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Two Jordanian companies exposed with fraud capital.

Amman, 30 Aug: Chairman of Jordan Securities Commission Dr. Bassam Alsaket said that some companies had raised fictitious capital to fraud and to circumvent the law. AlSaket has exposed the fraud of two companies one of them is limited Co. while the other is General Company which tried to register fictitious capital of 270 million on securities commission to sell shares for high prices.

He said that Securities Commission exposed fraud after checking in the capital when 270 million dinars was found fictitious capital. The two companies lost the case lodged against Securities Commission in the Court of Justice.

Al Bawaba / Euclid Infotech Monitoring (Arabic to English)

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Publication:Al Bawaba/Euclid Infotech Monitoring (Arabic to English Service)
Date:Aug 30, 2009
Words:115
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