Sweets of Oman reports "huge losses" due to misstatements
Sweets of Oman SAOG, a Rusayl based confectionery maker listed on the Muscat Securities Exchange (MSX), announced on Thursday that a criminal case has been lodged against a number of managers in connection with a fraud uncovered by the company in its accounts.The company had revealed earlier this year that, following an independent review of its accounts, a...