Dr. Haddad was kind enough to give me your name as the person who might be able to help me answer a question I have concerning the operation of certain banks in Iraq in the 1950's. We were presently researching, on behalf of some of our clients, whether Rafidain Bank, Rasheed Bank, and Ottoman Bank were owned by British parent companies in the 1950's and if, in fact, those banks transferred monies from Baghdad to London prior to 156.

Is there any assistance you could provide us in answering these questions? Any help would be greatly appreciated. Thank you in advance for your response.

Very truly yours,

Michael D. Hausfeld

 

N. E. Dangoor:

Rafidain Bank was never owned by a British company - It is an Iraq government bank.

Rasheed Bank - there was no bank of that name

Ottoman Bank was a subsidiary of the British parent.

As to the workings of banks, we have no knowledge.

 

Thanks so very much for your assistance in that matter. We are very very appriciative that you took the time to answer our questions.

Michael D. Hausfeld, Esq.