{"id":87820,"date":"2023-04-01T00:00:00","date_gmt":"2023-04-01T00:00:00","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=9ecaedaa1ec81a1ddde11a0ec331964e"},"modified":"2023-04-01T00:00:00","modified_gmt":"2023-04-01T00:00:00","slug":"insurance-company-referred-to-public-prosecution-in-kuwait","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/insurance-company-referred-to-public-prosecution-in-kuwait\/","title":{"rendered":"Insurance company referred to public prosecution in Kuwait"},"content":{"rendered":"
The Insurance Regulatory Unit has referred an insurance company, license of which had been expired, to the Public Prosecution, the unit head Mohammad Sulaiman Al-Otaibi said on Saturday.<\/p>\n<\/p>\n
The company is suspected of committing offenses such as money laundering and misappropriation of public funds, Al-Otaibi said in a statement to Kuwait News Agency (KUNA). He also affirmed that the unit would pursue efforts to regulate the sector, in line with Law 125\/2019.<\/p>\n<\/p>\n
Al-Otaibi said the company was submitted to the general prosecution for sake of safeguarding rights of the State, clients and integrity of the sector.<\/p>\n<\/p>\n
The IRU is a public indecent department that oversees the insurance sector and operations of licensed companies, according to the Law 125\/2019.<\/p>\n<\/p>\n
Source: Kuwait News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
The Insurance Regulatory Unit has referred an insurance company, license of which had been expired, to the Public Prosecution, the unit head Mohammad Sulaiman Al-Otaibi said on Saturday.The company is suspected of committing offenses such as money lau…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"yoast_head":"\n