New details about Saddam's money in Lebanese banks!

[yota691]

Disclosure of new details regarding the network siphons Lebanese banks

09:22 - 01/08/2018

 

 

Follow-up of Mawazine News 
The newspaper "Asharq al-Awsat" published Wednesday, new details related to the issue of a network that extort Lebanese banks. 
"Maher Rashid, an Iraqi resident in Kirkuk, was convinced of his simple life until someone convinced him that 800 million dollars were deposited in his name at Bank Audi, and that a large share of them The result was the arrest of him in Beirut for four months after it became clear that the documents he presented were forged, revealing the top of the iceberg of an Iraqi gang trying to get money said that the former Iraqi regime deposited by the Lebanese banks billions Dollars in the names of persons who died or died 
From Rashid's story, which opened the way for Lebanese investigations in February, information began to circulate on more than one similar attempt with more than one Lebanese bank. 
The newspaper said a Lebanese source: "The arrival of Iraqi people to Beirut two days ago, carrying documents saying they prove the existence of 400 million dollars returned to them in Lebanese banks, trying to hire Lebanese law firms to claim them, asserting that they were placed in two major Lebanese banks in 1999, They soon evaporated with the widespread news of the arrest of the main gang in Iraq. " 
The source explained that "the Lebanese authorities are trying to ascertain the presence of those on Lebanese territory or their departure."
According to sources familiar with the file to Asharq Al-Awsat, "Some of the documents were serious, but they did not bear sufficient evidence, to show that their owners may be aware of the existence of accounts of this kind and have some documents about them, Documents based on this information ". 
"In more than four documented cases, the gang attempted to obtain funds from Lebanese banks. In other cases, the gang tried to extort money from these banks for" silence "or threatening to launch campaigns of questioning and distorting its actions, Active in Iraq ". 

According to sources in the Lebanese public security, according to the newspaper, "the operation was fully coordinated between the Lebanese public security and the Iraqi National Intelligence Service, and required the transfer of the Director-General of General Security, General Abbas Ibrahim to Baghdad to follow up the file."
The sources pointed out that "the Lebanese public security saw in the process a threat to the reputation of the banking sector, which called for urgent action, praising the rapid Iraqi response to the subject." 
The sources pointed out that "the gangs forged documents related to assets in Lebanese banks, and exercised a blackmail against these banks and threats to pollute their reputation and spread rumors about them, explaining that there are no Lebanese among those involved in these operations until now.
The statement of the Iraqi security, announced the detection of a fraud network whose members are publishing false news and fabricated information in order to blackmail a number of Lebanese banks, claiming their ownership documents on the balances of millions of US dollars in those banks, adding that the network members filed lawsuits against some banks, On "Bank Audi" one of the Lebanese banks known, where it was proved that the documents submitted by them forged, as well as broadcast and published fabricated news about those banks.

[Butifldrm]

revealed new details on a network that siphons off Lebanese banks and Saddam Hussein's relationship

 Twilight News    

 3 hours ago

 

A few weeks ago, a campaign was launched on the application of the Wattas Aab, as well as through social networking sites targeting the bank Audi directly, accusing it of money laundering. And then launched a campaign rumors that the source of Baghdad, including a campaign on a number of Lebanese banks, most notably «Audi». Later, data emerged that Iraqi figures say deposits dating back to the days of former President Saddam Hussein have disappeared from their accounts in Lebanese banks, including Bank Audi.

What is the matter?

In the information, that a number of people submitted papers saying they have accounts in the bank «Audi» as in other banks, and the accounts worth more than hundreds of millions, but billions of dollars, and was deposited in the years preceding the US invasion of Iraq in 2003, The claim is due to special reasons and compelling circumstances. They claimed that the banks, including the bank «Audi» refused to acknowledge the existence of these accounts, and then launched a campaign through the sites of communication, including the application of «Watts Aab».

The newspaper "Al Akhbar" Lebanese that it received from one of these, information turned out to be unfounded, and that the bank «Audi» in particular, asked his legal office to move to face this campaign, and then communicated with the Directorate General of Public Security in the person of its director General Abbas Ibrahim, who continued with the Iraqi official authorities, and exchanged information with the two parties.

Later, the Iraqi authorities found that a large network of Iraqis and non-Iraqis, including Lebanese, had set up a plan to blackmail Audi and other banks.

According to Iraqi sources, this incident took place in other countries, especially after the Iraqi government began to communicate with a number of capitals to reveal accounts belonging to the Iraqi treasury, either put names of Iraqis from the former regime, or on behalf of non-Iraqi personalities. The sources say that much money has been restored to the Iraqi treasury, but there are still outstanding accounts in several countries, especially those that adopt the banking secrecy system.

For its part, the management of the Bank «Audi» prepared an integrated file and presented to Major General Ibrahim, who discussed with the Iraqi authorities, about a week ago, to reveal the chapters after the case, where the investigation led to data released by a statement on the Iraqi intelligence service, The General Directorate of the Lebanese General Security «has been revealed a network of fraud whose members publish false news and fabricated information for the purpose of extorting a number of Lebanese banks, claiming ownership of documents on balances with millions of US dollars in those banks. Members of the network filed lawsuits against some banks, the latest of which was the attempt to defraud Bank Audi, a well-known Lebanese bank, where it was proved that the documents submitted by them were forged, as well as broadcast and published fabricated news about those banks.

For his part, Maj. Gen. Ibrahim revealed that the file "was completed last Wednesday, which necessitated my trip to Iraq and coordination with the Iraqi authorities, and I think we have succeeded to a large extent and we are looking for who is behind this gang because there is nothing by chance run hundreds of millions of dollars, Dollars.

Ibrahim said that Audi is not the only target bank. "But there is more than one bank that was targeted, but the major operations were targeting Bank Audi, not only money and money, but also targeting through social networking sites from Iraq To distort and intercept the Lebanese banking sector », adding that the investigations« will appear if there are global networks behind this work ».

Regarding the presence of Lebanese detainees in the network, Ibrahim said: "Of course, this network is large, because targeting this size, which may exceed one billion dollars is not the work of amateur or small gang, and we monitor this network for more than a year and follow it in public security. According to the investigations and what we have so far and the names we have obtained and provided by the Iraqi authorities, they are only in Iraq ».

He said that «this network was based on the falsification of accounts and claim the possession of false balances in banks, and also targeting through social networking sites and falsification of papers were conducted on a regular basis».

In a statement, Bank Audi expressed its gratitude to the Iraqi authorities and the General Directorate of Public Security in Lebanon, headed by Major General Ibrahim, and expressed his appreciation to the Lebanese judicial authorities for their "prominent role in asserting the rule of law and justice".

The Saudi daily Asharq Al-Awsat reported on Wednesday the same case in which it said that Maher Rashid, an Iraqi resident in Kirkuk, was convinced of his simple life until he was convinced that 800 million dollars were deposited in his name at Bank Audi. The result was his arrest in Beirut for four months after it became clear that the documents he had provided were forged, revealing the top of the iceberg of an Iraqi gang trying to obtain money that is said to have been deposited by the former Iraqi regime with Lebanese banks Billions of dollars The names of people who have died or have been cut off, including those who dare not appear publicly.

From Rasheed's story, which opened the way for Lebanese investigations in February, information began to circulate on more than one similar attempt with more than one Lebanese bank. A Lebanese source told Asharq Al-Awsat that Iraqi people arrived in Beirut two days ago carrying documents that they say prove the existence of $ 400 million in Lebanese banks. They try to hire Lebanese law firms to claim them, asserting that they were placed in two large Lebanese banks in 1999. That they soon evaporated with the news of the arrest of the main gang in Iraq. The sources said the Lebanese authorities were trying to make sure they were on Lebanese territory or were leaving.

According to sources familiar with the file to «Middle East» that some of the documents were serious, but did not bear enough evidence, to show that the owners may be already familiar with the existence of accounts of this kind and have some documents on them, or they complain about the existence and visit documents on The basis of this information.

In more than four documented cases, the gang attempted to obtain funds from Lebanese banks. In other cases, the gang attempted to extort money from these banks for "silence" or threatening to launch campaigns of questioning and distorting its activities, especially those operating in Iraq.

According to sources in the Lebanese public security «Middle East» that the operation was fully coordinated between the Lebanese public security and the Iraqi National Intelligence Service, and required the transfer of Director-General of General Security, General Abbas Ibrahim to Baghdad to follow up the file. The sources pointed out that the Lebanese public security saw in the process «a threat to the reputation of the banking sector, which called for urgent action», praising the rapid Iraqi response to the subject. The sources pointed out that the gangs forged documents related to assets in Lebanese banks, and exercised a blackmail against these banks and threats to pollute their reputation and spread rumors about them, explaining that there are no Lebanese among those involved in these operations until now.

The statement of the Iraqi security, announced the detection of a fraud network whose members are publishing false news and fabricated information in order to blackmail a number of Lebanese banks, claiming their ownership documents on the balances of millions of US dollars in those banks, adding that the network members filed lawsuits against some banks, On the bank "Bank Audi" one of the Lebanese banks known, where it was proved that the documents submitted by them forged, as well as broadcast and published fabricated news about those banks.

For his part, Bank Audi issued a statement expressing its "sincere thanks to all concerned authorities whose intensive efforts and hard work have led to the application of the law to the perpetrators of these criminal acts."

"We express our gratitude to the Iraqi authorities and the General Directorate of Public Security in Lebanon, headed by Major General Abbas Ibrahim, and our appreciation to the Lebanese judicial authorities for their prominent role in asserting the rule of law and justice. Bank Audi takes this opportunity to thank its clients and stakeholders for their confidence and to renew its commitment to maintaining its distinguished position and reputation in the banking sector in Lebanon and abroad.

Last February, Lebanese authorities charged a network of three people, one of them a detainee and the other Faran, for attempting to defraud Bank Audi and claiming they had documents proving that they each received $ 400 million from a bank manager, Freddy Paz, . Lawyer Hussein Kazan told Asharq Al-Awsat that he had received a call from an Iraqi man requesting a meeting at his office in Beirut. The meeting took place with several people, including Maher Rashid, who explained that he has a bank deposit in Bank Audi in Lebanon A total value of eight hundred million US dollars students collect them either through negotiations and through the judiciary ». The lawyer was provided with copies of documents confirming the existence of the deposit, and Maher confirmed its authenticity. Kazan said he alerted his client to the responsibility that would be incurred if the documents were incorrect.

After the lawyer became legal agent for the mentioned, he continued with the office of Samir Hanna, the general manager of Bank Audi, asking for a meeting to discuss the deposit order. It was agreed that the meeting between Kazan and the bank agent, which denied the authenticity of the documents confirming the deposit, To the general manager of Bank Audi, which shows his signature on a deposit of 400 million dollars and without presenting another document with a deposit of 400 million dollars on Freddie Paz, which shows his signature. After that, the lawyer Kazan filed a complaint against Maher Rachid to the bank requesting the deposit of his client the value of the deposit, but the bank's answer was to deny the existence of any deposit in the bank belonging to that person.

The indictment issued by the Lebanese judiciary shows that Rashid admitted in the investigations that three months before his arrest, he received a call from a friend named Fuad Rasmi Muhammad, informing him that Mr. Al-Hajem had documents proving that $ 800 million of deposits were deposited with a bank in Lebanon. The former Iraqi in his name without his knowledge. And offered to help him obtain and cover all other expenses, while others were out of sight, while Rashid was unable even to secure the expenses of a lawyer to defend him during his arrest.

Keywords: 

http://www.shafaaq.com/ar/Ar_NewsReader/9175fa59-3dd9-4666-a1b1-a080ead7bde7

[yota691]

New details about the network of fraud on the banks of Lebanon in Iraq

Release date: 2018/8/1 10:14 • 627 times read

{International: Euphrates News} The disclosure of the network of Iraqi fraud on Lebanese banks reflected the satisfaction of the Lebanese money market.

"In coordination with the Iraqi intelligence and the Lebanese public security, and after successive visits of a number of Lebanese officers to Iraq, a financial mafia has been uncovered on Lebanese banks, the latest of which is the attempt to defraud and corrupt the bank," said General Abbas Ibrahim. And the reputation of Lebanese banks in order to hit the rest of the Lebanese economy. " 
He referred to the network being pursued in Iraq and the ongoing investigations in this regard with regard to the banking sector in Lebanon and said: "This file we have been following for some time in cooperation with the Iraqi authorities competent, and when we completed the file last Wednesday necessitated my trip to Iraq and coordination with the Iraqi authorities in an attempt To put an end to it, and I think we have succeeded to a large extent and we are looking from behind this gang because there is nothing by chance that affects hundreds of millions of dollars, the subject exceeds one billion dollars. "
"We believe that there is a targeting of the banking sector in Lebanon, and we have been observing it for some time, and we know that one of the pillars of stability in Lebanon is the banking sector in the country. 
"No, Bank Audi is not the only target bank, it is more than a bank that was targeted, but the major operations were targeting Bank Audi," he said. "This is not just about money and not money, But there was also targeting through social networking sites also from Iraq to distort and intercept the Lebanese banking sector. " 
"I conclude this, but I can not confirm that it is the investigation by the competent Iraqi authorities that will determine this," the Lebanese official said.
"This is a bit of a thorn," said Major Ibrahim. 
On the health of the presence of Lebanese detainees in this network, General Abbas Ibrahim replied: "Of course, this network is large because targeting such a size, which may exceed one billion dollars is not amateur work or a small gang. We monitor this network for more than a year and follow it in public security. Which we have so far and the names we have obtained, which provided us with the Iraqi authorities are only in Iraq. " 
He denied in response to a question if this network is an attempt to enter the Lebanese banking sector through US sanctions? "There is no connection between the two, and the investigation alone will come to know who is behind this targeting of the banking sector in Lebanon. The issue does not end until investigations by the competent Iraqi authorities are completed in coordination with the Lebanese public security."
On the seriousness of this gang and the extent of its financial impact in Lebanon in the absence of access, the Director-General of Lebanon's security said, "We from the beginning we address this and prevent attempts to take effect in some way, and when we have the file and we have compelling evidence provided by the Iraqi authorities." 
He added: "This network was based on the falsification of accounts and claim to own false balances in banks, and also targeted through social networking sites, and this process through social networking sites and falsification of securities were conducted on a regular basis. 
Asked about the coverage of Bank Audi's Facebook page, he said: "One of them is related to that." 
"There are many pages of public security that we have worked hard to achieve."
The Iraqi intelligence service announced yesterday revealed the network of fraud, said in a statement: Within the scope of coordination and joint action between Iraq and Lebanon in various areas, especially files and security issues, enabled the Iraqi National Intelligence Service and in coordination with the Directorate General of Public Security of Lebanon to detect a network of fraud, 

The Iraqi al-Sharq al-Awsat newspaper said the Iraqi fraud network, targeting Lebanese banks, had tried to seize money allegedly belonging to Saddam's deposed regime. 
"The counterfeiting network has sought to seize billions of dollars in the names of people who have died or have been cut off, including those who dare not appear publicly," she said. According to the newspaper. 
According to that , "he was arrested on the network, in the framework of security cooperation between Beirut and Baghdad, after he tried to get the money to extort these banks, to obtain money from them in exchange for {silence}, or threat of publication of questioning campaigns and distortion of their work, especially active ones in Iraq. 
Revealed A Lebanese source told the Saudi newspaper, about the arrival of Iraqi people to Beirut two days ago, carrying documents that they say prove the existence of 400 million dollars returned to them in Lebanese banks.
They tried to recruit Lebanese law offices to claim them and confirmed that they were placed in two large Lebanese banks in 1999. But these people have evaporated, with the news of the arrest of the main gang in Iraq. "The 
source added that the Lebanese authorities are trying to make sure they are on Lebanese territory or departure. 
the source of the Saudi newspaper, that "some of the documents were as serious, but did not carry sufficient evidence, to show that their owners may be familiar with already the existence of accounts of this type and have some documents on them, or they complain about their existence and visit documents The basis of this information.
According to the newspaper Asharq Al-Awsat, the judicial authorities in Lebanon claimed in February that a network of 3 persons had been found, one of whom was arrested and the other Faran on charges of attempting to defraud Bank Audi and claiming that they had documents proving that both : Freddie Paz, one of the directors of the bank, and Samir Hanna, director of the current year, the amount of 800 million dollars, 400 million each. " 
Following the publication of the statement issued by the Iraqi authorities in connection with the arrest of the network of fraud that was recently targeted defamation of the Lebanese banking sector through Bank Audi, Bank Audi would like to express its sincere thanks to all the authorities Which has led its intensive efforts and hard work to bring the law to justice for the perpetrators of these criminal acts. "
"We express our gratitude to the Iraqi authorities and the General Directorate of Public Security in Lebanon, headed by Major General Abbas Ibrahim, and to the Lebanese judicial authorities for their prominent role in asserting the rule of law and justice," the bank said. 
"Bank Audi takes this opportunity to thank its customers and stakeholders for their great confidence and to renew its commitment to maintaining its distinguished position and reputation in the banking sector in Lebanon and abroad."

[Butifldrm]

Attempt to blackmail Lebanese banks .. Recalled Saddam Hussein's "forgotten" deposits (documents)

 

BAGHDAD, Aug 1 (Reuters) - The joint security operation now underway between Lebanon and Iraq to restore what has been described as attempts to blackmail Lebanese banks under the title of "Forgotten Deposits of Saddam Hussein" has been reintroduced by stories that have not stopped for the past 15 years, The amounts that Saddam was said to have deposited in Middle Eastern banks with names of people close to him or trusted before and during the US invasion of Iraq in the spring of 2003.

  About two weeks ago, Stanford University political science professor Lisa Bledis published a book on Saddam Hussein's era called "The State of Repression" in which she tried to put a typical equation for the regimes of repression, and how they would end it. Researcher Bledis, on the subject of Saddam Hussein's wealth and where it ended, merely referred to internationally approved reference reports in measuring wealth of the rich, did not try to scrutinize the accuracy of any of those figures, which was the list of Forbes America adopted the number of "$ 2 billion" In 2003.  But it expanded in references to the approach of figures used by Saddam Hussein for political, party and media figures outside and inside Iraq. Some of these funds were documented in writing or in writing, while others were paid in cash and directly without reinforcements. $ 780 million in funds Some of Saddam's money were said to have been found, after his arrest and execution, in his homes or offices, such as the one reported by the British newspaper Telegraph of $ 780 million found by US occupying forces distributed on boxes of $ 4 million each. 132 million dollars withdrawn from the central story of a second was published by the television network, "ABC" US included the withdrawal of about a billion dollars from the Central Bank of Iraq, hours before the start of the US bombing of Baghdad, on the pretext of not leaving the benefit of the occupation forces. Of the $ 1 billion, which is not confirmed in writing, there is a sheet of Saddam Hussein's letter asking for $ 132 million for his son Qusay in partnership with Ibrahim al-Azzawi, then finance minister. Certificates that the deposits included banks in Lebanon and Jordan The report also quoted people involved in the implementation and loading of the withdrawn funds, saying that the amount was withdrawn on March 19, 2003 and the funds were loaded into 3 trucks, and later reported by Hikmat al-Azzawi and Tareq Aziz, the foreign minister, the distribution of funds was usually on A network of banks in Amman and Beirut, and that the process of filing was carried out under different names were conducted as if coming from the United States through London. Attempts to blackmail Bank Audi Within these corridors and arrangements, the issue that has gradually unfolded over the past two weeks, culminating yesterday, officially announced in Beirut and Baghdad a joint effort to confront those who threaten Lebanese banks demanding large sums of money on the grounds that they are the deposits of Saddam Hussein in their names. Law Firms claim accuracy and legal documentation The latest episode of a review of Lebanese banks to demand hundreds of millions of dollars in cash, allegedly given Iraqi names since Saddam Hussein's days, took place earlier this week. Iraqi people, some of whom have been checking banks for several months, have this week commissioned law firms to claim Bank Audi and other banks for up to $ 800 million, allegedly deposited in their names since 1999, as tools and coverings for Saddam Hussein's wealth distributions. Some of these written documents, as published, seemed to be serious to law firms, even if they were incomplete.  But the official statements issued by the Lebanese and Iraqi security forces described the claims as extortion, accompanied by campaigns of systematic defamation of banks by social networking sites. 

https://www.iraqpressagency.com/?p=281034

[yota691]

Middle East: Iraq's deposits returned to its central bank via the US Federal Reserve

 2018-08-03 10:57:39

After the Lebanese General Directorate of Public Security and the Iraqi National Intelligence Service, the Association of Banks in Lebanon entered the line in the case of the alleged Iraqi deposits in some Lebanese banks, while the Iraqi Central Bank, Abroad and restored after the fall of the former regime in 2003, with reference to the emergence of a direct role for the «Federal Reserve Bank». 
The president of the Association of Banks, Dr. Joseph Tarbey, stressed that the campaigns of some banks fall within the definition of "organized crime" after a criminal network exploited the fall of the former regime falsely by the presence of financial deposits without relying on any legal documents. "The goal of blackmail, which was accompanied by rumors on social networking sites, was to obtain financial satisfaction rather than alleged rights."
According to informed banking sources and follow-up that the Iraqi authorities, especially the Ministry of Finance and the Central Bank, after the regime of Saddam Hussein, holds all the financial files among the files handled by the beginning of the US military governor Paul Bremer. These files include the external financial deposits of the former regime, which were official in nature, mainly to the central bank, as well as to the Rafidain and al-Rashid governments.
In fact, some Lebanese banks, between 5 and 7 (large and medium), have already received some Iraqi foreign deposits with the knowledge and supervision of the Lebanese Central Bank, especially in terms of determining the right holder and restricting it to official bodies to ensure strict compliance with laws and regulations that protect against any suspicion or Doubts about money laundering. The banks, with the knowledge and guidance of the Central Bank, also responded to the US-Iraqi joint request to disclose these deposits and return them to the Iraqi state institutions by transferring them to the Federal Reserve Bank, on behalf of the moral right holder, the Central Bank of Iraq. "The operations were carried out without hesitation and transparency."
He pointed to the fact that the full refund of money to the Central Bank of Iraq via the channel «US Federal Reserve», as the right holder, saying that «if the Authority and deposits of students, is transferred immediately, because the right holder alone has the right to claim». He praised the "efforts of the Director General of the Lebanese General Security Abbas Ibrahim and the Iraqi intelligence service to end the blackmail and defamation of Lebanese banks," and noted "the importance of continuing investigations and prosecutions to reveal the planners and drivers of this criminal network, after the arrest of some of its members.
"Although the campaign was not based on facts or facts, the spread of rumors in the world of rapid communication and virtual space has its deceptive effects," he said, referring to the "serious targeting" of the Lebanese banking sector in recent years in order to harm its reputation. On large segments of customers of our banks; residents and non-residents, and creates an atmosphere of confusion and confusion reflected negatively on the movements of savings and investment in the country ». 
However, the joint efforts of the competent security services in Lebanon and Iraq "led to the detection of a network of fraudsters and false and fabricated newsmakers to extort and undermine the reputation of our banking sector, which has proven and continues to demonstrate full compliance with the fundamentals and requirements of sound banking and its full commitment And the absolute rules and standards of transparency and good governance and combating money laundering and acts of terrorism and various types of financial crimes ».

[bostonangler]

Good story Yota... Thanks

 

B/A

[gregp]

Awesome news!

Makes one wonder, how much was returned?

The stars are Lining up!

 GM, and Thanks, Yota!!

[yota691]

Aug. 03, 2018 | 12:03 AM

Saddam-era Iraq deposits were repatriated: Torbey

 

Osama Habib| The Daily Star

 

 

 

BEIRUT: The President of the Association of Banks in Lebanon Joseph Torbey said Thursday that the money deposited in Lebanese banks during the era of former President Saddam Hussein had been repatriated. “Naturally there are financial ties between Lebanon and Iraq [from a] long time ago. There was money deposited in Lebanese banks by the Iraqi central bank before the fall of Saddam Hussein.

“After the fall of the old regime and the emergence of a new government, these deposits were transferred to the account of the Iraqi central bank at the U.S. Federal Reserve.

“Banking secrecy does not apply on these deposits and hence this money eventually went to the Iraqi authorities,” Torbey told reporters during a news conference at the headquarters of ABL in Beirut.

The banker was responding to media reports on the foiled attempts to extort money by some Iraqi and Lebanese nationals, who claimed that Iraqi money deposited in Lebanese banks belonged to them.

Lebanon’s General Security, headed by Maj. Gen. Abbas Ibrahim, and Iraqi intelligence jointly uncovered a network that tried to extort several Lebanese banks, including Bank Audi.

The suspects presented fake documents and accounts to the banks and tried to persuade the lenders that the deposits belonged to them.

But the banks rejected the claims and called on the Lebanese and Iraqi authorities to investigate and apprehend those behind the scam.

Abbas earlier estimated that the would-be extortionists tried to claim over $1 billion.

The Lebanese and Iraqi authorities managed to apprehend some of the suspects and are investigating who is behind the criminal network.

Torbey emphasized that the main goal of those claiming money in Lebanese banks was extortion.

“These people were willing to settle for money from the banks in return for their silence. But we did not fall for this scam and went straight to the Lebanese and Iraqi authorities,” he added.

Torbey also stated that the Lebanese banks did not lose any money as a result of the scam.

“After the banks confronted these individuals legally, no one will try from now on to extort the Lebanese banks,” he added.

“We would like to extend our sincere thanks and appreciation to the competent security services in Iraq and Lebanon, especially to [Maj.] Gen. Abbas Ibrahim.

Our banks have demonstrated over the past decades a strong immunity in the face of all local, regional and international challenges,” Torbey said.

He added that the Lebanese banking sector would not be shaken by rumors.

Torbey also touched on the subsidized housing loan crisis in Lebanon and the efforts to find a solution for it.

He added that the new government would find a mechanism to activate housing lending.

“The governor of Banque du Liban recently confirmed that the coming days will carry more financial packages to support loans, especially residential ones, but the size of this support and allocated funds remain under the ceiling set by the monetary authority,” Torbey said.

The ABL president also gave details about the loans provided by the Lebanese banks for the productive sectors and real estate.

“Bank lending is not limited to housing loans and social loans. Banks play an important role in financing the economy, including the real estate sector, where prosperity in Lebanon has often been associated with the boom in real estate and construction projects of all sizes and types.

“About 131,000 citizens benefited from these housing loans,” Torbey said.

He added that despite weak economic growth, the banking sector recorded 5.7 percent in total asset growth during the first five months of the current year, while deposits grew by 2 percent or close to 2.4 percent in the same period of 2017.

“This means that the volume of deposits will increase by about $3.4 billion in the first five months of the current year, which is sufficient to cover the financing needs of the national economy in the public and private sectors,” Torbey said.

[bostonangler]

This does sound good for the reserves needed to...………………………………. RVvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv

 

B/A

[yota691]

3 minutes ago, bostonangler said:

This does sound good for the reserves needed to

The bigger picture is not the money, it what the requirements it took to release it...

[bostonangler]

1 minute ago, yota691 said:

The bigger picture is not the money, it what the requirements it took to release it...

 

To me it looks like a very big step in slowing down the corruption....

 

B/A

[dinareffic]

This is a huge step to where we ultimately want to be.

[Butifldrm]

 

2018/08/03 12:48

• Number of readings 158
•  

Lebanon: Saddam's money was handed over to Washington. The dictator fled the money through camouflage

-----------------------------------

A senior financial official in Lebanon revealed on Friday, August 3, 2018, that the authorities transferred to the United States after the US invasion of Iraq in 2003 all the funds that were deposited in Beirut banks in the name of Saddam Hussein and his regime.

"The financial relations between Lebanon and Iraq are old, there were deposits in the Lebanese banking system, especially from the Central Bank of Iraq. After the fall of Saddam Hussein's regime, these deposits were transferred to the Federal Reserve Bank," said Joseph Tarbi, president of the Association of Banks in Lebanon. In the account of the Central Bank of Iraq, under the supervision of the military and legal authorities and the Central Bank of Lebanon.

The Lebanese lawyer Mohammed Qubaisi, who commissioned his office to follow the fate of Saddam Hussein's money and his regime: the latest episode of the review of Lebanese banks to demand balances of hundreds of millions of dollars, which were said to be Iraqi names since the days of Saddam Hussein, ended earlier this week.

He added: Iraqi people, some of whom have been in the banks for several months, have this week commissioned law firms to claim Bank Audi and other banks for up to $ 800 million, allegedly deposited in their names since 1999, to disguise Saddam Hussein's wealth.

Some of these written documents appear to be very serious for law firms, even if they are not fully documented, but constitute a presumption or semi-written evidence.

While linking some of the Iraqi deposits that existed in the Lebanese banks before the overthrow of the Saddam Hussein regime with the blackmail of the Lebanese banks operating in Iraq now, Tarbih said: These campaigns "have caused some confusion in the hearts of citizens, but the joint efforts by the security services The competent authorities in Lebanon and Iraq, led to the detection of a network of perpetrators of fraud and promoters of false news and fabricated in order to extortion and undermine the reputation of our banking sector.

International pursuit of Saddam Hussein's wealth has led to the discovery of hundreds of millions of dollars in Iraqi funds in European and Middle Eastern banks, none of which bears his personal name.

"It is not reasonable for Saddam Hussein to open a bank account in his own name," says James Nason of the Swiss Bankers Association, whose members are asked to report any suspicious accounts to the Swiss government.

In Lebanon, Britain and Switzerland, the authorities have found about half a billion dollars in Iraqi assets, but it is not clear who the money goes from outside Iraqi government accounts.

The United States, which began searching for Saddam's wealth the day after the invasion in March 2003, admits that finding hidden assets and funds is extremely difficult and complicated, because Saddam Hussein and his regime had hidden arms, camouflage, and crazy ideas.

The biggest challenge is to identify and track the flow of money that Saddam Hussein has appropriated for himself and his entourage and introduced into the international financial system.

Estimates of Saddam's wealth range from $ 2 billion to $ 40 billion. The US-funded International Campaign to Prosecute Iraqi War Criminals says much of the money has been brought out of Iraq through a network of people who have been given the money to invest or keep until needed.

Follow the obelisk - agencies

http://almasalah.com/ar/news/146023/لبنان-أموال-صدام-سلمت-لواشنطن-والدكتاتور-هرب-الأموال-عبر-جهات-مموهة

[justchecking123]

33 minutes ago, yota691 said:

The bigger picture is not the money, it what the requirements it took to release it...

Exactly.

[yota691]

Officially ... Lebanon After the 2003 invasion of Iraq, the United States handed over all the money that was deposited in the Beirut banks

04-08-2018 03:15 PM

Readers

 

Baghdad News -

 

 

A senior finance official in Lebanon said Saturday that the authorities transferred to the United States after the US invasion of Iraq in 2003 all the funds that were deposited in Beirut banks in the name of Saddam Hussein and his regime.

 

"The financial relations between Lebanon and Iraq are old, there were deposits in the Lebanese banking system, especially from the Central Bank of Iraq. After the fall of Saddam Hussein's regime, these deposits were transferred to the Federal Reserve Bank," said Joseph Tarbi, president of the Association of Banks in Lebanon. In the account of the Central Bank of Iraq, under the supervision of the military and legal authorities and the Central Bank of Lebanon.

 

While linking some of the Iraqi deposits that existed in the Lebanese banks before the overthrow of the Saddam Hussein regime with the blackmail of the Lebanese banks operating in Iraq now, Tarbih said: These campaigns "have caused some confusion in the hearts of citizens, but the joint efforts by the security services The competent authorities in Lebanon and Iraq, led to the detection of a network of perpetrators of fraud and promoters of false news and fabricated in order to extortion and undermine the reputation of our banking sector.

 

The international prosecution of Saddam Hussein's wealth has exposed hundreds of millions of dollars in Iraqi funds in European and Middle Eastern banks, but none of them bears his personal name.

 

"It is not reasonable for Saddam Hussein to open a bank account in his own name," says James Nason of the Swiss Bankers Association, whose members are asked to report any suspicious accounts to the Swiss government. In Lebanon, Britain and Switzerland, the authorities have found about half a billion dollars in Iraqi assets, but it is not clear who the money goes from outside Iraqi government accounts.

 

 

 

[ChuckFinley]

Great story here. Thanks Yota.

[jg1]

international prosecution of Saddam Hussein's wealth has exposed hundreds of millions of dollars in Iraqi funds in Europeanand Middle Eastern banks, but none of them bears his personal name.

 

We take one out and put one in and he does worse than the one we took out. 

I think there is a pattern forming here. 

[Officiallytook]

On 8/3/2018 at 5:45 AM, yota691 said:

The bigger picture is not the money, it what the requirements it took to release it...

This is what I was as thinking, the US must be cool with them in order to give then the money back they must be financially stable, economy stable, govt stable in order to get it back, oh yeah and the US maybe lifting dummy sanctions

[ChuckFinley]

6 minutes ago, jg1 said:

international prosecution of Saddam Hussein's wealth has exposed hundreds of millions of dollars in Iraqi funds in Europeanand Middle Eastern banks, but none of them bears his personal name.

 

We take one out and put one in and he does worse than the one we took out. 

I think there is a pattern forming here. 

The only one to one I am giving them is one dinar to one dollar. 

[Freedomwish]

On 8/3/2018 at 8:45 AM, yota691 said:

The bigger picture is not the money, it what the requirements it took to release it...

 

Yup 

12 minutes ago, Officiallytook said:

This is what I was as thinking, the US must be cool with them in order to give then the money back they must be financially stable, economy stable, govt stable in order to get it back, oh yeah and the US maybe lifting dummy sanctions

 

Double yup yup 

[jg1]

10 minutes ago, jg1 said:

international prosecution of Saddam Hussein's wealth has exposed hundreds of millions of dollars in Iraqi funds in Europeanand Middle Eastern banks, but none of them bears his personal name.

 

We take one out and put one in and he does worse than the one we took out. 

I think there is a pattern forming here. 

The only problem now is instead of one person taking, Saddam Hussein' it hundred if not thousands of government employee's now. Whats the solution? How about making it a crime to steal from it's citizens and the penalty is being stoned to death, and not the type where pot is involved just to make it clear. I could just see it now, all the criminal Iraq polititions passing around joints giggling, waking up the next day saying I'm still alive, we need to try the penalty for stealing again. 

[Theseus]

2 hours ago, jg1 said:

The only problem now is instead of one person taking, Saddam Hussein' it hundred if not thousands of government employee's now. Whats the solution? How about making it a crime to steal from it's citizens and the penalty is being stoned to death, and not the type where pot is involved just to make it clear. I could just see it now, all the criminal Iraq polititions passing around joints giggling, waking up the next day saying I'm still alive, we need to try the penalty for stealing again. 

Sharia law on the subject of theft is to lose a hand. 

[ChuckFinley]

14 minutes ago, Theseus said:

Sharia law on the subject of theft is to lose a hand. 

Sound reasonable.  

[yota691]

New details about Saddam's money in Lebanese banks!

05/08/2018

 

 

 

(Independent) .. Day after day, reveal additional threads about the hidden involvement of an Iraqi network working on the Beirut-Baghdad line, claimed to have documents to prove the right balances of billions in Lebanese banks, dating back to the era of the former Iraqi regime Saddam Hussein.

According to exclusive information, the visit of the director of the Lebanese public security, Major General Abbas Ibrahim to Baghdad, last Tuesday, came after being informed of the proven information that the involvement of regional countries and some Lebanese parties in support of gangs trying to blackmail the Lebanese banks to withdraw deposits with the names of alleged depositors, purely political objectives within the Destabilizing the Lebanese pound, and damaging the reputation of the banking sector, to the extent of disrupting the formation of new government structures.

The confusion that has been raised in the last few days about an Iraqi fraud network targeting Lebanese banks through "forged documents" can only be addressed at two very different angles:

In the first part, the head of the Association of Banks in Lebanon, Joseph Tarbay, responded that the bank deposits of Saddam Hussein's regime in Lebanese banks were handed over to the Central Bank of Iraq by the Americans through the Banque du Liban after the fall of the regime at the request of America.

"There are hundreds of millions of dollars in Lebanese banks belonging to the Iraqi government, where funds were deposited in the names of private individuals close to the government, funds that should be checked not only for Lebanon, but also for the Iraqi government," said Wadih al-Hantal. In other neighboring countries, based on Law No. 10 in 2012, where the Iraqi parliament then established a fund to recover Iraq's money. "

However, Lebanese banks are being subjected to "serious" blackmail by a "disciplined" Iraqi gang backed by a regional state, according to informed sources, who are trying to put pressure on Lebanese banks and defame their reputation with money laundering charges.

In addition to Iraqi official accounts, there is information about the existence of Iraqi accounts of individuals close to Saddam Hussein, who are placed under the names of ordinary persons in more than one country abroad. Here, Ather's talk about the background of the liquidation of most members of an Iraqi family in France, specifically in the province of Chevaline near the city of Lyon, on 5 September 2012. It was said that he was deposited in the account of the head of the family million dollars for 9 years he never used.

The suspicion was then about the brother's intention to transfer these funds through inheritance, and it was said that the amount is for Saddam Hussein, but the investigations did not reveal anything until today.

The economic and strategic expert, Professor Jassim Ajja, reveals that the fraud attempt targeted three large Lebanese banks: Bank Audi, BLOM Bank and France Bank, pointing out that the gang is trying to exploit the banking secrecy applied in the Lebanese banking system.

This leads to a return to memory of the Iran-Iraq war in the 1980s, when many Lebanese were engaged in fighting alongside Saddam Hussein, who promised to transfer money to Lebanese banks, known as the "red dollar." But with the fall of the regime, Whether or not these funds are actually transferred, due to "bank secrecy".

He points out that the banks mentioned have been blackmailed by the Iraqi gang threatened to publish campaigns of questioning and distortion of its work on social networking sites, which gives clear indications that the fraud is politically systematic.

He explains that Iraqi people are trying to prove the presence of deposits in Lebanese banks that were deposited by relatives close to Saddam's regime by showing a forged document of a "legacy paper" with a copy of their proxy for a Jordanian, Lebanese or Syrian person to facilitate transactions and collect funds. Their passports, but these documents remain incomplete in the absence of any evidence of the bank account number or even the name of the bank where the funds were deposited.

He deplores the absurdity of the fictional figures claimed by Sarda that one of the bandits claimed to have a $ 3 billion bank account!

This is not the first time that Lebanese banks have been subjected to attempts to blackmail such a type, according to Aguha, which is extinguished and flared according to the political circumstances in the country and whether the country is undergoing political vacancy, but it is time The first intervention by the security and intelligence services of the Lebanese and Iraqi parties, for the existence of a real threat beyond the barrier of "individual gang."

[yota691]

Video: Lebanese official reveals the fate of Saddam Hussein's money in the banks of Beirut

 

Monday 6 August

 

 

 

 

The money of the former regime deposited with the international banks has been referred back to the public after the Iraqi Intelligence Service and the Lebanese Public Security Directorate revealed a joint operation that resulted in the dismantling of a fraud network that exploits Lebanese banks, especially those operating in Iraq . This process revealed among them large sums of money are still unknown fate of a number of banks, and pseudonyms may be fictitious.  In Lebanon , where the network of fraud involving Iraqi individuals was active, a senior financial official revealed that the Lebanese authorities had transferred to the United States after the US invasion of Iraq in 2000 and 2003 all the funds that were deposited in Beirut banks on behalf of Saddam Hussein and his regime.     Joseph Tarbi, President of the Association of Banks in Lebanon, confirmed the completion of the transfer of these deposits to the US Federal Reserve Bank in the account of the Central Bank of Iraq, under the direct supervision of the military and legal authorities and the Central Bank of Lebanon.  The international prosecution of Saddam Hussein's wealth has led to the discovery of hundreds of millions of dollars in Iraqi funds in European and Middle Eastern banks, none of which bears his personal name.  In Lebanon, Britain and Switzerland, the authorities have found about half a billion dollars in Iraqi assets, but it is not clear who the money goes from outside Iraqi government accounts.  The biggest challenge is how to identify and track the flow of funds that Saddam Hussein has appropriated for himself and his entourage and introduced into the international financial system.  You can view the report on the video above.