CIB sets record straight on alleged fraud case

CIB sets the record straight on alleged fraud case: Our friends at CIB put out a statement over the weekend after allegations surfaced on social media this past Thursday that a bank employee had defrauded a retail client in the coastal city of Alexandria. An exhaustive review of transactions on the client’s account found “no discrepancies,” leading the bank to note that the apparent dispute is “unrelated to the Bank,” according to a CIB statement. “CIB will share the results of our exhaustive investigation with the relevant regulatory bodies and will avail all the needed documents for the regulators to verify that the client’s complaint is unfounded,” the statement added.