Scandal alert! Oman National Gas CEO arrested over corruption, bribery
February 5th, 2014
Oman’s National Gas Co SAOG confirmed on Wednesday that its chief executive had been detained by the public prosecutor over suspected bribery, and said the firm's financial controller would take over as acting CEO.
“The Board of Directors wish to inform that the Company has received a reply from the public prosecution regarding the detention of the Company’s CEO,” National Gas Co said in a bourse statement. “The reply received states that the CEO has been accused of bribing a government official.”
The firm said its “business would run as usual” and directors “do not expect any financial implications on the company due to this development”.
It said its financial controller, who was not named in the brief statement, “would be acting on behalf of the CEO so that routine operations of the company do not get affected”.