CBI prosecutes MP for misleading

“One of the MPs said during a television interview that CBI has deposited, a billion dollar with an interest rate of 3% in three Arab banks,” CBI said in a statement received by “Shafaq News”.

“The MP is not well informed on what’s going, as the mechanism adopted at the bank is depositing in central banks only in countries that have more than good rating credit, this decision is performed by the Bank’s administration broad”.

“This misguided talk is used to confront the Bank's policy in getting rid of the corruptors and defending serious bankers in building the economy of Iraq”.

“Confusing the public information does not represent an abuse to the central bank and the banking system only, but also to the system of the national effort to build the institutions, support the economy and weakens confidence in any decisions and mechanisms that can be pursued by the state,” The statement noted.

CBI is a group of specialized committees to combat money laundering, crime funds and the financing of terrorism, Iraqi Anti-Money Laundering Act of 2004 has established supervisory procedures to institutions, particularly banking ones.