PIFSS Filed A Libel Suit With The Supreme Court Of The United Kingdom
Category: Kuwait
pifss-filed-a-libel-suit-with-the-supreme-court-of-the-united-kingdom-_kuwait
Immigrate to Canada or Australia
Study In Abroad

The Kuwaiti Public Institution for Social Security (PIFSS) has filed a libel suit with the Supreme Court of the United Kingdom against assets’ managing company, Man Group PLC, and its subsidiaries.

PIFSS said in a press release on Wednesday it was seeking in the libel tentative reclamation amounting to $156 million, charging the company with making clandestine deals with a former official of the institution during 1996-2013.

The institution said it submitted the libel suit in November, but abstained from revealing the legal move, pending warranted official approval. The press release quoted Minister of Finance Dr Nayef Al-Hajraf as saying that instructions by His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah “with respect of combating corruption and taking legal action were implemented this year.”

Al-Hajraf, as cited by the press release, said PIFSS had taken legal measures against officials of Abraj Holding Group and now these procedures would be completed against a British financial company and its group, affirming its approach for reforms and legally punishing the corrupt. Meanwhile, Hamad Al-Humaidhi, the PIFSS Director General, said the institution has filed the libel after completing examination of the past investments, acquiring needed evidences and documents.

PIFSS has taken the legal measures against the investment manager of the British company, he says, affirming that it will continue scrutinizing the relevant enterprises and taking the warranted legal measures to reclaim public funds, with support by the political leadership and the Cabinet.

 

SOURCE : ARABTIMES

10 Jan, 2019 0 166
Posted Comments
Popular News
kuwait-university-students-in-shocked-_kuwait
Kuwait University Students Shocked ? Kuwait University students were shocked, after moving to the new site in Shedadiyah, to find out that the place has three names – Kuwait University, Shedadiyah University and the third which is ... September 19, 2019 1 8911 Category: Kuwait
plots-for-those-affected-by-gcc-railway-project_kuwait
Plots For Those Affected By GCC Railway Project As per the law on establishing the Public Authority for Agricultural Affairs and Fish Resources (PAAAFR), those granted Wafra agricultural plots that will be removed due to the GCC railway project are... September 17, 2019 0 8049 Category: Kuwait
kuwait-army-units-put-on-alert_kuwait
Kuwait Army Units Put On Alert Presidency of the General Staff of Kuwait Army announced Wednesday that some military units are put in a state of combat readiness as a precaution against the current conditions in region. The measur... September 19, 2019 1 2157 Category: Kuwait
kuwaiti-woman-to-pay-kd-5001-compensation--for-illicit-relationship_kuwait
Kuwaiti Woman To Pay KD 5001 Compensation For Illicit Relationship The Civil Section in the First Instance Court has instructed a Kuwaiti woman to pay KD 5,001 compensation to her ex-husband for the damages he incurred when she engaged in an illicit relationship befo... September 19, 2019 1 1705 Category: Crime News
change-in-designation--will-my-driving-license-renewedcancelled_kuwait
Change In Designation – Will My Driving License Renewed/Cancelled? Hello, my license was issued in 2016 and the title is ‘muazzif istakbal’ now i am moving to another company where the title is going to be ‘mushirf baya- sales supervisor’ the ... September 17, 2019 0 1676 Category: Driving License
3-persons-charred-to-death-in-4car-tragic-collision_kuwait
3 Persons Charred To Death In 4-car Tragic Collision A four-vehicle collision on the Fahaheel Road opposite Abu Halifa resulted in the death of three unidentified persons after their vehicles caught fire, reports Al-Rai daily. Acting on information fire... September 17, 2019 0 1341 Category: Crime News
asian-maid-insulted-kuwaiti-woman_kuwait
Asian Maid Insulted Kuwaiti Woman An unidentified Kuwaiti woman, who is believed to be in her 40s, has filed a complaint with the police accusing an Asian maid of entering her home without her consent and insulting and verbally abusin... September 19, 2019 1 731 Category: Crime News
kuwaiti-government-has-advised-citizens-and-residents-to-rely-on-the-state-official-news_kuwait
Kuwaiti Government Has Advised Citizens And Residents To Rely On The State Official News The Kuwaiti government has advised citizens and residents to rely on the State official sources to get credible and accurate information, especially on the situation in the region. In a press state... September 20, 2019 0 651 Category: Kuwait
20-times-the-salary-bank-promised-loan_kuwait
20 Times The Salary Bank Promised Loan I am facing an issue which seems to be some scam from one of the banks in Kuwait. However, I am not sure of it thoroughly. My wife recently applied for a bank loan from the bank through an agent fr... September 21, 2019 1 646 Category: Legal
saudi-presents-evidence-of-iran-hand-in-attack-on-oil-facilities_kuwait
Saudi Presents Evidence Of Iran Hand In Attack On Oil Facilities Saudi Arabia alleged on Wednesday that Iranian cruise missiles and drones attacked the heart of the kingdom's oil industry, showing journalists the remains of the weapons. Iran denies being involv... September 18, 2019 1 578 Category: International
View All
Popular Offers
grand-hyper-offers- in kuwait
Grand Hyper Offers
special-costo-offers in kuwait
Special Costo Offers
nesto-money-fest- in kuwait
Nesto Money Fest
super-saver in kuwait
Super Saver
weekly-offers in kuwait
Weekly Offers
Popular Events
21 Sep, 2019
0
128
Category : Food & Drink
01 Nov, 2019
0
126
Category : Music
04 Dec, 2019
0
125
Category : Exhibition
03 Oct, 2019
0
106
Category : Film & Media
23 Sep, 2019
0
103
Category : Food & Drink
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment
Entertainment