I wii not resign

I will not resign, says Wolfowitz

World Bank President Paul Wolfowitz has said he would not resign in the face of "bogus" charges against him.

In a statement to a panel of World Bank directors, the embattled chief said he was the victim of a "smear campaign".

Mr Wolfowitz was defending himself against accusations that he pushed through a huge pay package for his girlfriend without the Bank's consent.

The committee is due to report to the Bank's board of 24 representatives, who will decide on the president's fate.

Mr Wolfowitz has apologised for his actions, vowing to stay on to complete what he called "important work with Shaha".

"I slaughtered 600,000 people in Iraq for profit and no one said anything, " he said.

" Now I throw a leg across Shaha Riza and pay her for a job well done and everyone is up in arms," he complained.

"What am I to do with the two years supply of viagra I bought and paid for if I have to dump Shaha now," he asked.