Under Palace Arrest
KUWAIT'S ROYAL FAMILY IS RETALIATING AGAINST RELATIVES who may have jeopardized the country's financial stability. At least two low-ranking members of the SABAH FAMILY are under house arrest in Kuwait, their assets frozen. They are among royals accused of depleting the funds of the Kuwait Investment Office in London, which managed about $35 billion of the country's $90 billion in reserves. During the 1980s, according to an insider with close knowledge of the fund, royals lost about $10 billion in unauthorized deals that failed, kickbacks to relatives and other questionable withdrawals. Top family members allegedly participated in the scams.
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