| The Cabinet has rejected recommendations by members of parliament to prosecute officials of its sovereign wealth fund for allegedly violating regulations in managing the country’s oil wealth, Finance Minister Anas Al-Saleh said on Wednesday evening.
“I assert my confidence in those in charge of the Kuwait Investment Authority (KIA) until proven otherwise,” Saleh told reporters after a closed meeting of parliament to discuss an investigation of the KIA’s London arm, the Kuwait Investment Office (KIO). Kuwaiti MPs travelled to London last year to probe the KIO’s operations and check whether there was enough official oversight of it...............................................Full Article: Source
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