VOL. XXXIII
NO. 1
9-OCTOBER-1989
Financial and Banking News
Regional Banking
Central Bank of Jordan Finds Embezzlement at Petra Bank
The Governor of the Central Bank of Jordan, Dr. Muhamad Sa'id al-Nabulsi, hasindicated that the Jordanian authorities now have evidence of large scale fraudand embezzlement at Petra Bank. According to Dr. Nabulsi, the takeover ofPetra Bank in early August (MEES, 14 August) was based on a Central Bank reportshowing that Petra had breached lending limits, opened...
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