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Kuwait Financier Facing U.S. Fraud Suit Found Dead.

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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-26-09 11:48 PM
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Kuwait Financier Facing U.S. Fraud Suit Found Dead.
A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector. . .

Braikan was the chief executive of Al Raya Investment, which is 10 percent owned by Citigroup Inc, and had been at the center of a financial scandal that erupted last week. . .

The U.S. Securities and Exchange Commission filed a lawsuit against Braikan and two other finance firms last week, accusing them of having improperly earned millions of dollars from trades in two U.S. firms, Harman International Industries Inc and Textron Inc.

http://nytimes.com/reuters/2009/07/26/news/news-us-harman-braikan-confirmation.html








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