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Article

11 Mar 2009

Author:
Eurasianet

Turkmenistan: German bank complicit in Niyazov’s reign of terror- report

A new report slams a leading German bank for allowing Turkmenistan’s former president, Saparmurat Niyazov, to stash billions of dollars in state earnings in a personally controlled account. The report, titled Undue Diligence, was released… by the watchdog organization Global Witness. It asserted that Deutsche Bank…was complicit in propping up Niyazov’s brutal dictatorship..."Deutsche Bank assisted the late president Niyazov…a notorious human rights abuser, to keep billions of dollars of state gas revenues under his personal control and off the national budget," the report said …"Global Witness has asked Deutsche Bank what happened to the accounts following the death of Niyazov…Deutsche Bank declined to answer."

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