Bankruptcy of Aden Bank sparks new conflict between pro-coalition government, STC

ADEN, April 22 (YPA) – The UAE-backed Southern Transitional Council (STC) accused the government loyal to Saudi-led coalition of causing bankruptcy of the Central Bank of Aden from foreign financial liquidity.

According to pro-coalition media, the race to loot funds contributed to the depletion of foreign currency liquidity, especially the US dollar and the Saudi riyal, which led to a new escalation of the conflict between the STC and the pro-coalition government headed by Maeen Abdul-Malik.

Pro-STC’s Aden Independent Channel (AIC TV), published last Tuesday, information revealed a resounding financial scandal for Maeen Abdul-Malik and the leadership of the central bank of Aden.

The channel accused pro-coalition government and bank of Aden of borrowing a sum of one million Saudi riyals from a private bank in favor of paying salaries and allowances to Maeen Abdul- Malik and employees of the Council of Ministers without paying the pro-STC ministers.

E.M