Financial Times FT.com

Turkmen exiles seek Deutsche probe

By Hugh Williamson in Berlin and Isabel Gorst in Moscow

Published: December 22 2006 19:58 | Last updated: December 22 2006 19:58

Deutsche Bank, the German bank, was on Friday under pressure over claims it was holding billions of dollars in accounts formerly controlled by Saparmurat Niyazov, the autocratic president of Turkmenistan who died suddenly on Thursday.

In a document obtained by the Financial Times, the German bank is shown to hold an account for a $1.68bn Turkmenistan government contract, signed in 2001, to export gas to Ukraine.

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