No. 40



Kuwait Court Sentences Former KOTC Executives

A Kuwait criminal court found the former chairman and two other executives of the Kuwait Oil Tankers Company (KOTC) guilty of corruption over the charter of tankers for storage in the late 1980s and sentenced them on 25 June to between 15 and 40 years in prison and ordered them to pay a total of $130.8mn in fines and repayment of stolen money. The prosecutor said the three executives had privately...