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Albania: President Signs Anti-Pyramid Scheme Decree

Tirana, 24 June 1997 (RFE/RL) - Albanian media reported today that President Sali Berisha has signed a decree against pyramid investment schemes.

The decree is designed to meet calls by the International Monetary Fund (IMF) and the World Bank (WB) for the appointment of independent administrators. The administrator's job is to take control of fraudulent business schemes and close them down with the least possible damage to the public.

The collapse of the schemes in February led to the current Albanian crisis.

Albania is holding crucial elections this Sunday. Meanwhile, violence is continuing is Albania. The latest victims included three policemen. News reports say they were injured in an attack by an armed gang in the capital, Tirana.