A Jeddah court is scheduled to look into an embezzlement case of SR5m next month, filed against seven bank employees. The bank's branch manager had discovered the embezzlement operation and reported it to the authorities. The suspected ringleader of the operation was the head of the remittance department in the branch, who allegedly collaborated with the other six bank employees. He is alleged to have withdrawn money from the Saudi Monetary Agency and deposited it into the accounts of the six accomplices as real estate or investment funds. The bank has fired the seven employees. They have been released on bail until the court rules on the case. __
