Thieves stole about $10 million in assorted currencies from the International Bank for Trade and Finance in Damascus, said Jordan’s Housing Bank for Trade and Finance, which has a 49 percent stake in IBTF.
The Amman-based housing bank said management in Syria advised that the robbery occurred on Jan. 17 and was discovered on Jan. 20, according to a filing posted on Amman stock exchange today. The vault director was involved in the robbery of $3.4 million, 4.7 million euros ($6.4 million) and 33 million Syrian pounds ($460,000).
IBTF said it has notified authorities and steps are being taken to recover the money, according to the filing.
To contact the reporter on this story: Mohammad Tayseer in Amman at email@example.com
To contact the editor responsible for this story: Andrew J. Barden at firstname.lastname@example.org