VOL. XXXII

NO. 47

28 AUGUST 1989

Financial and Banking News

BUDGETS AND REVENUES

Former Chief of Petra Bank May Be Prosecuted

Mr. Ahmad Chalabi, the former chief executive and controlling shareholderof Jordan's second largest bank, Petra Bank, has apparently left the countryillegally, and according to the National Economic Security Committee, legalaction may be taken against him after his bank's accounts have been scrutinized.The chief dealer at Petra Bank, Mr. 'Ali Sarraf, has been barred from...