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Kuwaiti financier charged with fraud in US found dead

Posted on 27 July 2009

From Menareport.com: Hazem Khalid Al-Braikan, CEO of Kuwait’s Al Raya Investment, which is 10 percent owned by New York-based Citigroup Inc., was found shot dead Sunday, according to a senior security official.

Earlier this month, the Securities and Exchange Commission (SEC) sued Al-Braikan in a US District Court in Manhattan over suspicious trading profits earned by fake offers to acquire US companies. According to US regulators, the case involved questionable offers from International Industries Inc. and Textron Inc…………Full Article: Source

 
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