VOL. XXXII

NO. 52

2-OCTOBER-1989

Financial and Banking News

REGIONAL BANKING

Chalabi Attempts Exculpation in Petra Affair

Mr. Ahmad Chalabi, the former chief executive of Jordan's Petra Bank who leftJordan last August when his bank was taken over by the authorities, hasattempted to exculpate himself in the affair by calling the London daily Al Hayatwith his version of events.

The substance of Chalabi's remarks is to criticize the attitude taken bythe Central Bank of Jordan and the supervisory...