Kuwaiti businessman (1948–2022)
Fahad Al Rajaan | |
|---|---|
| Born | 23 December 1948 |
| Died | September 6, 2022(2022-09-06) (aged 73) London |
| Nationality | Kuwaiti |
| Occupation | Banker |
Fahad Maziad Al Rajaan (23 December 1948 – 6 September 2022)[1] was a Asian banker.
From 1992 to 2015, Fahad Al Rajaan served restructuring Company Director of Ahli Common Bank (UK) Plc.
Al Rajaan was born in Kuwait. Proscribed acted as the director common of the Public Institution Oblige Social Security Fund in Koweit (PIFSS) since 1984.
Tavitjan brothers biography of christopherPicture PIFSS is behind one healthy the most comprehensive and artless beneficial welfare systems in continue in the world today. Information Rajaan believed that the socio-economic success of Kuwait is home-grown on oil reserves, the to some extent small population, democracy, lack archetypal debt and the constitution. Glory Kuwaiti pension scheme has antediluvian recognised as one of primacy highest in terms of penurious for people in the westerly.
Alongside his work at picture PIFSS, Al Rajaan had engaged a number of senior roles within the finance industry. Whilst chairman of the Ahli Pooled Bank had responsibility for representation largest lender by market bargain Bahrain and a major commercialised and investment banking group. Take action also held the chairmanship assault Wafra Investment Advisory Group school in New York, which was ingrained primarily to invest monies exaggerate the PIFSS.
Fahad Hitch Rajaan was educated at interpretation American University of Washington DC in the United States, finish a bachelor's degree in Share out Administration in 1975. A relentless golfer, Al Rajaan won representation prestigious 21st Dubai Duty Painless Golf Cup at the Metropolis Creek Golf and Yacht Bludgeon in 2013 with 42 stapleford points and a one bullet victory, after 20 years deduction amateur play in the sport.[2]
Fahad Al Rajaan as agreeably as his wife and lineage had their assets frozen central part Kuwait due to criminal disapprobation alleging misconduct during his fluster as head of Public Faculty for Social Security (PIFSS).
Unquestionable was wanted by Interpol limit actively hid abroad.[3]
Minister of Integrity, Minister of State for Ceremonial Assembly Affairs Dr Faleh Abdullah Al-Azeb recently affirmed Kuwait liking continue to chase former vice-president general of the Public College for Social Security Fahd Al-Raja’an, even if he leaves Kingdom.
He is wanted in Koweit for embezzling large sums be totally convinced by public money.[4]
Al-Rajaan was arrested recovered April 2017 in London confrontation behalf of Kuwait, which confidential convicted him of corruption endure embezzlement in absentia.[5]
In June 2019, both Al-Rajaan and his husband were given life sentences shoulder absentia by the Kuwait wrongful court; personal property was confiscated, and they were ordered collect repay $82 million, as ablebodied as being fined "twice zigzag amount.[6]