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W/NEWS ...080198 (AP+Reuters)



*Group Calls Cambodia Voting Smooth
*Ex-Khmer Rouge Arrested in Deaths
*Clinton joins chorus of complaints on Japan
*Bangladesh floods kill 242, threaten Dhaka dam
*Deutsche Bank may have known of Nazi gold
----------------------------------------------------------
Group Calls Cambodia Voting Smooth

By ROBIN McDOWELL Associated Press Writer

PHNOM PENH, Cambodia (AP) -- Voting at more than 90 percent of the
country's polling stations ``went smoothly and without incident'' during
recent parliamentary elections, Cambodia's biggest independent observer
group said today. 

The Committee for Free and Fair Elections in Cambodia -- COMFREL -- said
some serious violations had been reported by its observers during
Sunday's polls, but the incidents were scattered and didn't appear to be
part of a larger pattern. 

However, the group expressed serious concern about post-election
violence and intimidation directed against members of opposition
parties. 

The group issued its evaluation today as the country awaited full final
vote results; an election official said today that those figures had
been delayed by efforts to verify them. 

Partial numbers suggest that strongman Hun Sen's party handily beat the
two leading opposition parties. 

A projection by COMFREL gives the ruling Cambodian People's Party 64
seats in the 122-seat National Assembly, the leading opposition group
FUNCINPEC 43 seats, and its ally the Sam Rainsy Party 15 seats. 

The ruling party's projected parliamentary margin increased Friday after
it was revealed that a new, little-known formula -- one that gives an
added boost to the party with the most votes -- would be used to
determine the allocation of seats. 

Opposition parties on Friday repeated their claims that Hun Sen's party
had rigged the ballot.  The FUNCINPEC party of Prince Norodom Ranariddh
and the Sam Rainsy Party issued a joint statement saying they would
accept the election's results ``when and if the serious irregularities
reported'' were shown not to have altered its outcome. 

Scores of opposition party activists from rural areas have taken shelter
in the FUNCINPEC and Sam Rainsy Party headquarters in Phnom Penh after
being threatened by police and local authorities loyal to the Cambodian
People's Party. 

COMFREL director Thun Saray said reports from the provinces of Takeo,
Kampong Cham and Prey Veng said 29 political party activists had been
threatened since the election. 

``These incidents were mostly direct verbal threats
but included other forms of intimidating behavior,'' he said. 

Thun Saray called on the government's National Election Committee to
investigate charges of intimidation and complaints of serious violations
in the voting and vote-counting processes. 

Opposition parties have threatened to boycott the National Assembly if
their complaints were not heeded.  In response, Hun Sen has vowed to
change the constitution if need be. 

Hun Sen deposed Ranariddh as his co-premier in a violent coup a year
ago, dismantling much of his political machine in the process. 
------------------
Ex-Khmer Rouge Arrested in Deaths

By KER MUNTHIT Associated Press Writer

TAKHMAU, Cambodia (AP) -- A former Khmer Rouge general wanted for the
abduction and killing of three Western tourists in 1994 has been
arrested and will stand trial in Phnom Penh, Cambodian leader Hun Sen
said today. 

Nuon Paet led a band of Khmer Rouge guerrillas who halted a train in
1994 and abducted three young Western tourists: David Wilson of
Australia, Mark Slater of Britain and Jean-Michel Braquet of France. 

The guerrillas, holed up on rugged Vine Mountain in the southern
province of Kampot, held three months of negotiations with the
government before allegedly killing their captives.  They were demanding
money, watches, food and other items. 

Toward the end of the negotiations, the government launched an offensive
in the area, further complicating the talks. 

The case has caused considerable controversy, especially in Australia,
because it is believed by some that the Cambodian government mishandled
the negotiations. 

Some critics also claimed that the Phnom Penh government has been aware
of Nuon Paet's whereabouts but had been unwilling to apprehend him. 

``This is a success for our national police,'' Hun
Sen told reporters at his residence after briefing the ambassadors of
France, Britain and Australia about the arrest.  ``We asked those
countries to send lawyers on behalf of those victims for the trial.''

Nuon Paet was detained by criminal police when his car was stopped on
the road from Phnom Penh International Airport to the capital early
today.  He was taken to the Justice Police prison in the center of the
capital. 

``The sooner the trial takes place the better,''
said Hun Sen, who appeared relaxed and happy. 

According to Hun Sen, Nuon Paet had been ``active in the area between
the Thai border and Pailin,'' smuggling cars from Thailand.  Pailin is a
former Khmer Rouge stronghold on Cambodia's western border. 

Sim Theng, a former Khmer Rouge division commander, told The Associated
Press last year that Nuon Paet had disguised himself and attempted to
defect along with the estimated 10,000 guerrillas who have laid down
their arms since August 1996. 

The defections, initiated by high-ranking Khmer Rouge figure Ieng Sary,
crippled the revolutionary movement and has given the country its best
chance for peace in decades. 

The Khmer Rouge seized power in 1975 and killed as many as 2 million
Cambodians in a bid to create a communist agrarian utopia.  It battled
successive central governments after it was overthrown in 1979 by a
Vietnamese invasion. 

At least 10 foreigners have been taken hostage and subsequently killed
by Khmer Rouge guerrillas since 1994.  Only one, American Melissa Himes,
escaped unharmed. 
-----------------------------
Clinton joins chorus of complaints on Japan

By Janet Guttsman

WASHINGTON (Reuters) - President Clinton joined a chorus of U.S. 
complaints about Japan Friday, saying Tokyo needed to return to growth
in order to help troubled economies across Asia. 

"It's going to be very difficult for Asia to recover unless its leading
economy, Japan, leads the way," Clinton told reporters in a brief
appearance in the White House Rose Garden. 

Clinton urged Japan to strengthen its banking system and stimulate its
recession-hit economy. 

U.S.  officials have long worried about what they see as Japan's
inability to solve a raft of problems in its debt-laden financial sector
and bring its economy, the second biggest in the world, back on a clear
growth track. 

But their warnings have taken on an extra air of urgency since a new
Japanese government took office this week. 

Secretary of State Madeleine Albright, echoing comments from Treasury
Secretary Robert Rubin, said Friday that Prime Minister Keizo Obuchi,
who took his post Thursday, was running out of time. 

"I think he knows that he doesn't have a great deal of time," Albright
told Reuters in an interview in Australia.  "We are going to be watching
very carefully."

The Japanese economy, once hailed as a model for other Asian states,
slipped into recession this year after seven years of sluggish growth. 

The U.S.  economy, by contrast, remains strong.  The Commerce Department
Friday reported a 1.4 percent annualized growth rate in the second
quarter, down from a revised 5.5 percent in the first quarter, but well
above analysts' expectations. 

Washington, wary of its widening trade deficit, wants Tokyo to stimulate
growth by boosting domestic demand rather than by exporting its way out
of trouble. 

"It is especially important for Asia and for our economy that the new
Japanese government move forward quickly and effectively to strengthen
its financial system and stimulate and open its economy," Clinton said. 

Clinton said he expected to talk to Obuchi Saturday, and he noted that
he had already worked with new Finance Minister Kiichi Miyazawa. 

"I welcome the election of the new prime minister, as well as the former
prime minister..., Mr.  Miyazawa, as the new finance minister," he said.

"We want to work with them and we hope that this new government can find
the keys to restore to the Japanese people, who have a great economy and
great society, the growth that they deserve," he said. 

Miyazawa has promised six trillion yen in tax cuts and 10 trillion in
extra spending and he has made clear that it may not be possible to
rescue every Japanese bank, although he said he did not expect any of
Japan's top 19 banks to fail. 

He also said he believed in letting markets decide the value of currency
and stock levels.  His comments, which prompted speculation that Japan
was shifting to a policy of benign neglect for the yen, drove the
Japanese currency lower. 

Washington has long said that the United States will intervene on
foreign exchange markets "when it is appropriate" and will not intervene
when it is not appropriate. 

Deputy Treasury Secretary Lawrence Summers repeated that line Thursday,
but added:
"Intervention does have its place, but ultimately it is policy that is
most important."
-------------------------
Bangladesh floods kill 242, threaten Dhaka dam

By Shehab Ahmed Nafa

DHAKA (Reuters) - Floods sweeping Bangladesh have killed at least 242
people and destroyed the homes or disrupted the lives of millions,
disaster control officials said on Friday. 

"Fifty-four more deaths were reported Friday," one official said of the
floods triggered by two weeks of heavy rain which has hit 37 of the
country's 64 administrative districts. 

Water Resources Minister Abdur Razzak, along with engineers, Friday
inspected a dam in the capital Dhaka that had been threatened by rising
flood water. 

The minister asked the Bangladesh Water Development Board to take all
measures to plug any major leak or other damage to the
Dhaka-Narayanganj-Demra (DND) embankment, official BSS news agency said.

If breached, thousands of families would be washed away by water from
the flooded Shitalakhya river, board officials said. 

More than 10 million people had been affected, including a million or
more left marooned or homeless, the disaster control official said,
adding that at least 242 people had died, many from water-borne
diseases. 

Nearly a million people in and around Dhaka had been affected, with more
than 37,000 evacuated to flood shelters. 

"Diseases, mostly diarrhea caused by people drinking polluted water or
eating rotten food, have broken out in most of the affected districts
and are taking their toll," one official said. 

Officials said at least 30 people had died of diarrhea and nearly 3,000
more had fallen sick across the country. 

The Red Cross Thursday issued a global appeal for $1.7 million in aid
for Bangladesh's flood victims.  Red Cross volunteers Friday distributed
relief goods at Dhaka's Khilgaon flood shelter. 

Red Cross officials said people were in need of urgent medical attention
and food supplies. 

"We have already provided $150,000 in emergency aid, which is going to
feed some half a million people," said Bjorn Eder, head of a visiting
Red Cross team. 

The government said it had deployed more than 2,000 medical teams to try
to contain the diseases in the flooded districts. 

Monsoon floods hit Bangladesh every year, killing hundreds of people. 
The worst in recent history occurred in 1988, when more than 5,000 died.

Although the flood situation has shown signs of improvement in the
north, it remained critical in central Bangladesh, officials said. 

"Flood situation around the capital has become critical," Shamim Osman,
a legislator from the ruling Awami League, told minister Razzak. 

Officials at the flood forecasting and warning center said Friday water
levels at major rivers have dropped slightly as there had been no
significant rainfall in the past few days. 

But they feared a fresh spell of rain next week. 

Sajedur Rahman, a senior meteorologist, had said the floods would
continue until September but are not expected to be worse than the 1988
floods. 

Floods in 1988 virtually swamped the entire country, including Dhaka,
forcing its international airport to shut for 13 days. 
---------------------------------
Deutsche Bank may have known of Nazi gold

By Thomas Atkins

FRANKFURT (Reuters) - Germany's largest bank, Deutsche Bank, may have
knowingly bought gold taken from concentration camp victims during World
War Two, according to a report released Friday by an independent
historic commission. 

In response, Deutsche Bank AG officials confirmed that the bank dealt in
wartime central bank gold -- which included victims' gold -- but fell
short of saying that bank officials knew about the gold's origin. 

"This gold business was normal business during the war," said Deutsche
Bank spokesman Ronald Weichert. 

"Of course these transactions took place," he said. "The Deutsche Bank
conformed to the system."

In an official statement, Deutsche Bank said it "regrets most deeply
injustices that occurred. 

"The detailed report with statements from historians shows the degree to
which Deutsche Bank, in the course of its normal banking business,
conducted gold transactions with the Reichsbank during the Nazi era,"
the Deutsche statement said. 

"Deutsche Bank fully acknowledges its moral and ethical responsibility
for the darkest chapter of its history," the statement said. 

Lawyers representing Holocaust survivors, who have already filed an $18
billion class action lawsuit in New York against Dresdner Bank and
Deutsche Bank, say the report fortifies their case. 

"It is a scathing report," said Michael Witti, a lawyer representing the
survivors.  "The report confirms that business was conducted with the
Nazis' stolen gold."

"It (the report) brings us good facts, underscores our demands, (and is)
almost an acknowledgment of one part of our complaint," he told Reuters.

According to the report, Deutsche Bank used branches in Austria and
Turkey to facilitate the transfer and sales of gold purchased from the
Reichsbank. 

Witti added that he would likely expand the class action suit to include
a complaint against Commerzbank. 

The five members of the historic commission from Israel, the United
States, Britain and Germany said Deutsche Bank bought 4,446 kilos of
gold from Germany's wartime central bank, the Reichsbank, worth
$5,001,750 at the time. 

Of that, 744 kilos was so-called Melmer Gold, which was taken from
concentration camp victims' teeth, wedding rings, and personal jewelry,
the report said. 

Most of the gold was confiscated from the central banks of countries
Germany invaded during the war. 

Both Deutsche and Dresdner have rejected the class-action suit, saying
independent historical research shows they did not know the origin of
gold purchased during the Nazi era. 

German Jewish leader Ignatz Bubis also Friday criticized Deutsche Bank
for taking part in a "pact of silence," calling on bank officials to be
more forthcoming with historical researchers. 

"I want them to put everything on the table," he said.

Bubis said he doubts claims that top banking officials did not know the
origin of the Melmer gold. 

The commission's report includes no evidence that would have directly
proved that Deutsche Bank officials knew some of the gold came from the
bodies of concentration camp victims. 

The report concludes, however, that bank director Alfred Kurzmeyer, a
Swiss citizen, and board member Hermann Abs, who was responsible for
foreign dealings, very likely learned of the origin of the gold via
direct contacts with the elite S.S.  military corps. 

"No unequivocal record exists that Abs and other members of the board of
directors had knowledge of the origin of the victims' gold that was
purchased from the Reichsbank," the report said. 

"But Abs was in possession of far-reaching contacts and it is possible
that he and perhaps other members of the board were aware of the
existence of victims' gold," the report continued. 

"Based on that, it is possible they were aware that the gold was
originally the property of the victims of Nazi Germany," it said. 

The German wartime economy needed gold to purchase hard currencies that
were then used to buy materiel, including industrial commodities like
wolfram and chromite. 

The Deutsche Bank purchases amounted to less than one percent of all
Reichsbank gold sales, according to the report. 



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