VOL. XLIV

No. 29

16-July-2001

KUWAIT

Parliament Investigates KPC Investments

The Public Funds ProtectionCommittee of Kuwaits National Assembly is investigating Kuwait PetroleumCorporations (KPCs) investment strategy from the companys formation in theearly 1980s up to the present day. The committees chairman, 'Abd Allahal-Nibari, said on 10 July that he did not rule out the possibility thatsuspicions of criminal actions might be followed up in connection with lossesof $8-9bn sustained by KPC. Mr...