KUWAIT CITY, Oct 6: Deputy Governor of the Central Bank of Kuwait (CBK) Mohammad Al-Ashel has refuted rumors of a division within the institution, reports Al-Shahed daily. There were claims in the media of a disagreement between a side that wanted the multimillion dinar deposit issue to be handled with total transparency and another side that insisted on keeping bank details confidential.
The deputy governor said there was no truth in the story, affirming that the bank is united in the resolve to implement the law and abide by regulations laid down by the bank. Stressing the importance of following the rule of law, Al-Ashel said those accusing the Central Bank of failing to take action against two banks alleged to have suspicious accounts belonging to some lawmakers are missing the point because the law is the arbiter in all circumstances. He said the Central Bank is known for its professionalism and abidance of rules and regulations.
Meanwhile, a reliable source said some lawmakers who haven’t been mentioned in the bribery scandal put their money in listed and unlisted companies in the form of shares. He claimed that the shares are worth nearly KD 16 million and were bought in the names of wives, children and relatives. “The shares, which are up to 90 million, were bought recently to evade bank transaction,” said the source, adding these lawmakers proved smarter than their colleagues who deposited cash and set tongues wagging.