A Bahraini court has sentenced the former chief executive of Bank Al Khair in absentia to four years in jail for embezzlement and squandering the bank's funds, the Islamic lender said.
It said the Criminal Court of Bahrain also convicted Majid Al-Refai at a hearing on Tuesday of destroying bank documents as well as preventing shareholders and authorised entities from accessing bank records.
Rifai said in an emailed statement to Reuters on Thursday that he was aware of the verdict and denied all charges.
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