Iraqi loan investigation: Federal Reserve revives BNL inquiry
Article Abstract:
The Federal Reserve has reopened its investigation of Banca Nazionale de Lavore (BNL) to determine if the bank broke any US banking laws when its Atlanta, GA, branch issued over $4 billion worth of secret loans to Iraq. Representatives of BNL in Italy denied involvement in the loans.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
Finance, Investigations, Federal Reserve banks, Iraq, Banca Nazionale del Lavoro
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
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GAO, OMB cite widespread waste in federal contracts
Article Abstract:
Comptroller General Charles A. Bowsher told Pres-elect Clinton that the government was losing billions of dollars per year due to ineffective auditing procedures and poor financial management.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
Economic aspects, Reports, Government spending policy, Public contracts, Government contracts
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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