IMF is in serious denial about Russia?

DANIEL.DAVIES at flemings.com DANIEL.DAVIES at flemings.com
Thu Sep 2 08:52:05 PDT 1999


check it out

(by the way, it's been a pretty poor week all round for big finance. BONY is up to its eyeballs in an inquiry into Russian money-laundering, HSBC is getting the probe for crooked dealings in the Japanese arm of its American subsidiary, and B of A filed a report with the SEC which suggests to some that they have a chunky unrealised loss on the swaps book. hey ho).
:

WASHINGTON, Sept 2 (Reuters) - The International Monetary Fund, repeating its defense against reports that its money had been caught up in a massive Russian money laundering scandal, said on Thursday it had no evidence of this.

IMF External Affairs director Thomas Dawson told a news briefing that the IMF wanted for safeguards on Russia's use of IMF cash and would wait for "input" from a new report from auditors PriceWaterhouse Coopers before deciding whether to pay further installments from an existing $4.5 billion loan.

For related news, double click on one of the following codes: [E] [U] [D] [T] [NAT] [M] [MNI] [C] [GRO] [SOF] [MTL] [US] [WASH] [IMF] [RU] [EEU] [EUROPE] [FRX] [DBT] [BNK] [FIN] [CRIM] [LEN] [RTRS] [GRA] [LIV] [USDA]

Thursday, 2 September 1999 15:00:03 RTRS [nWBT005911] MORE

dd

PS Curtiss wrote:

I agree, and just to add my $0.02US (what is that in the IMF's funny

money, I wonder)

about SDR 0.014560704 as of 1550GMT. Less a bid-ask spread & some commission, I guess

___________________________________________________________________________

_____

---------------------------------------------------------

This email is confidential to the ordinary user of the

e-mail address to which it was addressed. If you are not

the intended recipient, please notify the sender

IMMEDIATELY on (44) 171 638 5858 and delete the message

from all locations in your computer. You should not copy

this email or use it for any purpose, or disclose its

contents to any person : to do so may be unlawful.

Email is an informal method of communication and is

subject to possible data corruption, either accidentally

or on purpose. Flemings is unable to exercise control

over the content of information contained in

transmissions made via the Internet. For these reasons

it will normally be inappropriate to rely on information

contained on email without obtaining written confirmation

of it.

----------------------------------------------------------



More information about the lbo-talk mailing list