CoI’s Office of Investigation revealed the issuance of a default sentence against the former director of Al-Rasheed Bank - Ramadi branch, pointing out that the Anbar Criminal Court sentenced the defendant to a rigorous imprisonment under the provisions of Article 340 of the Penal Code, for causing waste of public money.
The Office, while explaining the details of the case investigated by CoI, indicated that the accused manipulated the nominal salaries of the employees of the Anbar Police Directorate to raise the loans granted to them, indicating that the defendant spent an amount of (11.559.522.190) billion dinars within two only days and without credit from the General Administration of the Bank.
It added that the investigations led to that some of the names - that were granted loans other than the affiliates of the Ministry of Interior - were duplicate and received loans more than once, as well as the existence of fraud in the documents provided by borrowers and the authenticity of their publications.
The court, after reviewing the statements of the legal representative of Al-Rashid Bank - General Administration, Administrative Investigation conducted by the Office of the Inspector General of the Ministry of Finance and the Anbar Police Directorate as well as the confessions of the accused, reached the sufficient conviction to criminalize him for causing damage to the party he works for.
The judgment included granting the affected party the right to seek compensation before the civil courts after the judgment becomes irrevocable.
