Accountant embezzles more than OMR 113,000 from a company in oman

Image Credit: shutterstock, Photo for illustration purpose only
Image Credit: shutterstock, Photo for illustration purpose only

Muscat: Oman and Emirates Holding Company revealed that it had been subjected to an embezzlement of OMR 113,392,400 thousand Omani riyals., and the company said in a disclosure on the Muscat Securities Market website, “We would like to state that upon reviewing the company’s account statements with the bank it became clear that the accountant committed fraud  by embezzling an amount of OMR 113,392,400 thousand Omani riyals. .

The company stated that it is continuing to recover the embezzled sums in coordination with the investigative authorities of the Royal Oman Police.

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