The not-so-Golden Horde

Article Abstract:

Five former employees of Mongolia's central bank charged with reckless speculation in currency markets that produced $90 million in losses have received a limited reprieve from the government. Their case has been remanded to a magistrate for further investigation.

Crime, Mongolia, Foreign exchange market

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Sharp suits: Kuwait Investment Office

Article Abstract:

Grupo Torras, a Spanish holding firm with ties to the Kuwait Investment Office (KIO), has filed suit in the UK against several former KIO officials it claims have absconded with $500 million. Ex-KIO Chmn Fahd Mohammed al-Sabah is one of the named defendants.

Investigations, Holding companies, Kuwait. Investment Office, Grupo Torras S.A.

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Into a black hole: Kuwait

Article Abstract:

The new Kuwaiti parliament is exercising its power by constructing a law that require public disclosure of government money invested through the Kuwait Investment Office. The legislation is creating turmoil among officials of the government corporation.

Laws, regulations and rules, Finance, Public finance, Disclosure statements (Accounting), Kuwait, Kuwait Investment Group

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