Kuwait financier saga highlights weak Gulf rulesThe apparent suicide of a Kuwaiti broker, sued for fraud by US regulators in a case linked to Kuwait's ruling family and its top investment firm, shines an unwelcome light on the weak regulatory environment in the Gulf Arab state. Kuwa More… |
US sues Kuwaiti financier over takeover hoaxesUS securities regulators have sued a well-connected Kuwaiti financier whose investment firm is partly owned by Citigroup, saying he reaped millions in suspicious profits after "fraudulent" takeover reports sent shares of two US companies soaring. More… |