Bahrain Arrests Five Cypriot, Jordanian Businessmen for Fraud

Published July 30th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

Bahrain has arrested five Cypriot and Jordanian businessmen suspected of trying to conduct a transaction with a fake $50 million bank guarantee, the official Gulf News Agency (GNA) reported Sunday. 

“The Bahrain Monetary Agency (BMA), Bahrain’s central bank, received a report on July 19 from an international bank official in Bahrain that five Cypriot and Jordanian businessmen had presented a false $50 million bank guarantee,” the agency said. 

“Security officials arrested the five suspects to investigate the case,” it added – Albawaba.com 

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