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Banker bribed to invest Dhs70m in penny stocks

A bank manager pocketed Dhs541,000 bribes to invest Dhs70m in inactive stocks in the briber’s home country, a jury heard on Thursday. The Asian manager, 37, (the head of an international bank’s stock market investments) allegedly pocketed the bribes and purchased 49,679,710 unwanted stocks in six companies in breach of…

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Click here to read the full story: Gulf Today

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