Muscat: Oman Arab Bank has issued a statement clarifying that the terminated Chief Financial Officer (CFO) of the bank is not associated with the forgery and embezzlement case.

Earlier in December 2020, the bank had revealed a forgery and embezzlement case worth RO6mn.

The statement from the bank reads: “Oman Arab Bank’s (the “Bank”) disclosure of 20/01/2021 on the employment termination of Chief Financial Officer Mr. Daren Lee Warner, the Bank has noticed that some news sources and social media platforms have made an association between that disclosure and the suspicion of forgery and embezzlement previously disclosed last December.

“In this regard, the Bank would like to clarify that it did NOT disclose any information about any such connection between the two events and further advises the public on the necessity of relying on official sources to obtain truthful news in order to avoid any news misinterpretation.”