VOL. XLVI
No 40
06-October-2003
SYRIA
REGIONAL BANKING
Syrian Authorities Freeze Assets Of Former Industry Minister
The Syrian Finance Minister Muhammad al-Husain has frozen the assets of former Industry Minister 'Isam al-Za'im and his wife until he pays the sum of S862mn ($19mn) jointly with a number of other named officials. The figure represents the amount paid to the state by a German company Pico Trading to guarantee a project to expand the Latakia Spinning Mill. The decision to freeze Dr...
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