The company official was a diplomat of a Western country before joining the group. He was in charge of several projects carried out by the group in a number of countries in sectors like tourism, energy and hospitality. The total cost of the projects is estimated to be more than QR2bn. Some of these projects are in their final phase while others are in the early stages of implementation.

Al Sharq daily reported the defendant was exploiting his post of Operations Manager to defraud the company of part of advance payments received from clients.

Having amassed the huge amount, he fled from the country when he was on an official two-day visit to a neighbouring country. His unexpected disappearance made his employer suspicious. Investigations carried out by the management concluded that the senior official was stealing from the company's resources.

According to the daily, the huge amount embezzled by the official had affected the financial position of the group. The suspect was later arrested by the Interpol and handed over to local authorities.

By Mohamed Saeed

© The Peninsula 2008

 

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