Ahmad Hamad Algosaibi and Brothers (AHAB) has said in a statement that at a court hearing in Bahrain, it has submitted evidence refuting the legal case filed last year by the administrators of The International Banking Corporation (TIBC). The claim, pending in the Bahrain Chamber for Dispute Resolution (Case no. 11/2014), asserts that TIBC lost billions of dollars when AHAB induced it to make loans to false customers in Saudi Arabia, said a report in the Gulf Daily News (GDN), our sister publication.

 

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