating that the funds might have acted contrary to the law by "clearing", and while confirming taken actions led to avoid through the application of this banking system in Iraq, It drew to the arrest and conviction of several accomplices staff regardless amounts for instruments do not carry a balance.
Court judge says achieving integrity in Baghdad, Mohammed Salman told (Media Center Authority Alqdhaiah- JAMC), that "the electronic clearing system designed to speed up the exchange process instruments, and the withdrawal of funds from banks, whether formal or civil."
Salman said that "this regime in Iraq have involved during the last term on a number of problems," pointing to "the involvement of staff with the owners of instruments withdrawn, and found to be without balance", stressing that "it constitutes a crime against the public money."
In contrast, he pointed to "a significant decline during the last term rates in these crimes," and attributed it to "the elimination of the defect diagnosis of the clearing, and to inform the banking authorities need to be avoided, has happened recently."
Salman stressed that the "integrity Court in Baghdad was able to stop the exchange large sums of multiple instruments, including about 600 billion dinars were to withdraw three batches because of the imbalance in the clearing."
Integrity judge and goes to "the competent court convicted a number of accomplices staff of committing this crime, and various provisions issued against them according to the law." For his part, he said Iyad Muhsin ligature Court Judge money laundering and economic crime, in a statement to (JAMC), that "the breach in the
OOTW: "the breach in the clearing system gets while pass-term approved for reporting the existence of the amount was withdrawn between the two banks without marking it officially." Ligature and he added that "this process will lead to the withdrawal of funds contrary to the law, as banks can not be retrieved at a later time."
He noted that "the Iraqi judiciary later many cases of this kind," following up that "has been set staff contributed to withdraw instruments even though they know that they do not carry a balance." The ligature reported that in "one of the suits offered on our court we have succeeded in a $ 4 billion dinars," cautioned "the arrest of the accused and their referral to the criminal court for the crime of theft of public money."
According to official statistics, last year the fair court in Baghdad was completed (3298) suit in the role of the investigation and (642) suit in the role of the trial before the competent criminal court and (346) a case before the competent misdemeanor court, in issued 3460 warrant for crimes related to public money .
OOTW: WOW AND THIS IS MORE THAN LIKELY THE TIP OF THE ICEBERG
Donnie: its sad to think of how much corruption/stealing has been going on for so long.
Donnie: Iraq Live Update @IraqLiveUpdate 32m32 minutes ago Iraqi state owned military production companies resume operations on multiple ammunition lines #Iraq
OOTW: TY DONNIE
OOTW: I NEED TO POST A RETRACTION
OOTW: BECAUSE OF THE INABILITY TO DECIPHER ARABISH AT TIMES, I GOT SOMETHING WRONG
Donnie: War creates jobs - unfortunately.
OOTW: ZOBIAE NOT YASIRI IS TO BE REPLACED
OOTW: HE IS PART OF THE INTEGRITY COMMISSION
OOTW: AND THERE ARE ARTS OUT TODAY STATING THAT HE WILL BE REPLACED FOR PRACTICING CORRUPTION IN THE INTEGRITY COMMISSION
OOTW: ALSO THERE ARE DENIALS FROM ABADI THAT HE WILL CHANGE OUT THE MINISTRIES OOTW: SO WE WAIT AND SEE ON THIS
OOTW: PLEASE ANYONE FEEL FREE TO POST CREDIBLE NEWS ANYTIME HERE IN THE CHAT ROOM
OOTW: IF YOU'RE BORED..HEAD OVER TO THE FORUMS OOTW: ;)
OOTW: LINK IN GOLD TOP RIGHT OOTW: HERE IN THE CHAT ROOM
Donnie: TY OOTW for all you do to educate us
Donnie: I appreciate it!!