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[casi] Israeli-Kurdish land grab in Northern Iraq?

Israeli-Kurdish land grab in Northern Iraq?



Turkey responds to activities of Jewish backed Kurdish Credit Bank with
Ziraat Bank


ISTANBUL - The Turkish government will take precautions against an increase
in banking activities and the purchase of land in northern Iraq. The Turkish
government plans to respond to activities of "Kurdish Credit Bank" which
grants loans to Kurdish people to purchase land belonging to the Arab and
Turkmen people in northern Iraq, by opening a branch of the Turkish
state-owned Ziraat Bank in the region.

The Iraqi Turkmen Front (ITC) Ankara Representative Ahmet Muratli said that
they have discovered that Israel was behind these banking activities in the
region. He said he immediately informed the Turkish government about these
activities several months ago and as a result they persuaded state-owned
Ziraat Bank to become active in the region.

Muratli said that northern Iraq has great importance in terms of both
potential commercial and strategic importance and they applied to the
Turkish Foreign Ministry and Turkish Treasury to establish a branch of the
Turkish owned bank.

Muratli said, "Everyone wants Ziraat Bank or another Turkish bank in the
region. Kurdish, Arab and Turkmen businessmen personally conveyed their
demands to Turkish officials in Ankara."

'Purchasing land in Mosul is encouraged'
Iraq is an oil rich region and has the second largest oil reserves in the
world. Northern Iraq produces approximately 70 percent of all Iraqi's oil
reserves. The Kurdish Credit Bank has subsequently caused worries among the
Turkmen and Arab people.

Muratli said the Kurdish Credit Bank is centered in the city of Suleymaniya
in northern Iraq and the Bank was established through the assistance of
Massoud Barzani, head of the Kurdistan Democratic Party and Jalal Talabani,
head of the Patriotic Union of Kurdistan Party. Muratli said they discovered
after exhaustive research that Israel was behind the creation of the Kurdish
Credit Bank.

Muratli said, "Kurdish groups at first wanted to seize the homes and
property of Turkmen and Arab people, who form a majority in the Mosul and
Kerkuk regions, by force. When the Kurdish groups were not successful in
their efforts, they wanted to purchase these homes and property by paying
for it. When we talked with Arab tribes, they said that Jewish Kurds and
Israelis began to purchase property. The Jewish Kurds and Jewish Arabs, who
have obtained long term and interest-free loans from the Kurdish Credit
Bank, began to purchase property, which was allegedly their property in the
past. We are following the developments very closely."

Investment-Development Banking needs specialization and Kurds are not
specialized in this area

Experts on the Kurds in northern Iraq and the Middle East said that Kurdish
groups, who do not have experience in banking, are certainly assisted by
some unidentified groups.

A former Department Head at the Turkish National Intelligence Organization
(MIT), Mahir Kaynak said, "It is certainly necessary for Kurds in northern
Iraq to receive asistance from foreign countries. It is necessary to
establish a bank in the region in order to carry out daily banking
transactions and Turkey must act urgently in this field."

Kaynak said that investment-development banks have a wide experience in this
field and Kurdish groups can establish such a bank with the help of Jewish
businessmen, who are very powerful in world financial markets.

The General Manager and Chief Executive Officer of Ziraat Bank, Can Akin
Caglar said they were researching the new banking laws of the Iraqi Interim
Governing Council very closely. He said Ziraat Bank has been continuing
discussions with Iraqi officials to open a branch in Iraq as a private bank.
Caglar said, "We will determine in time which path we will follow. We
continue to be interested in this country and I hope that we have positive

Cihan News Agency

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