AsiaCell to Bankrupt Warka Bank?

Iraq Business News has received information suggesting that AsiaCell is suing Warka Bank for the return of funds amounting to around 29 billion Iraqi dinars [$25 million].

According to one source, this could be enough to do serious damage to Warka.

While the full picture is still not entirely clear, we are attaching an official original announcement in Arabic, together with an un-official translation in English. Please note that this translation is given in good faith, and Iraq Business News takes no responsibility for any errors or omissions.

Please click here to download the Arabic version;

and here to download the English version.

3 Responses to AsiaCell to Bankrupt Warka Bank?

  1. Andy April 5, 2011 at 4:42 am #

    Any bankers have any input on this? Do small bank account holders need to worry about this?

  2. […] the article here:  LINK Posted in Uncategorized | Tags: Iraqi […]

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