CoI investigation office mentioned that it recovered almost one
billion dinars to the state treasury, indicating that its investigative actions
led to recover amounts to the state treasury was paid under electronic clearing
(unlike the bank instructions).
The office explained that the investigations in the two cases
concerning paying amounts of two checks through Rafidain bank led to the
recovery of the checks amounts through paying back the amount of the first
check (731400000) IQD and the amount of the second check (129000000)IQD by the
accused (O. L. K).
From its part, Rafidain bank confirmed the payment of the first
defendant the checks amounts, where the bank informed CoI through two official
letters that the amount of the two checks has been paid back in full by the
The defendant (O.K.L) drafted two uncovered checks for the benefit
of two customers of two private banks where they withdraw the amount of the two
checks by manipulation of the electronic clearing procedures. End