Economists are demanding an investigation into the integrity of government banks to grant loans without collateral

Wednesday 3 September 2014 15:56


Alsumaria News / Baghdad
A number of economists, Wednesday, the Integrity Commission to investigate some banks granting loans without government guarantees, noting that a lot of them distance themselves from the repayment of these loans.

The economist said Ahmed al-Rikabi in an interview for "Alsumaria News", that "some government banks are granting loans of up to more than 70 billion dinars for some businessmen without collateral," noting that "most of the Hola DISCLAIM subsequently repaid."

He added that the stirrup "Some of cronyism and clientelism and corruption leads to the creation of some of these banks to give them loans without a guarantee under the pretext of building an investment project," and urged "the Integrity Commission to immediately investigate the problem of corruption, which began legged in government banks."

For his part, says a businessman Mohammed al-Qaisi said that "banks resumed granting loans to some businessmen without collateral along the lines of what was done in 2008, some businessmen and companies affiliated to the Ministry of Industry by giving them loans without guarantees."

Qaisi explains in an interview for "Alsumaria News", that "the government banks are double standards among its customers at a time, which emphasizes its procedures on administrative Some are granting loans without collateral to others."

The student Qaisi "Integrity Commission to expedite the investigation of this corruption and bring those responsible to justice."

He has been one of the government banks task which TBI problems led to the escape of former boss Hussein Azri, after the Cabinet decided as directly responsible for the commercial bank, the formation of an investigative committee shared the Integrity Commission and the Office of Financial Supervision and the Ministry of Finance and experts, where she presented a report on the the existence of irregularities in the bank, and the report was forwarded to the judicial authorities responsible for its consideration.

The director of the Commercial Bank of Iraq Hussein Azri, had arrived in Beirut on the fourth of June 2011 the last fugitive from Iraq against the backdrop of accusations the bank's board of corruption by Prime Minister Nuri al-Maliki, carried the Parliamentary Integrity Committee the government responsible for the escape of Azri outside the country, and confirmed that it has repeatedly stressed to not allow any official travel only after approval.

It is noteworthy that the Iraqi banks have not kept pace with developments in the work of international banks, and has been linked through the use of telephones and fax machines, and did not enter the Internet until after 2004, and is seeking the Ministry of Finance to develop the banks associated with them through the introduction of modern techniques and linking banks globally automatically , to facilitate the process of transfer of funds to and from Iraq.


http://www.alsumaria.tv/news/109765/اقتصاديون-يطالبون-النزاهة-بالتحقيق-في-من/ar