Word: saleh
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...most significant developments in the U.S. prosecution of the global financial scandal involving the Bank of Credit & Commerce International, the former chief executive of the bank, Saleh Naqvi, pleaded guilty to broad federal charges including fraud...
...Dhabi court convicted 12 former top executives of the collapsed Bank of Credit & Commerce International on criminal charges of fraud and mismanagement in one of the world's largest financial scandals. The three key defendants, though, were convicted in absentia: Agha Hassan Abedi, the B.C.C.I. founder; Mohamed Saleh Naqvi, the empire's former chief executive; and Ziauddin Ali Akbar, the bank's former treasurer. The court also ordered the group of 12 to pay $9.13 billion in restitution to Abu Dhabi's government and ruling family, which held a 77.4% stake in B.C.C.I...
...collapse of Soviet patronage in South Yemen spurred a merger in May 1990. But the leader of the North, President Ali Abdullah Saleh, and the leader of the South, Vice President Ali Salem al-Beidh, bickered incessantly. They refused to completely merge their armies or their economies, and never built up any trust. "The power plays got to a point of no return," says Judith Kipper, guest scholar at the Brookings Institution...
Friction intensified after last year's parliamentary elections, when Saleh awarded 21 of 31 Cabinet seats to his own party and a fundamentalist group from the North. Two months after the fundamentalist leader demanded the repeal of socialist-sponsored legislation last June, Al-Beidh angrily left San'a for the South and never returned...
...attempt at reconciliation three months ago, brokered by Jordan, collapsed, and clashes quickly erupted between Northern and Southern army troops. Al-Beidh accused Saleh of siphoning off oil revenues from a newly opened field in a Southern province. While Yemen remains one of the Arab world's poorest and most populous states, the discovery of oil 10 years ago gave both North and South hope that their 14 million people would no longer be dependent on the largesse of their wealthy neighbors. Until the Gulf War, Yemen relied on money sent home by millions of Yemenis in the oil sheikdoms...