The Integrity Commission revealed, on Wednesday, the details of the criminal and intelligence cases related to the “currency auction” file that it is investigating, where it received 4 intelligence and 8 criminal cases were opened in it.
In a statement today, the Investigation Department of the commission stated that “6 of these cases were referred to the trial court and other investigation courts, as well as a case that was previously decided upon, and another that is still under investigation,” adding that “those cases include major corruption cases in the work of A private bank and indicators of cases of foreign currency smuggling outside Iraq through the bank’s purchase of foreign currency for the benefit of companies claiming to import goods.
And the department explained that “upon investigation and scrutiny it became evident that these companies have not entered goods into Iraq since 2004″, pointing out that “the issues included fraud and some governmental and private banks entering the auction of selling the currency in the names of companies and private account holders without their knowledge, and providing invoices and a counterfeit import counterfeit , As well as violating the instructions of the Central Bank when entering the auction in accordance with the provisions of Article (3) of the Money Laundering Law No. 93 of 2004. ”
She pointed out that “the incoming intelligence is related to the issue of (flying instruments) and the collusion of some banks with people by depositing bonds without having a balance in order to participate in the currency auction for the purpose of profit and benefit from the price difference between the central bank and the local market, in addition to the issuance and treasury department in the bank The central bank purchased  coin counting machines called (universal machines) for a total amount of $ 15 million, which was found to be of no benefit, as they destroy the banknotes, which causes a great loss of money, and 3 of those intelligence are under follow-up.
The Integrity Commission had announced earlier, that it had completed several penal cases that it had investigated, resulting in fines of up to more than 245 billion dinars for private banks.