VOL. XLVI

No 36

08-September-2003

KUWAIT

REGIONAL BANKING

More Details On KIAs Financial Irregularities

Further details have become available about recent allegations of financial irregularities at the Kuwait Investment Authority (KIA). Last month the Kuwaiti Minister of Finance and KIA Chairman, Mahmud al-Nuri, referred to the office of public prosecutor a report alluding to financial irregularities on the part of the current KIA management in evaluating the assets of the Real Estate Investment...