Article length: 560 words
Kuwaiti Port Fund dispute draws in rival Agility, senior Al-Sabah and many more
The long-running dispute over alleged fraud at The Port Fund (TPF), a Cayman Islands-registered private equity vehicle which invests in logistics projects and which is run by Kuwait-based KGL Investment (KGLI), is drawing in rival logistics firm Agility, in addition to the members of the Kuwaiti royal family. The details remain murky, but centre on claims that lawyers acting on behalf of Agility have been trying to encourage at least one investor in TPF to launch legal proceedings against the fund.
Credit value: 6
