Thursday 18 / April / 2024
Muscat: The Oman Arab Bank has issued a statement on the latest developments in an embezzlement case involving approximately OMR 6 million.
The bank said in a statement: "With reference to the bank's disclosure on the Muscat Stock Exchange on December 22, 2020, regarding the criminal complaint of suspicion of forgery and embezzlement of approximately OMR 6 million, the bank is pleased to disclose that it has received the communication from the loss adjuster that the reinsurers have confirmed that the policy liability in principle for the amount mentioned above has been claimed."
"The bank would like to inform that it is continuing to follow up the case with Public Prosecution, in order to preserve the rights of the bank and its shareholders, legally and financially."
