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Merge 104.8 | 24 August 2020
The Oman & Emirates Investment Holding Company has revealed in a disclosure to the Muscat Securities Market that an accountant has committed forgery and embezzled OMR 113,392 worth of funds from the company.
In its statement, the company said that the fraudulent activity was noticed when its account statement was being reviewed.
It added that it is following up with Royal Oman Police in an attempt to recover the stolen money.
