OAB discloses embezzlement & forgery of $15.6 million

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هذه الصفحة متوفرة بهذه اللغة: العربية

22 December 2020

MUSCAT (WAF)- Oman Arab Bank SAOG (OAB) has filed a criminal complaint with the local authorities for “suspicion of forgery and embezzlement of sums of money within the range of approximately Six Million Omani Rials ($15.6 million).”

OAB said in a filing to Muscat Securities Market (MSM) today that the Department for Combatting Economic Crimes at Royal Oman Police is taking the lead in the investigation. And that Bank will “disclose further information as investigations evolve.”

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“This occurrence will not have any impact on the Bank’s customers, and assures the public that the Bank’s internal committees are handling this matter with the utmost level of seriousness and professionalism to safeguard the interests of all parties dealing with the bank,” OAB added in the disclosure.