By John Lee.
The Iraqi Cabinet has agreed to double the capital of state-owned Trade Bank of Iraq (TBI) to one trillion Iraqi dinars [$858 million], according to a report from Bloomberg
Baghdad-based TBI is under investigation for alleged irregularities, and an arrest warrant has been issued for its former president and chairman, Hussein al-Uzri. He has since been replaced by Hamdiya Al-Jaf [Hamida al-Jaf].
In a Reuters interview, Uzri said the allegations were fabricated and called himself a victim of a power grab by people close to Maliki.
(Source: Bloomberg)
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