The Palestinian parliament fired the head of the Palestinian Monetary Authority on Wednesday after an investigation showed he allegedly was involved in corruption and mismanagement.
Amin Haddad was the first high-ranking Palestinian official dismissed by the parliament for corruption, The AP reported.
The monetary authority monitors the flow of money in the Bank of Palestine, and a parliament investigation found the bank's losses rose from $11 million to $34 million in three years.
The Palestinian Authority assumed control over the private bank after the initial $11 million loss.
Members of parliament asked Palestinian leader Yasser Arafat to appoint a replacement for Haddad within two weeks. (menareport.com)
© 2004 Mena Report (www.menareport.com )