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Cases

Prosecution of Central Bank governor Sinan al-Shabibi and deputy Mudhir Salih over the dollar auction (from 2012 to 2015)

In October 2012, after a parliamentary committee alleged large-scale leakage of dollars through the Central Bank of Iraq auction, the government removed central bank governor Sinan al-Shabibi and the Supreme Judicial Council announced arrest warrants against him and other officials. Shabibi was abroad (the central bank said he was at a conference in Tokyo). In April 2013 the parliamentary integrity committee said the investigating court had found no link between the central bank leadership and the waste identified; nevertheless in September 2014 a court reportedly sentenced Shabibi in absentia to 7 years. In December 2014 a Rusafa court acquitted deputy governor Mudhir Muhammad Salih for insufficient evidence, and in January 2015 the parliamentary integrity committee chair said the appeals court had retried the central bank case in Shabibi's presence and released him because the evidence of innocence was stronger. Shabibi died in January 2022.

Period
From October 2012 to January 2015
Sector
Banking, currency and dollar auctionCentral Bank of Iraq leadership / auction oversight
Kind of case
Criminal prosecution
Jurisdiction
Federal Iraq

How the money moved

The case concerned alleged failures of Central Bank of Iraq oversight of the dollar auction (sales against forged import documents); critics described the prosecution as politically motivated after Shabibi resisted government demands on central bank reserves (according to parliamentary committee members quoted by DW).

What happened

Charges against the Central Bank of Iraq leadership collapsed (from 2014 to 2015). No official accounting of the auction leakage alleged in 2012 was published; some bank employees were reported convicted over forged invoices (parliamentary statement, January 2015).

Open questions

  • Which bank employees or banks were convicted for forged invoices (from 2014 to 2015)?

People and companies

The table lists everyone this case names, with their legal status on the date shown. A status in this case does not carry over to any other case, and an accusation is not a conviction. How to read the status.
People and companies
NameRole in the caseLegal statusDetailAs of
Sinan al-Shabibi
سنان الشبيبي
Central Bank of Iraq Governor (from September 2003 to October 2012)AcquittedArrest warrant announced 19 October 2012; reported in-absentia sentence of 7 years (4 September 2014, Alsumaria citing a source); retried and released, evidence of innocence judged stronger (according to parliamentary integrity committee chair, 18 January 2015). Died January 2022.25 September 2026
Mudhir Muhammad Salih
مظهر محمد صالح
Central Bank of Iraq Deputy Governor (later PM's financial adviser)AcquittedAcquitted of all charges by the Rusafa misdemeanour court on 14 December 2014 for lack of sufficient evidence.25 September 2026

Sources

These are the documents on which this case rests. Each quote is given in the language of the document.
  1. Alsumaria News (press conference of parliamentary integrity committee chair Talal al-Zobaie)18 January 2015Press reportTier C

    النزاهة النيابية: إعادة الحكم في قضية البنك المركزي وأدلة براءة الشبيبي اقوى من الاتهامات

    بحضور محافظ البنك السابق سنان الشبيبي الذي تم الافراج عنه لان أدلة البراءة كانت أقوى من أدلة الاتهام
    Original
  2. Deutsche Welle Arabic12 April 2013Press reportTier D

    البنك المركزي العراقي : براءة الشبيبي

    أبطلت لجنة النزاهة في مجلس النواب العراقي جميع التهم الموجهة ضد الشبيبي
    Original
  3. Alsumaria News4 September 2014Press reportTier D

    الحكم على محافظ البنك المركزي السابق سنان الشبيبي بالسجن سبع سنوات

    اصدر حكماً بالسجن سبع سنوات بحق محافظ البنك المركزي السابق سنان الشبيبي
    Original
  4. Alsumaria News14 December 2014Press reportTier D

    تبرئة نائب محافظ البنك المركزي السابق مظهر محمد صالح من التهم الموجهة اليه

    قضت محكمة جنح الرصافة في بغداد، الأحد، بتبرئة نائب محافظ البنك المركزي السابق مظهر محمد صالح من جميع التهم الموجهة إليه
    Original