Shafaq News / The Commission of Integrity announced on Wednesday that an arrest warrant has been issued against the former Director General of the Iraqi Trade Bank, TBI, on the background of disbursing an amount of (60,000,000) million US dollars without adequate guarantees.

The Commission’s investigations department indicated, while talking about the details of the case that it investigated and referred to the judiciary, Najaf Criminal Court, which is competent to look into integrity issues, issued an arrest warrant against him in accordance with the provisions of Article (340) of the Penal Code, Erbil branch by granting banking facilities to a company without adequate guarantees.

The department added that the banking facilities amounting to (60,000,000) million US dollars were granted with the approval of the bank’s general administration in Baghdad, for a company to establish a cement plant in Najaf without adequate guarantees.

It is noteworthy that in June 2016, the commission had recovered nearly two million Euros to the state treasury, due to violations committed by the bank in granting facilities to a private company of preparing meat and poultry.