Raise the custody of the assets of Rafidain and Rasheed abroad, which exceeds the value of 11 million dollars

  In Iraq International Affairs 

 

The Ministry of Justice announced on Thursday the issue of lifting the seizure of the assets of Rafidain and Rashid banks with foreign banks worth more than 11 million dollars.
The director of the legal department of the ministry, Raad Khalil, said in a statement received by “Economy News” a copy, that “the department of foreign lawsuits in the department succeeded in lifting the seizure of Iraqi funds belonging to Rafidain and Rashid banks in France (BNP Paribas and Natixis) Dutch for City Bank, “explaining that” the value of $ 11 million.”

The Director General of the Department said that “the lawyer appointed by the Ministry to plead for the case received a decision from the French Supreme Court (Court of Cassation) to overturn the decision of the Court of Appeal issued on 4/2/2014, which requires that the bank Rafidain and Rashid pay money to Citi Bank ) And return the case to the Court of Appeal and authorize the Rafidain Bank and Rashid to file an appeal against the decision before the Supreme Court.

Khalil said that “a decision was issued to lift the seizure of funds in the (BNP Paribas), belonging to Rafidain and Rashid,” pointing to “the continuation of the Department to follow up with the lawyer and the parties concerned.”

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