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Yemeni hackers convicted of stealing $332,000 from Canadian oil company

posted onMay 15, 2005
by hitbsecnews

A Yemeni court on Saturday convicted four Yemenis of stealing $332,000 from Canadian oil company Nexen Inc. through Internet fraud, judicial source said.

The four men were ordered to repay 1.26 million Malaysian ringgit ($332,000) which they had transferred to Malaysian bank accounts after one of them, a former Nexen employee, hacked into the company's computer system in North America.

Two others were acquitted.

The men did not receive prison sentences because of a recent presidential pardon covering such cases, but they will remain under detention until they pay up. More than half of Yemen's total oil production of around 400,000 bpd is produced by Nexen, Canada's No. 4 oil explorer. Internet usage is limited in Yemen, an impoverished country of 19 million at the tip of the Arabian peninsula.

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