##### Oh this is going to be interesting!!!!!

A trusteeship on a bank owned by the brother Iyad Allawi because of financial irregularities




BAGHDAD / obelisk: put the CBI custody of the bank across Iraq owned by the brother of the leader of the Iraqi List, Iyad Allawi for committing several financial irregularities.



He declared the Iraqi Central Bank on the Bank through Iraq to the Central Bank of Iraq became a trustee of the bank across Iraq, which is owned and chair of the board, Dr. Sabah Hashim Allawi brother of the leader of the Iraqi List, Iyad Allawi because of financial irregularities.

The information confirms that Bank headquarters in Beirut and has a branch in Baghdad neighborhood unit area and another branch in Arbil, northern Iraq.

And below the text of the Declaration: -

Declaration issued by the Central Bank of Iraq

The tutelage of a bank across Iraq

Based on the decision of the Council of Directors of the Iraqi Central Bank adopted its session numbered 1491 and held on 18.11.2012 based on the provisions of Article (40) of the Central Bank of Iraq Law No. (56) for the year 2004.

Due to the fact that the bank above has committed several irregularities despite numerous warnings addressed to him by the bank in order to improve the bank's course of action, but he has not been complied necessitating the intervention of the bank in order to ensure the safety of the banking and financial system in Iraq.

Decided to impose a bank Commandments across Iraq on the basis of Article (59) of the Banking Act No. 94 of 2004 and the appointment of Mr. Hazem Mohammed Mahmoud Advocate legal guardian of the said bank and the powers set by the material (60 - 65).

Implemented from the date of issuance of this decision


CBI


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