A Lebanese official reveals the fate of Saddam Hussein's money and his regime in the banks of Beirut

Friday 3 August




Alsumaria News / Baghdad

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

"The financial relations between Lebanon and Iraq are old and 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 central bank," said Joseph Tarbi, president of the Association of Banks in Lebanon. Federal Reserve in the account of the Central Bank of Iraq, under the supervision of the military and legal authorities and the Central Bank of Lebanon.


In an interview with RT, Lebanese lawyer Mohammed Qubaisi, who commissioned his office to follow the fate of Saddam Hussein's money and his regime, said: "The latest episode of the review of Lebanese banks to demand hundreds of millions of dollars' worth of 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.

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.

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.

http://www.alsumaria.tv/news/81728/ط£ط±ط¨ط¹ط-ظ‚طھظ„ظ‰-ظˆ12-ط¬ط±ظٹط­ط§-ظپظٹ-ط­ط

Video: This was the dismantling of a network of fraud working between Baghdad and Beirut to blackmail the Lebanese banks


Friday 3 August




A new qualitative operation carried out by the Iraqi intelligence service in coordination with the Lebanese Public Security Directorate led to the protection of the economies of the two countries and the banking sector in particular, from a large fraud that almost resulted in the loss of hundreds of millions of dollars. .

Details of the network include Iraqi people who arrived in Beirut a few days ago carrying documents they say prove the existence of $ 400 million in two large Lebanese banks in 1999, trying to hire Lebanese law firms to claim them. According to the Lebanese security, this was repeated in February, when an Iraqi was arrested claiming eight hundred million dollars in a Lebanese bank.


The fraud network is trying to get money that is said to have been deposited in Lebanese banks by the former Iraqi regime of billions of dollars in the names of people who have died or have been cut off, including those who do not dare to appear publicly.

Some of the documents presented by the fraudsters were serious, but they did not bear enough evidence to show that their owners may be aware of the existence of such accounts and have some documentation about them or complain about their existence and visit documents based on this information, Sources familiar with the file.

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 actions, especially those operating in Iraq.

The Lebanese public security saw this as a threat to the reputation of the banking sector, prompting urgent action and the transfer of the Director-General of the General Security, General Abbas Ibrahim, to Baghdad to follow up the file and coordinate with the Iraqi intelligence service, which during the operation managed to arrest the main gang in Iraq, The Lebanese authorities to ensure the existence of those scammers on Lebanese territory or their departure, as the sources say they evaporated with the widespread news of the arrest of the main threads in Baghdad.


http://www.alsumaria.tv/news/81728/ط£ط±ط¨ط¹ط-ظ‚طھظ„ظ‰-ظˆ12-ط¬ط±ظٹط­ط§-ظپظٹ-ط­ط

Lebanon makes a surprise about Iraqi funds
Editorial Date: 2018/8/3 16:52

The Lebanese authorities transferred to the United States following the US occupation of Iraq in 2003 the funds that were deposited in the banks of Lebanon in the name of ousted president Saddam Hussein, or She suspected her return to the former regime.

This came in response to a question about what is said about "the deposits of a very large already set by the regime of Saddam in some Lebanese banks. He said that these deposits were sent to the US Federal Reserve Bank of the Central Bank of Iraq, under the supervision of the military legal authorities in Iraq and the Central Bank Lebanese, and hence no secrets or illusions on this subject, "and stressing that the banking secrecy does not withhold deposits from their owners," the current Iraqi regime is the heir to the former regime, "he said.

Tarbiyeh's comments came after the confusion caused by a network operating on the Beirut-Baghdad line, claiming that it had documents worth billions of dollars and belonged to people who died or disappeared, registered in their names since 1999.

The members of the network published news and information in the Iraqi media claiming ownership of documents on their balances and dead persons, in the billions of dollars in Lebanese banks.

The issue has caused a stir in Lebanon over the past two weeks, especially as it has extended the names of large and famous banks, necessitating the travel of the Director General of Public Security to Baghdad in order to resolve the file.

The Iraqi intelligence issued a statement following the visit, which indicated that the threads of the blackmail network and the names of its members were reached, and some of those involved were arrested.



The director of public security in Lebanon, Major General Abbas Ibrahim, announced last Tuesday that a joint operation with the Iraqi authorities, resulted in the discovery of a network based in Iraq, targeting the Lebanese banking sector, and tried to extort money from the bank and stressed in press statements, the need to know who is behind these Gang, "especially that the losses of the banking sector, because of these rumors may reach one billion dollars."



He also revealed that the individuals arrested were Iraqis.

It is noteworthy that the case goes back more than a year but it surfaced in the past two weeks following the campaign of accusations and rumors that were thrown on the sites of communication by the network against some of the large Lebanese banks.


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