13:00:08 EST Thu 05 Nov 2026
Enter Symbol
or Name
USA
CA



Royal Bank of Canada
Symbol RY
Shares Issued 1,384,028,417
Close 2026-11-04 C$ 292.57
Market Cap C$ 404,925,193,962
Recent Sedar+ Documents

Globe/CP say RBC ex El-Hakim guilty of criminal charges

2026-11-05 07:02 ET - In the News

The Globe and Mail reports in its Thursday edition that a former Royal Bank of Canada employee has been found guilty of three criminal charges after opening fraudulent accounts and viewing the personal banking information of Prime Minister Mark Carney. A Canadian Press dispatch to The Globe says Ibrahim El-Hakim, who worked at an Ottawa bank branch, was recruited by someone he believed "to be associated with organized crime," says an agreed-upon statement of facts in the case filed in an Ontario court. The RCMP began an investigation last year after a complaint from RBC. The agreed statement says Mr. El-Hakim opened at least 43 fraudulent accounts at the bank between November, 2023, and June, 2025. In late June, 2025, Mr. El-Hakim admitted his involvement in the fraud to an RBC corporate security official, saying he was recruited on Telegram, a social-media messaging app, by a person using the alias AI WORLD. "Mr. El-Hakim stated that he participated in the scheme because he was experiencing financial difficulties," the statement says. Mr. El-Hakim pleaded guilty in August to fraud over $5,000, unauthorized use of a computer and identity theft. RBC has had to pay $14,634 for 27 clients to receive credit monitoring.

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