CBB files 5 criminal charges against Maan Al Sanea

09 Apr 2011

(MENAFN) A spokesman for Saad Group’s Head, Maan Al Sanea, stated that the Central Bank of Bahrain (CBB) filed 5 criminal charges against Mr. Al Sanea related to the closing of 2 commercial banks in Bahrain in 2009, reported The National.

The spokesman of the Saudi conglomerate head also said that Mr. Al Sanea denied all the allegations against him since the beginning of the dispute. He pointed out that 15 other executives of the company and banks were included in the charges.

The Central Bank of Bahrain stated that the charges include violating the laws of CBB, the penal code and the law of commercial companies.

It is worth noting that Mr. Al Sanea was also charged of assisting in the commitment of crime by helping the executives in intentionally providing the CBB with false information.

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