The Supreme Enemy of Defilement Commission proclaimed Tuesday it returned one billion dinars to the state depositary. This makes sense, as part of the total amount pertained due to the violation by the Service of Trade, which opened an account in a private bank without permission.
The Public Authority Media and Correspondences Office explained in a statement, “In implementation of the top of the power’s orders to continue follow-up for the recovery of everything, the authority had the capability to recover an amount of one billion dinars from the Unified Venture Bank to the Service of Exchange – Product Backing Asset under instrument number given by Rashid Bank on 7/11/2024, which is 0018732.” They further explained, “The total amounts recovered for this case summed up to 22 billion dinars.”
He also added, “The Export Support Fund put sixty-nine billion dinars into the United Investment Bank, which was contrary to the controls and instructions of the Central Bank.” Involving the amounts from the bank, it emerged that they did not have any money since the bank officials had given them to them. It was further observed that “the Power’s methods resulted in the arrest of the former Chief General of the Product Backing Asset Division at the Service of Trade and other respondents.”
