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Omani firm completes Topaz fraud probe

Dubai, September 12, 2011

Renaissance Services, an Omani multinational oil and gas services provider, said it has completed its investigation into the misappropriation of $2.9 million at its Topaz unit and does not expect to recover any of the funds easily.

The fraud was isolated at one foreign unit and did not find any other similar cases of wrongdoing in other parts of its business, the company said in a statement on Monday.-Reuters




Tags: Oil | gas | Fraud | Probe | Topaz | Renaissance Services | Omani firm |

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