VOL. XXXVI

NO. 18

1-FEBRUARY-1993

KUWAIT

KOTC Official Involved in Fraud Case Returns $6.2mn to Central Bank

The Kuwaiti Minister of Oil, Mr. 'Ali al-Baghli, announced on 26 January thatan official of the Kuwait Oil Tankers Company (KOTC), who had been accused offraud and subsequently detained by the Attorney General, had returned to thestate a sum of $6.2mn which was deposited with the Central Bank of Kuwait in anaccount held by the public prosecutor's office.

The Minister emphasized that the...