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CBK to monitor Investment Dar
- Kuwait: Tuesday, September 08 - 2009 at 08:48
The Central Bank of Kuwait has appointed a temporary monitor at Investment Dar beginning on September 8 to monitor the company's activities, KUNA has reported. The move was in response to complaints by Dar's shareholders and creditors that they have not received funds owed to them by the lender, CBK said. 'Chief among the monitor's duties will be to find out why Dar was not forthcoming with its 2008 financial statement as per required by CBK, and to examine minutely details of the company's restructuring plans,' the central bank is quoted as saying.
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StaffTuesday, September 08 - 2009 at 08:48 UAE local time (GMT+4)
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