14.05.2015 - Kuwait fund staff made ‘deliberately bad’ deals
Kuwait has recalled staff from the London office of its multibillion-pound sovereign wealth fund amid allegations of accounting irregularities and claims that employees deliberately made bad investments. A committee of MPs in the Gulf state claims that it has uncovered “alarming” evidence that staff at the Kuwait Investment Office, the UK division of the Kuwait Investment Authority, have made “huge, deliberate, bad investments”, according to local reports.....................................Full Article: Source
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