25/01/2023
Arab Times
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KUWAIT CITY, Jan 25: The Central Bank of Kuwait (CBK) has instructed all Kuwaiti banks and branches of foreign banks to freeze the deposits and disclose the banking information of five people – three Kuwaitis and two Emiratis; as well as four companies – real estate, consulting, advertising and marketing due to suspicion of public funds embezzlement, reports Al-Rai daily quoting sources. According to sources, the Public Prosecution requested for the above mentioned measures; including the freezing of securities, stock market investments and others.
Sources affirmed the account holders and their representatives have been prohibited from doing anything regarding the accounts until a decision is issued on the criminal case. Sources added the banking information disclosure directive covers everything related to the accounts within a period of more than a year – from 2011 to 2012.
