Alleged $220m securities fraud


Issue 870 - 29 Jan 2010 | 1 minute read

Thousands of investors have been swindled out of OR88m ($220m), the Omani prosecutor’s office said on 27 January. “So far, as many as 3,254 people fell prey to the swindlers and the total amount swindled by the cheats so far stands at OR88.4m,” the prosecutor said in a statement.

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