New Case Of Fraud At Jordanian Bank
Another case of fraud was reported at a Jordanian bank, according to the Saudi daily al-Watan of 3 November. Philadelphia Investment Bank, one of the smaller banks in Jordan, is said to have been exposed to a bad debt to the tune of $115mn by extending credit to Iraqi, Jordanian and Palestinian traders. Embezzlement of funds and corruption were first detected in mid-2002 at the bank but these were...
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