VOL. XLV

No 9

4-March-2002

JORDAN

Jordans Banking Scandal GrowsWider

Jordans banking scandal whichmay cost the banking sector up to $100mn continues to draw new politicians andbusinessmen as well as banking staff into the official investigation process,although the exact details of its financial impact, or the nature of the fraud,remain unclear. Several weeks after the head of Global Business (GB), MajdShamayilah, was reported to have left the country leaving corporate debt unpaidand burgeoning...