NO. 17


Financial and Banking News

Regional Banking

Jordanian Court Orders Ahmad Chalabi To Pay $177Mn In Fines

Mr. Ahmad Chalabi, the founder and former general manager of the now defunctPetra Bank, has been ordered by a Jordanian civilian court to pay $177mn infines for his part in the bank's collapse in 1989. The court convicted Mr.Chalabi on 31 counts. Six other charges remain outstanding. In 1992 Mr. Chalabiwas sentenced by a military court to 32 years in prison and...