Kuwaiti royals face US Magnitsky risk


Issue 1085 - 19 Jul 2019 | 1 minute read

Two members of Kuwait’s royal family, along with a number of other officials, are at risk of being targeted by United States sanctions, in the latest twist in the long-running saga over alleged fraud and embezzlement at Kuwaiti-owned investment vehicle The Port Fund.At least three members of the US Congress have written to Treasury secretary Steve Mnuchin in recent months, asking him to start a Global Magnitsky Act investigation into six Kuwaitis for their involvement in the detention, on what they say are false charges, of KGL Investment (KGLI) managing director Marsha Lazareva. KGLI ran the troubled fund.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News