Raise the custody of the assets of Rafidain and Rasheed abroad, which exceeds the value of 11 million dollars

Economy News _ Baghdad

The Ministry of Justice announced on Thursday the issue of lifting the seizure of the assets of Rafidain and Rashid banks with foreign banks worth more than 11 million dollars.


The director of the legal department of the ministry, Raad Khalil, said in a statement received by "Economy News" a copy, that "the department of foreign lawsuits in the department succeeded in lifting the seizure of Iraqi funds belonging to Rafidain and Rashid banks in France (BNP Paribas and Natixis) Dutch for City Bank, "explaining that" the value of $ 11 million. "


The Director General of the Department said that "the lawyer appointed by the Ministry to plead for the case received a decision from the French Supreme Court (Court of Cassation) to overturn the decision of the Court of Appeal issued on 4/2/2014, which requires that the bank Rafidain and Rashid pay money to Citi Bank ) And return the case to the Court of Appeal and authorize the Rafidain Bank and Rashid to file an appeal against the decision before the Supreme Court.


Khalil said that "a decision was issued to lift the seizure of funds in the (BNP Paribas), belonging to Rafidain and Rashid," pointing to "the continuation of the Department to follow up with the lawyer and the parties concerned."




http://economy-news.net/content.php?id=13121

Raise the seizure of bank accounts Rafidain and Rashid abroad
 
    Thursday, August 2 2018 - 04:36 PM

    BNP Paribas

    The Ministry of Justice announced on Thursday the lifting of the seizure of the assets of Rafidain and Rashid banks with foreign banks worth more than 11 million dollars.

    The director of the legal department, Raad Khalil, said in a statement that the department's foreign affairs department was able to lift the seizure of Iraqi funds belonging to BNP Paribas and Natixis, which was issued by the Dutch courts in favor of Citibank.

    He added that the lawyer appointed by the ministry to plead for the case received a decision by the French Supreme Court (Court of Cassation) to overturn the decision of the Court of Appeal of 4 February 2014, which obliges the Rafidain and Rashid Bank to pay money to Citibank. Rafidain and Rashid Bank to file an appeal against the decision before the Supreme Court.

    He explained that a decision was issued to lift the seizure of the funds in BNP Paribas, which belongs to the Rafidain and Rashid banks, stressing the continuation of the department to follow up the matter with the lawyer and the concerned parties.




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