Jordan Freezes Assets of three Brothers for $77m Bank Debt

Published July 3rd, 2000 - 02:00 GMT

The Jordanian authorities have placed under sequester the assets of three Jordanian brothers who allegedly owe a Dubai bank 77 million dollars, judicial officials said on Monday, reported AFP. 

The decision to freeze the assets was in response to a request by the Standard Chartered Bank in Dubai, in the United Arab Emirates, they said. 

Lawyers for the bank filed a suit with an Amman court in June claiming that the three brothers, who work as agents for German luxury cars, were incapable of reimbursing the bank the money by April 30th. 

The identity of the men has not been disclosed but they are believed to run several trade and industrial firms in Amman,, said AFP. 

However, Jordanian press said in reports Monday that the three brothers belong to Shahin family, which owns a number of companies -- (Several Sources) 

 

© 2000 Al Bawaba (www.albawaba.com)

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