Parliamentary Commission verified talking about the evidence against the central bank governor

10/15/2012 12:00 am

She completed the procedures for questioning Shabibi

BAGHDAD - morning

Confirmed
the parliamentary committee on verification of the transactions of the
Central Bank and the existence of documents and evidence against the
central bank governor and a number of other powerful personalities where
a banner to complete the procedures for questioning the central bank
governor in parliament.


He
spoke a member of the Parliamentary Committee MP Haitham al-Jubouri
told (Brief Center for the Iraqi Media Network) yesterday for the
completion of files and procedures for interrogating Iraqi Central Bank
Governor Sinan al-Shabibi during the coming sessions of the House of
Representatives.

Jubouri confirmed the existence of documents and
evidence condemns
the governor and a number of other powerful personalities within the
central bank which is what happened verified by larger regulatory
authorities in the country such as the House of Representatives and the
Office of Financial Supervision and the Integrity Commission which led
to the conviction of the Iraqi judiciary.

Jubouri said that most
prominent corruption charges within the Bank are those related to
auction the central bank saying that the issuance of arrest warrants
against this or that official or questioning is normal in order to show
the facts to the people and summarized the functions of the Central Bank
of Iraq to maintain price stability and the implementation of the
policy cash
including exchange rate policies and management of foreign currency
reserves and the issuance and management of currency, in addition to
regulating the banking sector.

Jubouri said that while the Constitution
provides that the House of Representatives shall control the operations
of the Central Bank, the Article 24 of
Law No. 56 stipulates that there should be coordination between the
executive branch represented by the government as responsible for the
country's fiscal policy and the central bank as responsible for monetary
policy and said the Iraqi Central Bank earlier said he was ready to
cooperate with investigative
parliamentary committee about his dealings currency auction sale
yesterday vowed to prosecute accused him of corruption through the
judiciary.

announced to the fact-finding committee set up by the House
of Representatives, which includes the heads of (Economic and Financial
Committee and the Office of Financial Supervision) last month the
existence of collusion of some officials and advisers in the Central
Bank issue currency auction sale.

was a member of the Finance Committee
Haitham al-Jubouri revealed early last month about the involvement of
influential political figures did not identify the phenomenon of
smuggling between 5 and 10 million dollars a day through an auction sale currency and stressed that part of the money goes to support terrorism.

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