AG calls for release of $500m frozen in Dubai bank


Issue 1072 - 10 Jan 2019 | 1 minute read

Kuwaiti attorney general Dherar Ali Al-Asousi has written to his counterpart in Dubai, Essam Issa Al-Humaidan, requesting his assistance is releasing $496m that has been frozen in a branch of Noor Bank since November 2017. The money belongs to Kuwaiti investment firm The Port Fund LP, whose executives have been accused in Kuwait of embezzlement.

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