Iraq, Lebanon Unveils Banks' Scamming Network

Published July 31st, 2018 - 07:35 GMT
Iraq’s intelligence service and Lebanon’s General Security unveiled a scam network that spreads false information about several Lebanese banks and blackmails them. (Shutterstock)
Iraq’s intelligence service and Lebanon’s General Security unveiled a scam network that spreads false information about several Lebanese banks and blackmails them. (Shutterstock)

Iraq’s intelligence service and Lebanon’s General Security unveiled a scam network that spreads false information about several Lebanese banks and blackmails them, a statement from the Iraqi intelligence said Monday.

The statement added that the network, some of whose members were arrested, was discovered in coordination between the Iraqi National Intelligence Service and General Security.

The released information came after General Security head Maj. Gen. Abbas Ibrahim last week traveled briefly to Iraq, though the details of the trip weren’t disclosed at the time.

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According to the statement, the network’s members claimed they were filing lawsuits against some of these banks. The statement noted that Bank Audi was the latest victim of this fraud attempt.

“The INIS and General Security were able to discover a scam network whose members spread incorrect and fake news with the aim of blackmailing a number of Lebanese banks, claiming that [the network’s members] own documents that shows them having balances worth millions of dollars in these banks,” the statement said.

The statement did not indicate the nationalities of the network's members or whether they only targeted Lebanese banks with branches in Iraq. It added that work is in progress to arrest others involved in the network.

"[This investigation] is a continuation of the efforts related to protecting the economies of both countries and the special mutual relationship between the two," the statement said.


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