Al-Dabbagh: the Government warns citizens from fake financial investment companies


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Al-Dabbagh: the Government warns citizens from fake financial investment companies

Date: October 26^th, 2008

Dr. Ali Al-Dabbagh the Official Iraqi Government Spokesman, warned citizens of fake financial companies claiming to achieve quick high profits through capital investment by monthly payment to participants.

Al-Dabbagh affirmed that the security agencies are investigating a number of owners of such companies engaged in an unlicensed activity in Iraq, and deceive capital owners Capital with unrealistic promises that can be classified under the category of financial swindling and deception. The Central Bank of Iraq has warned citizens from dealing with such fictitious companies so as to protect their money and savings.

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