PB
Key Facts
Type
Court Case
Sector
Not specified
Industry
Not specified
Status
Draft
Country
Not specified
Also Known As
Petra Bank CasePetra Bank ScandalPetra Fraud Case
Tags
No tags
Overall Confidence
95%
Internal Notes
No notes
Key Information
Positions
No positions added
Case Number
Not specified
Court
Not specified
Jurisdiction
Not specified
Filing Date
Not specified
Case Status
Not specified
Case Type
Not specified
Plaintiffs
No plaintiffs listed
Defendants
No defendants listed
About
Jordanian military tribunal case resulting in Chalabi's 1992 conviction in absentia for embezzlement and fraud in connection with Petra Bank's 1989 collapse.
Key Relationships
Ahmad Chalabi
convicted
In 1992, a Jordanian military tribunal convicted Chalabi in absentia on 31 charges of embezzlement, theft, misuse of depositor funds, and currency speculation. He was sentenced to 22 years of hard labor. The bank's assets were overstated by approximately $300 million. Chalabi maintained the charges were politically motivated by Saddam Hussein's influence over Jordan's King Hussein. In 1999, Jordan's King Abdullah upheld the conviction despite U.S. lobbying. Chalabi never returned to Jordan.
Since 1989