Court backs Bahrain bank fraud takeover

Court backs Bahrain bank fraud takeover

DUBAI, United Arab Emirates - (AP) Bahrain's central bank has won court backing for its decision to take control of a bank involved in a massive cross-border fraud dispute.

Awal Bank was put under administration along with The International Banking Corp., another Bahrain-based bank, last year after it defaulted on loans amid a multibillion dollar fraud ...

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