Baghdad The Minister of Oil and Acting Minister of Finance Ihsan Abdul-Jabbar announced that no less than 800 million dollars were illegally withdrawn from the Rafidain Bank.
Abdul-Jabbar said in a televised statement: “The Integrity Commission has started investigations with the money that was withdrawn from the Rafidain Bank.”
He added, “What the former Finance Minister said in his resignation letter applies to tax departments.”
He continued: “There are big differences in the contracts and quantities of extraction in the region’s oil fields, adding that the Federal Court’s decision on the oil and gas law in the region is very fair, explaining that the net return to the state treasury from the region’s oil does not exceed 40 percent.”
He stated, that the decision of the Federal Court regarding the National Oil Company was surprising, noting that the decision of the Federal Court challenged the legal effect of the position of the head of the National Oil Company.
He said: “All the cases that were brought against me were closed by the judiciary due to the lack of evidence.
Source: National Iraqi News Agency