BREAKING NEWS

Former Iraqi central bank chief rejects graft charges

By REUTERS

NOVEMBER 11, 2012 02:04

BAGHDAD - The former governor of Iraq's central bank on Saturday denied parliamentary charges of corruption on Saturday, saying he was the victim of a government campaign to try and control the autonomous bank's foreign reserves.

Iraq's cabinet last month ousted Sinan al-Shibibi after a parliamentary investigation into central bank officials accused of abusing the bank's dollar auctions.

Local authorities have issued arrest warrants for Shibibi, who has left the country, and other bank officials, a decision that has heightened investor concerns Prime Minister Nuri al-Maliki's government is interfering with the bank's autonomy.

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