The owner of an investment company, its chief executive officer and two board members will stand trial for fraud, forgery, embezzlement of more than BD6 million from investors’ funds, and money laundering.
The Public Prosecution launched an investigation after receiving a report from the Interior Ministry’s Financial Intelligence Directorate. Findings revealed complicity of the company’s CEO and the two board members in the crimes, which enabled the former to embezzle money from several investors through fictitious transactions.
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