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Corruption within Yemeni Legiimacy and the Central Bank of Yemen

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    Belowis all translated and names especially seem to vary in spelling.

    Higher Economic Committee Chairman Hafez Muayad resigned from his post aschairman of the Committee following a dispute between him and Yemeni PrimeMinister Dr. Moeen Abdul Malik, and the Central Bank of Yemen

    Source:
    http://aden24.net/?p=7628
    translation
    https://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Faden24.net%2F%3Fp%3D7628&sandbox=1




    https://hotcopper.com.au/data/attachments/1419/1419154-33c1a177ea3408a69b522979f70085dd.jpg
    Left to right, Central Bank of Yemen Governor Mohammed Zemmam, Yemeni Prime Minister Dr. Moeen Abdul Malik and Higher Economic Committee Chairman Hafez Muayad

    News

    Did Mawadit (Muayad) really resignafter threatening to arrest him?

     

    3 days ago

    Aden 24 Special

     

    A more foggy scene is looming,today, in which observers wonder why Madiad (Muayad) has begun to reveal themoneylenders at this time and after a long and suspicious silence, which putsspeculation that this timing in contrast to his agreement was shared amongthem, but it is a situation without the other party.  From an investigation, to initiate the discovery of the facts applying the proverb (when different thieves reveal themselves).

     

    The sources revealed that the headof the Higher Economic Committee Hafez Muayad resigned from his post aschairman of the Committee following a dispute between him and Yemeni PrimeMinister Dr. Moeen Abdul Malik, and the Central Bank of Yemen, against thebackdrop of corruption and looting by the legitimate government foreshadowingthe collapse of the local currency after a temporary recovery a few days ago.

     

    "Sources close to the head ofthe Economic Committee, Muayad, that he left the capital Aden on Mondayevening, after a serious dispute with the Prime Minister and the Central Bankadministration as a result of corruption and looting by the government andleaders and officials of legitimacy.

     

    The differences between the two partiesbegan as a result of the publication of a "preamble" of largecorruption scandals, led by the Yemeni prime minister and officials of hisgovernment and with the complicity of the Central Bank's administrationrepresented by the bank's governor Mohammed Zemmam. This confirms thatthe committee chairman knew that there was looting of public funds Providedwith a financial deposit by the brothers in the coalition countries.

     

    Sources confirmed that the departureof "Maayad" came after threats from the Prime Minister to arrest himif he published corruption documents involving the Prime Minister and officialsof legitimacy, including the disbursement of huge sums to President Hadi's sonwithout any status and under the terms of government expenditure.

     

    "According to the sourcesrevealed the largest corruption scandal belonging to the Saudi depositestimated at 9 billion riyals exchange between the price of the riyal announcedby the bank and speculation in less than a month.

     

    According to documents published by"Muayad" attached in a leaflet with his Facebook page, revealedmanipulation of the leadership of the Central Bank at the exchange rate ofYemeni riyals against foreign currencies, estimated at 9 billion Yemeni riyals.

     

    A preview of the documents andreports of the economic committee he heads included the manipulation of riyalprices and speculation in currencies over the past period.

    On Monday, Yemen's national currencywitnessed a major collapse due to disagreements and remittances in dollars bythe government of Abdul Malik and the administration of the Central Bank ofYemen, the most prominent of which were the salaries of Yemeni governmentofficials and officials who the prime minister insisted on converting them todollars to the headquarters of those officials, ambassadors and agents.

     

    The salaries of officials in thelegitimacy of more than 170 million dollars paid by the Central Bank of Yemen,which suffers from lack of cash reserves in hard currency.

     

    Thesedevelopments come at a time when the war grinds people and exhausts the peopleand burdens him with a lot of suffering in the money and the sleeper on theostrich feathers are busy stealing public money and exchanging accusationsamong themselves as well as every vessel, including expelling haram in haram

 
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