VOL. XLV

No 8

25-February-2002

JORDAN

Investigations Begin As Jordan Seeks To Contain Damage InBad Loan Case

Jordan last week froze the assetsof 55 firms and individuals, including bankers, businessmen, politicians and anex-intelligence chief, as it started to investigate the multi-million dollarbank loan scandal. The matter had come to light as bank share prices tumbled atthe beginning of this month amid allegations that loans made to Global Business(GB), an 'Amman-based provider of security...