VOL. XXXIX

No. 12

18-December-1995

Kuwait

'Ali Rashid al-Badr Resigns As Head Of The KIA

The premature resignation of the widely-respected Chairman of the Kuwait Investment Authority (KIA), Mr. 'Ali Rashid al-Badr, will do little to instill the belief that full disclosure of the events surrounding the collapse of the authority's Spanish subsidiary, Grupo Torras, and the problems encountered by the London-based Kuwait Investment Office (KIO) will be forthcoming. Mr. Badr is officially...