Tomorrow the appearance of Mohammed Saleh trial and 30 employees of the Central Bank

Admin Wed Jun 19, 2013 5:39 am

[ltr]Created on Wednesday, June 19 / June 2013 08:36 [/ltr]
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Baghdad / Orr News
Download a former deputy governor of the Central Bank of political parties responsible for instability experienced by the Bank's management since the beginning of this year.

He said the appearance of Mohammed Saleh, that the conflict on the management of the central bank and ignorance of the nature of the work they are two main reasons for being accused of wasting public money, a charge that will be tried out with 30 people from his colleagues Thursday, criticizing the sufficiency remarks BSA and not to conduct an internal investigation to find out the truth charges.

Saleh pointed out, in an interview with "long", to money laundering unit enjoys absolute powers of investigation to increase demand for the currency, but failed to carry out its mission, stressing that the current management of the Bank sell the dollar at a higher rate than the former.

He faced the CBI, late last year, sharply criticized because of the high demand for the dollar led to the issuing of arrest warrants on bank governor Sinan al-Shabibi and his deputy, the appearance of Mohammed Saleh during their participation in an international conference.

Saleh halted, after returning to the country, for a period of increased month on charges of "deliberately wasting public money" but the pressure exerted by activists civilians contributed to change the charge to "waste of public money" only, and released on bail in March last year.

The Cabinet decided, in October last year, the prime BSA Abdul Basit Turki functions of the central bank governor agency instead of Alshabibi.

The fact-finding committee in matches Development Fund of Iraq revealed, in April, the central bank sold during the past six years in operation auctions conducted by about $ 207 billion, equivalent to 56% of Iraq's oil revenues in those years.

MPs accused the economists, politicians and the central bank over the past months, to burn "an average of four billion dollars a month in hard currency auction for the benefit of ten banks."

Two days before undergoing the trial, saw the appearance of Mohammed Saleh said that "the process of charging the Bank's management the previous focus on auction sales that allegedly exceeded the needs of the Iraqi economy, which means that he needs is half the quantities sold," adding "the second charge is the fluctuation of the exchange rate, which holds the bank despite the presence of external factors hit the economy and the local market at the same time. "
But Saleh confirms that "the facts have proved that the sales of the current Directors of the Bank is still subject to the same procedures for the work of the previous administration if not the safest performance of the previous administration."

And on the high exchange rate of the dollar in recent months, shows the former deputy central bank governor said that "the reason for this rise is to try the current administration's talk about the sale of half the quantities usual in order to give a picture of mismanagement crew former central bank and it had wasted public money, but things took place on Unlike what they were expecting. "

He said the former deputy governor of the central bank to "the existence of political will try to change the bank officials and the use of others enjoy the loyalty of some of the political blocs at the expense of talent and personalities that have a long tradition in economic work."

He says that "the origins of action in cases of corruption that there will be an administrative investigation within the central bank to know the truth," pointing out that "the BSA made his remarks on the currency auction of the fact-finding committee which took them directly and issued its decisions without right," and wondered "Is the issue has become just switch the administration of the place? "

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