MUSCAT: Oman Arab Bank (OAB) has filed a criminal complaint before the Department of Combatting Economic Crimes at Royal Oman Police for suspicion of forgery and embezzlement of approximately OMR 6 million.
In a statement issued to the Muscat Securities Market (MSM) on Tuesday the bank said that the investigation by competent authorities are “underway in order to undertake all necessary legal proceedings in accordance with applicable rules and regulations.”
“In furtherance to Article 291 and subsequent articles of Capital Market Executive Regulation issued by the virtue of Capital Market Authority decision No 1/2009 as amended the Bank hereby states that it has filed a criminal complaint before the Department for Combating Economic Crimes at Royal Oman Police for suspicion of forgery and embezzlement of approximately Six Million Omani Rials. (OMR 6,000,000).”
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“The Bank further advises that 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 parties dealing with the bank. In the interim,the Bank has notified the insurance companies and will pursue all options available to recover the amount,” the statement from OAB said.
