Jordanian newspaper confirms Mena Report exclusive on financial fraud
Following Mena Report’s breaking story last week, exposing a financial fraud scheme carried out by local businessman Majd Sami Al-Shamaylih, the Jordanian newspaper Al-Rai reported today that the Amman Stock Exchange (ASE) Authority issued a memorandum ordering the brokerage firms to freeze all trade in stocks owned by Al-Shamaylih.
The step was taken after a lawsuit had been filed to the Jordanian court against Al-Shamaylih by the Jordan Gulf Bank. The asset freeze encompasses all of Al-Shamaylih’s transferable and non-transferable funds, amounting to 1.66 million Jordanian dinar ($2.34 million). — (menareport.com)
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