Central Bank Official Arrested over Bond Trading

By John Lee.

A central bank manager in the Kurdistan region has reportedly been arrested as part of a probe into an alleged illegal bond trading scheme.

Reuters reports that the scheme may have cost the KRG more than one billion dollars.

Adham Karim, the head of the Central Bank of Iraq (CBI) in Erbil, and his deputy, are being investigated in relation to the alleged illicit trade of bonds that the government had given to contractors.

(Source: Reuters)

(Court image via Shutterstock)

5 Responses to Central Bank Official Arrested over Bond Trading

  1. Ibn Al Iraq 17th April 2016 at 08:57 #

    Dear Sir,

    All I can say they are a bunch of thieves and traitors with no dignity!

    In God we trust whom will punish all those who abused Iraq and the Iraqies.

    Thank you

    Ibn Al Iraq