Ar­rest war­rant out for Ra­jaan

Kuwait Times - - FRONT PAGE -

KUWAIT: The pub­lic pros­e­cu­tion has is­sued an in­ter­na­tional ar­rest war­rant against for­mer gen­eral di­rec­tor of the Pub­lic Institution for So­cial Se­cu­rity Fa­had Al-Ra­jaan af­ter a prison sen­tence was handed in ab­sen­tia against him on charges of ma­nip­u­la­tion of the institution’s funds. The pros­e­cu­tion said in a state­ment that it had con­cluded in­ves­ti­ga­tions into the case in­volv­ing Ra­jaan and an em­ployee for “in­flict­ing grave harm on the funds” of the institution. The pair are charged with breach­ing the institution’s law and the fi­nance min­is­ter’s de­ci­sions and us­ing the institution’s funds in high­risk in­vest­ments and spec­u­la­tions, thus lead­ing to heavy losses and un­der­min­ing the “state’s fi­nan­cial sta­tus”. It said that an in­ter­na­tional de­ten­tion war­rant has been is­sued against the fugi­tive Al-Ra­jaan and has or­dered his im­pris­on­ment in ab­sen­tia.

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