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Yemeni PM criticizes UN report on central bank corruption

Yemen’s Prime Minister Maeen Abdul Malik Saeed on Monday criticized a UN report accusing the country’s central bank of corruption.

Saeed said that the methodology for the report was wrong and that a Saudi deposit of $2 billion into the central bank in Aden had “greatly alleviated the humanitarian crisis” in the country.

In its report last week to the UN Security Council, the Panel of Experts on Yemen found that the central bank had helped a group of Yemeni traders make $423 million in profits from “a sophisticated money-laundering scheme of the Saudi deposit” and manipulating foreign exchange rules.

Saeed told reporters at a press conference in Aden that his government had reservations about the report’s accusations and that they were cooperating with international auditors who would examine the central bank’s financial activities, mainly with regards to the Saudi deposit.

“The government’s principle is absolute transparency,” he added. “We have reservations about the conclusions of the report.”


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