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Kuwait pension fund files new complaint against wanted ex-chief

KUWAIT, June 10 (KUNA) -- Kuwait's Public Institution for Social Security (PIFSS) said on Monday that it has lodged a fresh complaint against its former director general Fahad Al-Rajaan on grounds that he misappropriated public funds.
The measure aims to protect public funds and is connected to a case involving the pension fund's investment in Abraaj Holdings company, read a PFISS statement.
PFISS has asked Abraaj Holdings to investigate any suspicious transactions with a link to its former director general, with the statement citing its incumbent chief Mishal Al-Othman as saying that the pension fund remains hot on the heels of Al-Rajaan.
"We have closely monitored this despicable crime committed on our funds as we seek to unravel the network responsible for this," Al-Othman said, vowing to use any evidence against Al-Rajaan.
In 2016, Kuwaiti officials accused him of using his position to embezzle vast sums of money, subsequently sentencing him to a 10-year prison term in absentia.
An international arrest warrant has been issued against Al-Rajaan. (end) amh.nam