Tragedy: Kuwaiti Financier Hazem Al-Braikan Found Dead (Re-post)

We, at Alpha Dinar, were shocked with the death of the young Kuwaiti financier Hazem Al-Braikan (36 yrs old). We send all of our thoughts and condolences to his family and friends.

According to various confirmed reports, Mr. Al-Braikan was found shot dead at his house in Roudha, Kuwait. An employee at Al-Raya said Al-Braikan had not come to work on Sunday. The employee continues, ”We are shocked. Everybody is shocked. We called his brother, and he confirmed the news. Hazem was at the office yesterday until 7 or 8 at night.” Shiny Rajan, a secretary at Al-Raya elaborated, “Everybody is shocked. We can’t accept it. We celebrated his 36th birthday last week.” Various media and police allegations suggest it was suicide. However, we will not comment/discuss such allegations out of respect for the deceased, his family, and his loved ones.

Kuwait’s Interior Ministry said it was investigating the death of Al-Raya Investment Company’s CEO, Hazem Khaled Al-Buraikan, who passed away in his house in area of Roudha on Sunday. A ministry statement said it would not release any information or statement over the cause of Al-Buraikan’s death until investigators gather all necessary information and completion of investigation. The Directorate General of Criminal Evidence and other specialized bodies are examining the scene of the incident, said the statement.

Mr. Al-Braikan was the Vice Chairman and CEO of Al-Raya Investment Co. (10% owned by Citigroup). Last week, the SEC charged Mr. Al-Braikan, United Gulf Bank, KAMCO, and Al-Raya over false news trading (click here for details). The day before his death, Mr. Al-Braikan declined to comment on the case stating, “I have nothing to say. It is in the hands of the lawyers now.” After several hours, he announced the appointment of a lawyer saying: “I would like to confirm on the soundness of my legal situation.” Also, Al-Raya Investment Co. denied the fraud allegations and reinstated its full confidence in Mr. Al-Braikan.

What happened will remain a mystery that will take time to unfold. More importantly, what happened is a tragedy. We at Alpha Dinar will refrain from commenting on the possibility of suicide and other inconsiderate details of Mr. Al-Braikan’s death. We will only say God bless him and send our deepest condolences to his loved ones.

P.S. Any offensive/inconsiderate comment will be deleted.END

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