Two executives were sentenced on corruption charges
Omans Galfar Engineering has announced it will hold an urgent board meeting to develop an action plan in the wake of a court ruling on Sunday in which two of its employees were convicted on charges of corruption.
The Court of First Instance in Muscat sentenced the companys managing director, Mohammed Ali, to three years in prison and another company official, Abdullmajeed Nushad, to two years in jail. Ali was ordered to pay RO600,000 ($1.6m) in fines, while Nushad was fined RO200,000.
Ali and Nushad, who hold Indian citizenship, are to be deported after they serve their sentences.
The verdict was the first in a series of trials that are under way involving executives from Omans oil industry and related sectors, who face charges of offering or accepting bribes in exchange for contracts, mostly in infrastructure projects.
The board of directors of the company will convene an urgent board meeting to review the situation and formulate an urgent action plan to ensure the firms operations are not affected by the said primary courts judgement, Galfar Engineering said in a bourse filing yesterday.
The statement added that the defence lawyers would be appealing the judgement.
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