UAE freezes assets of two former Ipic group officials -sources | GulfNews.com:
"The UAE Central Bank has told banks to freeze the assets of two former senior officials in Abu Dhabi’s state-owned International Petroleum Investment Co (IPIC) group, banking sources told Reuters.
In a circular, the central bank directed some major banks operating in the UAE to freeze the accounts of Khadem Al Qubaisi and Mohammad Al Hussaini and provide information about their deposits and transactions, the sources said.
The circular did not say why the central bank was taking this action, and the central bank did not respond to a Reuters email seeking comment on Thursday. The sources spoke on condition of anonymity because of commercial sensitivities."
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