Court extends Kuwaiti’s assets freeze

A US court has extended a temporary freeze on the assets of a Kuwaiti businessman who was found dead two weeks ago after being accused of planting false stories about takeovers of US companies.

A US district court judge in New York has granted a revised asset freeze against Hazem Khalid al Braikan, who was found dead in an apparent suicide at his home in Kuwait last month.

Mr al Braikan died just days after the US Securities and Exchange Commission (SEC) filed the stock-promotion suit against him but the case is continuing despite his death.