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Bahrain bank 'may sue societies over losses'

Manama, April 28, 2011

A Bahrain investment bank could sue opposition groups over disruption caused by anti-government protests.

Oasis Capital Bank chief executive officer Dr Farid Al Mulla said the institution was considering seeking damages from political societies due to the impact on Bahrain's financial industry.

Companies at the Bahrain Financial Harbour and nearby financial districts were forced to close for several days during the height of unrest. 'There is a responsibility on those who took these actions including the political societies,' Dr Al Mulla told our siste newspaper Gulf Daily News (GDN) yesterday.

'Banks and Bahrain as a whole lost money, opportunities and reputation and political societies should pay the price for it.

'Can you contemplate Wall Street being closed down for five days or a week and what damage that would do to the US economy and further afield?

'These irresponsible people have damaged what has been built over 35 years and you can measure that damage.

'Of course we can rebuild Bahrain's reputation, but these people should be made to pay.'-TradeArabia News Service




Tags: Bahrain | investment | finance | unrest | Losses | protests | Oasis Capital Bank |

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