CBI accused of money laundering

[yota691]

CBI accused of money laundering

Friday, August 10, 2012 - Last updated at 15:49 Abu Dhabi, 11:49 GMT

Baghdad - Arab Sky News - Younis Omaima

Temporary Parliamentary Committee called to follow up the decisions and recommendations of the independent bodies in Iraq, which accuses the authorities of the Central Bank of smuggling of Iraqi funds abroad to support terrorist operations to present their evidence in this regard, while a coalition of state law, denied any direct charges to the bank.

The Parliamentary Temporary Commission warned earlier in the attempt to prejudice the independence of the Central Bank, considering it a violation of articles 106 and following of the Constitution.

The Committee considered in a statement that "the targeting of this type (the bank) would damage both the Iraqi economy or the country's international reputation."

For his part, denied the Member State of Law coalition led by Prime Minister Nuri al-Maliki, Heetm Jubouri, that his remarks "have included the indictment of the Iraqi Central Bank of smuggling money abroad to support terrorism."

However, he said the "Sky News Arab": "We have information and evidence to confirm the presence of authority figures in the Central Bank take advantage of an auction sale of the dollar on a daily basis, by dealing with some specific banks and companies but not others."

"The bank, which sells in the auction about 280 million dollars a day to 14 companies include some well-known banks."

Jubouri was confirmed in a press statement earlier that "the Finance Committee in the House of Representatives that it has received information confirming section including the existence of mafias of traders within the Central Bank of Iraq controlled the work of the bank."

"The volume of daily sales of the dollar is not commensurate with the volume of goods entering Iraq, on the grounds that what goes into no more than a $ 20 million dollars."

He asked Jubouri "Why do not we deal with other than those parties," considering what is going on "Gusala of funds, especially since the bank is selling the dollar rate, to those agencies, and the latter you are selling a large margin, which achieves profit margin on $ 9 million, distributed to those of powerful personalities, "he says.

And the reasons that prevent the disclosure of the identity of those powerful personalities, Jubouri said that "revealed the names do not hurt the interests of the country, but we have demanded the formation of an investigative committee is considering all the evidence and documents in our possession that indicate the presence of the heads of the mafia, both within the central bank or outside."

The head of the Iraqi Council of Representatives, Osama Najafi announced the formation of a parliamentary committee, consisting mainly of the committees of Finance and Economic and Chairman of Supreme Audit to verify the measures the central bank and identify bugs, stressing that the House of Representatives is responsible for follow-up to the Central Bank.

For his part, the economic expert, Abdul Rahman al-Mashhadani, the net items imported Iraq equivalent of financial transfers by the central bank, noting the "Sky News Arab" that "the items imported Iraq equivalent of financial transfers by the bank in question, which amounts to about $ 60 billion annually, compared to a sale of dollars by a bank of up to $ 65 billion a year. "

He said al-Mashhadani, that "the pressure exerted on the central bank recently, prompting the latter to give the role of some private banks buying and selling of the dollar," but he pointed out "the possibility that there will be laundering money, but not necessarily through the decisions of the Central Bank."

He stressed that "the process of money laundering is usually carried out through approved non-banking offices, which are based money transfers through the so-called set-off."

And those who monitor the work of those offices, said the economist, "is supposed to follow by the Central Bank and national security, especially since the proliferation of unlicensed offices it is taken through the Space Malova sale of gold or other commodities."

For his part, was considered a member of the Committee of Economy and investment representative, Qusay, Friday, that "the recent escalation towards the Central Bank of Iraq is not free from the pressure exerted on the latter by the executive branch."

He told, "Sky News" Arab "There is pressure exerted on the old Central Bank by the executive branch, which demanded earlier that Aaúdath to the government, not Parliament, which oversees the work of independent bodies."

It is noteworthy that al-Maliki for months locked in a battle with his opponents aimed to take over independent bodies, most notably the Central Bank of Iraq. http://www.skynewsarabia.com/web/article/38764/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%85%D8%AA%D9%87%D9%85-%D8%A8%D8%BA%D8%B3%D9%8A%D9%84-%D8%A7%D9%84%D8%A7%D9%94%D9%85%D9%88%D8%A7%D9%84

[zigmeister]

It is noteworthy that al-Maliki for months locked in a battle with his opponents aimed to take over independent bodies, most notably the Central Bank of Iraq.

I would say it is noteworthy.

[Carrello]

I would say it is noteworthy.

Note worthy is about it, if you get my drift.

[Butifldrm]

I would say it is noteworthy.

I'd say very noteworthy. I looked up Haitham Jubouri, he is definitely in Maliki's camp. Shabs just needs to pull the trigger and walk away. These guys are never going to quit and nothing is beneath them as far as terrorizing their own people. I think once allt he necessary financcial laws are passed and the currency reform takes place, all the bickering will be over. All these knuckleheads will be scrambling to make sure things are in place. One other thing, if there is a revalue, the GOI is definitely going to have to control the borders, I mean ater all the smuggling is going through the borders, and who's in charge of the borders? Maliki!

[jeepguy]

can you imagine { what kind of screw up this would turn into if maliki got a hold of the c.b.i } i`ll vote for dr. shabbi

[TrinityeXchange]

butifldrm because you asked my thoughts. in honor of my friend stryker, i will attempt one of his famous piecemealed breakdowns of an already difficult to translate article and then give my 2c:

Temporary Parliamentary Committee called to follow up the decisions and recommendations of the independent bodies in Iraq, which accuses the authorities of the Central Bank of smuggling of Iraqi funds abroad to support terrorist operations to present their evidence in this regard, while a coalition of state law, denied any direct charges to the bank.

So a lynch mob has been formed to go after the executives (authorities) of the CBI, an independent body not subject to GOI jurisdiction, accusing them of smuggling Iraqi money externally in support of terrorist organizations and their operations. However the lynch mob is not accusing the CBI itself, only some of the executives.

The Parliamentary Temporary Commission warned earlier in the attempt to prejudice the independence of the Central Bank, considering it a violation of articles 106 and following of the Constitution.

The Committee considered in a statement that "the targeting of this type (the bank) would damage both the Iraqi economy or the country's international reputation."

This lynch mob, herein named TPC, has been warned by Parliament that they are NOT to even attempt to bring back into debate the independent status of the CBI (like they did previously when Maliki attempted commandeering the bank by bringing it under GOI control). It has been resolved that the CBI's independence is reserved by constittutional law and this subject is not to be reintroduced. It will only damage the economy as well as Iraq's international reputation. So they are to be very careful not to attack the CBI but only target the executive members of the bank.

For his part, denied the Member State of Law coalition led by Prime Minister Nuri al-Maliki, Heetm Jubouri, that his remarks "have included the indictment of the Iraqi Central Bank of smuggling money abroad to support terrorism."

However, he said the "Sky News Arab": "We have information and evidence to confirm the presence of authority figures in the Central Bank take advantage of an auction sale of the dollar on a daily basis, by dealing with some specific banks and companies but not others."

"The bank, which sells in the auction about 280 million dollars a day to 14 companies include some well-known banks."

Jubouri was confirmed in a press statement earlier that "the Finance Committee in the House of Representatives that it has received information confirming section including the existence of mafias of traders within the Central Bank of Iraq controlled the work of the bank."

Heetm Jubouri makes it abundantly clear that it is not the CBI that they are accusing but some of the authorities making up the executive body of the bank. He says that these executives prejudice who it is that are allowed to deal in the auction process which is comprised of 14 companies explicitly and this includes some of the well known banks. He goes on further to imply that the Finance Committe has even received information that these executives operate as mafia traders from within the CBI and control the work of the central bank.

The volume of daily sales of the dollar is not commensurate with the volume of goods entering Iraq, on the grounds that what goes into no more than a $ 20 million dollars."

He asked Jubouri "Why do not we deal with other than those parties," considering what is going on "Gusala of funds, especially since the bank is selling the dollar rate, to those agencies, and the latter you are selling a large margin, which achieves profit margin on $ 9 million, distributed to those of powerful personalities, "he says.

And the reasons that prevent the disclosure of the identity of those powerful personalities, Jubouri said that "revealed the names do not hurt the interests of the country, but we have demanded the formation of an investigative committee is considering all the evidence and documents in our possession that indicate the presence of the heads of the mafia, both within the central bank or outside."

Jubouri continues with his claim and backs it up with circumstantial evidence comparing the numbers. According to the numbers the daily dollar sales grossly outweight the volume of goods that those dollar should be bringing in. He also questions why only those 14 companies are favored and backs it up by stating that the "mafia" is receiving the profit margin.

The head of the Iraqi Council of Representatives, Osama Najafi announced the formation of a parliamentary committee, consisting mainly of the committees of Finance and Economic and Chairman of Supreme Audit to verify the measures the central bank and identify bugs, stressing that the House of Representatives is responsible for follow-up to the Central Bank.

So, as stated earlier, the Parliament having to honor these claims stepped in, put together the TPC, and clarifies that it is the sole responsibility of the House of Reps to follow up with the CBI. No other entity has this responsibility. And they have given the TPC strict directives neither to damage Iraq's international reputation nor its economy with this investigation.

For his part, the economic expert, Abdul Rahman al-Mashhadani, the net items imported Iraq equivalent of financial transfers by the central bank, noting the "Sky News Arab" that "the items imported Iraq equivalent of financial transfers by the bank in question, which amounts to about $ 60 billion annually, compared to a sale of dollars by a bank of up to $ 65 billion a year. "

He said al-Mashhadani, that "the pressure exerted on the central bank recently, prompting the latter to give the role of some private banks buying and selling of the dollar," but he pointed out "the possibility that there will be laundering money, but not necessarily through the decisions of the Central Bank."

He stressed that "the process of money laundering is usually carried out through approved non-banking offices, which are based money transfers through the so-called set-off."

And those who monitor the work of those offices, said the economist, "is supposed to follow by the Central Bank and national security, especially since the proliferation of unlicensed offices it is taken through the Space Malova sale of gold or other commodities."

For his part, was considered a member of the Committee of Economy and investment representative, Qusay, Friday, that "the recent escalation towards the Central Bank of Iraq is not free from the pressure exerted on the latter by the executive branch."

He told, "Sky News" Arab "There is pressure exerted on the old Central Bank by the executive branch, which demanded earlier that Aaúdath to the government, not Parliament, which oversees the work of independent bodies."

So in steps the economic expert Dr. Dr. Abdul Rahman Al-Mashhadani, the same man who has backed Shabibi's direction toward deleting the zeros wholeheartedly and entirely (please revisit the great article where he backs Shabibi's plan), and dismisses Jubouri circumstantial evidence entirely. He states that the goods imported into Iraq is commensurate with the financial transfers performed by the CBI. He says the value of imports are at approximately $60B annul and the sale of dollars up to $65B annul. Furthermore he points out that the CBI and its executives received so much pressure in the past from "external forces" that the CBI elected to begin transferring the responsibility of the auctions over to private banks. If there is the possibility of money laundering taking place (and it very well might be), it is not necessarily through the CBI....the private banks will have to be investigated. On top of all of this, he highlights a fact that money laundering usually takes place through approved/licensed non-banking entities altogether. These non-banking entities are the responsibility of the CBI as well as the GOI Internal Security (of which Maliki is head of) to monitor. And then he reminds us that the CBI has been under constant pressure by Maliki's executive branch of the GOI plus the fact that this same branch of government attempted to usurp Parliament's responsibility to oversee the work of independent bodies (ie. CBI).

My thoughts for whatever it is worth:

Al-Maliki will stop at nothing to destroy any potential this country has at democracy and international prominence if not under his complete control. His lap dog Jubouri has been sent forth to instigate this baseless attack on the CBI. The Parliament was cunning enough to step in, "honoring" these claims, and putting together its own special task force which will remain under its control (not Maliki's) and ensure that this mess does NOT destroy the progress Iraq has been making economically as well as their growing international reputation (which is VERY difficult to put a price tag on - rep in the commercial world is everything). Very wise move by Najafi to form a pseudo "lynch mob" that will do no lynching LOL! but put together only to appease Maliki's warrantless attempts of control. The entrance of Dr. Abdul Rahman Al-Mashhadani was icing on the cake as he used his prominent and well deserved/respected position to back the CBI against Maliki. He even threw in the point that it was actions from the Executive branch (he didn't say it but implied it) that forced the CBI to relinquish its management of auctions over to other entities and that it is partly the Executive branch's responsibility to monitor these entities. So if there is laundering taking place, the Executive branch is partly to blame. Other words, "CHECK YOURSELF, MALIKI, BEFORE YOU WRECK YO'SELF!"

Another failed attempt by Maliki.

sheesh here is a 3rd attempt at posting the article interviewing Dr. Abdul Rahman Al-Mashhadani. hopefully this works.

Edited August 11, 2012 by TrinityeXchange

[randalln]

And this too....HMMMMMMM???????

[Butifldrm]

Trinity, that was excellent! A very precise breakdown of these turn of events. Thanks You so much,

[mrmcwhipit]

Trinity, that was excellent! A very precise breakdown of these turn of events. Thanks You so much,

Thanks Trinity good work.

[yota691]

and another article

Deputy for white demands to hold an extraordinary session of parliament this week to discuss the violations of the Central Bank

By khabaar 2 10 minutes ago

Number of Views: 1

Brother Baghdad

He called for the cluster white deputy Aziz Sharif Mayahi to hold a special meeting this week to discuss the violations taking place in the Central Bank of Iraq.

said in a press statement: "There are suspicious transactions undertaken by influential figures within and outside the central bank is working with specific companies in the form of mafias economic function organizer of the depletion of central bank reserves and to provide a cover for money anonymized laundered in order to re-move them to entities that do not want the best for Iraq and its people. "

The Member of Finance Committee representative Haytham Jubouri had revealed that there are documents with the Commission to prove the involvement of political figures, some influential transactions in money laundering.

said in an earlier statement: "We have documents to prove the involvement of five to six figures from inside and outside the central bank some of the offices of prominent political lead some companies specialized money laundering in the form of mafias economic."

He added: "The documents available to us indicate to achieve These figures daily profits of money laundering and speculation the central bank auctions up between 5-10 million dollars a day and we are going to verify the authenticity of these documents in order to take the necessary action against these characters, and with companies. " http://khabaar.net/index.php/permalink/7753.html

[Butifldrm]

Adviser to the Central Bank rather than criminals and smuggling corridor and ready for accountability

Date: 2012-08-11 12: 28: 55 Saturday

Baghdad (News) ...He appearance of Central Bank Adviser Mohammed Saleh, said the Central Bank is ready to be accountable to the House of representatives and was ready to disclose all information in the possession of the Finance Committee and help them to reach the information you need.

He said Saleh (News Agency news) on Saturday that the Central Bank is not a criminals and smuggling of funds as some members of the Finance Committee and is a long and distinguished history, indicating that the Central Bank is accountable to the Chamber of Deputies.

He added: that article 103 of the Constitution provides for the accountability of the Central Bank before the House if any doubts in the work of the Central Bank and the Finance Committee right after the Ministry of finance.

He noted: the Bank would cooperate with the Finance Committee for identifying persons who want to tarnish the reputation of the Bank through the work of smuggling if any, praising the work of the Finance Committee and the control of the Central Bank to disclose the saboteurs and smugglers of public money.

Said: one of the most important elements of the Central Bank's governance is accountability and transparency and disclosure to create conducive atmosphere before the Finance Committee to look for vandals in Central Bank./finished/21. Dr. o/

http://www.microsofttranslator.com/bv.aspx?from=&to=en&a=http://www.ikhnews.com/news.php%3Faction%3Dview%26id%3D51771

[uncirculd]

Oh Yes, Saleh just said in an aritcle earlier this week that there is laundering by the highest level of government officials in the Fiance ministry/committee. Without mentioning any names.

He also said bring it on! Investigate, this will take care of Maliki's goons. Just when they thought they covered their tracks, Shabibi is on top of it. He hasn't been sitting back allowing his reserves to go away without a fight. He's been taking names and jotting notes. They want this investigation badly. Now let the truth be known who is laundering the money.

[TrinityeXchange]

i thought it wise to dig this article back up and review its information due to the wild news surrounding the "temporary" removal of shabibi....