VOL. XXXIV

NO. 50

16-SEPTEMBER-1991

Financial and Banking News

Regional Banking

Two Kuwait Asia Employees in Alleged $450,000 Fraud

Bahrain-based Kuwait Asia Bank has named 15 defendants in a lawsuit alleginga $450,000 fraud by two former employees. The bank alleges that on 24 July Mr.Yusuf 'Ali, one of its bank clerks, and Mr. Shihab Ahmad 'Abd Allah, the chiefmessenger, transferred $450,000 to a bank account controlled by EileenCharcandy and her daughter Bernis McCartney at Matewan National Bank...