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Port Fund dispute continues as Kuwait officials appear to work at cross-purposes

An argument over $496m belonging to a Kuwaiti investment firm that has been frozen in a branch of Noor Bank in Dubai for well over a year continues, amid contradictory signals from officials in Kuwait. The money was frozen at the request of the Kuwaiti authorities in November 2017, after they had linked it to a case involving embezzlement charges against two executives based in Kuwait: Russian national Marsha Lazareva and local businessman Saeed Dashti.

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