Tyranny and double talk
Financial Times of London reported on May 9 that the Deutche Bank admit the existence of Turkmenistan accounts.
The German bank for the first time admit athat it has been managing the funds in the centarl bank of Trukemenisatan for more than a decade.
Aleged role of Germany’s largest bank in the gas-rich central Asian country under the tyranny of the dictatorial presidency, should harshily be criticized.
The news report says that the German Bank still holds the accounts.
Former President Nyazov died last December tuthlessly oppressed any peaceful activities of dissent in the country, and the dreams of true independence and democracy was totally discarded after being liberated from the collapsed Soviet Union.
Deutsche Bank had, in effect, supported the Niyazov regime and had thereby broken commitments to maintaining human rights standards as part of its membership of the Global Compact, a United Nations corporate responsibility initiative. It was as if colonial double standards executed by superficially respectable banking institution. German bank secretly operated for the dictatorship and for the oppression in the country.
Again the market fundamentalist in Germany helped the Dictatorship or tyranny in the oil and gas rich Centaral Asia while discarding the hopes of general populace after the separation from the oppressive regime of Soviet influence.
The money should be returned immediately for the sake of the Turkmenistan citizens.
Fair distribution of wealth again promises the future prosperity of the country. If the region can be stabilized it can seriously contribute to the peace worldwide.
Now German banks assets are disclosed but there may be some possibilities other banking institution may hold the dictator's accounts and defunct central bank's accounts. International organization possibly global watchdogs should throughly investigate the illegitimate accounts overseas.