Fahad Al Rajaan, Bernie Madoff of the Middle East, defrauded country of Kuwait of 300 million dollars, dies in London where he was being prosecuted

basquebromance

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Nov 26, 2015
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Fahad Al Rajaan as well as his wife and children had their assets frozen in Kuwait due to criminal complaints alleging misconduct during his time as head of Public Institute for Social Security. He was wanted by Interpol and actively hid abroad

Minister of Justice, Minister of State for National Assembly Affairs Dr Faleh Abdullah Al-Azeb recently affirmed Kuwait will continue to chase Al-Raja’an, even if he leaves Britain. He is wanted in Kuwait for embezzling large sums of public money.

Al-Rajaan was arrested in April 2017 in London on behalf of Kuwait, which had convicted him of corruption and embezzlement in absentia.[

In June 2019, both Al-Rajaan and his spouse were given life sentences in absentia by the Kuwait criminal court; personal property was confiscated, and they were ordered to repay $82 million, as well as being fined "twice that amount



 

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