Mon, Aug 8, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, People

The former chairman of the Hakkasan restaurant group is allegedly being investigated in a global embezzling case

Posted on 16 August 2016

Khadem al-Qubaisi, the former head of Abu Dhabi’s state oil investment firm and the ex-chairman of the Hakkasan restaurant group, is allegedly being probed over suspected embezzling from Malaysia’s government wealth fund, 1MDB.
According to a report in the Financial Times, al-Qubaisi is allegedly being investigated by Swiss authorities over a possible role in a scheme to siphon funds from Malaysia’s sovereign wealth fund. The authorities suspect al-Qubaisi of “fraud, money-laundering and corruption,” according to a letter cited by the FT………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
August 2022
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031