VOL. XXX

NO. 24

23-MARCH-1987

Financial and Banking News

REGIONAL BANKING

Former AMF Management Convicted of Fraud

The former senior management team at the Abu Dhabi-based Arab Monetary Fund (AMF)was last week convicted and sentenced by a local court on a wide variety ofcharges involving embezzlement and fraud. The l9-month trial resulted in heavyprison terms and fines for the former AMF President, Mr. Jawad Hashing andthree principle associates, Mr. Salih Bahr al'Ulum, formerly head of the AMF...