Kuwait's Al-Raya Investment Co said on Saturday it has committed no violations after the U.S. Securities and Exchange Commission sued its CEO financier Hazem Khalid al-Braikan over suspicious stock trades.
"The board of directors of Al-Raya Investment Company has reviewed all pending issues related to the civil lawsuit against it, its chief executive and other companies by the SEC," Al-Raya said in a statement obtained by the news agency Reuters.
"The board ... confirms the correctness of these dealings made by the CEO on behalf of the company," added the company, which is 10 percent owned by Citigroup Inc.
No comments:
Post a Comment