Kyrgyzstan’s central bank governor, Ulan Sarbanov, has been placed under house arrest in the course of a government investigation into funds he transferred to the previous president, Askar Akayev, in 1999.
Sarbanov’s position has been shaky ever since Akayev was swept from power in the Tulip Revolution in March this year, and a group led by Kurmanbek Bakiyev seized power. Within days, politicians close to Bakiyev were pressing for Sarbanov to be fired.
Sarbanov has been instrumental in opening up the country’s banking sector to foreign competitors, particularly Kazakh banks.
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