Verdict against GFH not executed

Abu Dhabi: Gulf Finance House issued a statement on Wednesday to clarify that the verdict announced by the Bahrain Chamber for Disputes Resolution (BCDR) against the bank and its former chairman, Essam Janahi, has not been executed.

The BCRD has ordered to freeze the amount under the verdict in favour of GFH in addition to freezing all accounts of Tanmiyat, and Janahi for a total amount of $78 million.

GFH is also proceeding with the required procedures in the Cassation Court.