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Head of Bahrain bank detained for embezzling $2 bln

Posted on 28 January 2010

From Sify.com: The chief executive of The International Banking Corp (TIBC) has been detained by Bahrain authorities on allegations of embezzling more than $2 billion.

The public prosecutor ordered the detention of the executive, who may not be named according to Bahraini law, after he was charged with breach of trust and theft following two days of interrogation, the Arabic-language daily al-Bilad said……………………………….Full Article: Source

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