Arab Today, arab today exunicorn ceo deloitte probe results flawed
Last Updated : GMT 18:31:22
Arab Today, arab today
Arab Today, arab today

Ex-Unicorn CEO: Deloitte probe results flawed

Arab Today, arab today

Arab Today, arab today Ex-Unicorn CEO: Deloitte probe results flawed

Manama - Arabstoday

Bahrain-based Unicorn Investment Bank\'s former chief executive said on Wednesday consultancy Deloitte did not disclose its interests in an investigation which concluded the ex-CEO had committed 58 criminal offences. His comments came a day after Unicorn said an investigation by Deloitte had found that Majid Al-Refai, who left the bank in August 2010, committed criminal offences including misappropriating bank funds. The investment firm also said the Bahrain general prosecutor, who commissioned the Deloitte investigation, had referred the case to Bahrain\'s criminal court. \"I am disappointed that the supposedly independent third-party firm engaged by the BPP (Bahrain Public Prosecutor) ... has not disclosed its personal interest in these matters which gives rise to a conflict of interest,\" Al-Refai said in a statement on Wednesday. The former executive also said he had submitted \"clear\" evidence as part of his full cooperation with the review. \"I am disappointed that this evidence was excluded from the findings of Deloitte,\" he said in the statement. However he did not say what the alleged conflict of interest was based on and gave no detail of the evidence he said he had submitted. He could not be reached for further comment. No-one at Deloitte\'s regional office in Beirut could be reached for comment and the BPP did not respond to calls seeking comment. Sources told Reuters in August of last year that Al-Refai left the company due to a dispute with its board over strategy. Ikbal Daredia was appointed acting chief executive in his place. Unicorn has also filed two civil cases against Al-Refai and two other former employees to retrieve allegedly misappropriated funds. The company has not provided details on how much money is involved.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exunicorn ceo deloitte probe results flawed Arab Today, arab today exunicorn ceo deloitte probe results flawed

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today exunicorn ceo deloitte probe results flawed Arab Today, arab today exunicorn ceo deloitte probe results flawed

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday