The Kuwait Stock Exchange has called for a total suspension of any dealings with the International Investment Group, reported the Gulf Daily News on Thursday.
The move followed a decision taken by Kuwait’s prosecutor to alert the accountancy bureau to appoint a new board, said the paper.
It said the alert came in a circular from the Kuwaiti bourse, distributed in Manama through the Bahrain Stock Exchange.
The paper said that the Kuwaiti prosecutor had earlier issued an order banning the chairman and members of the International Investment Group from exercising their duties at the company.
The General Endowments Secretariat revealed in media reports that many complaints had been lodged against the group over the way it utilized its funds, the paper said – Albawaba.com
