Fraud & Ethics
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Kuwait bank manager accused of embezzling $2.76m
The Commercial Bank of Kuwait is investigating claims a branch manager embezzled KD815,000 ($2.76m) from customers’ accounts over two years, the bank’s spokesman Yacoub Al Ibrahim has reportedly said. The bank also was reviewing banking procedures to uncover how the alleged stealing was able to continue for so long and…
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Click here to read the full story: Arabian Business