A Dubai International Financial Centre (DIFC) court heard appeals yesterday from three members of a prominent Kuwaiti family who say they lost US$75 million (Dh275.4m) due to fraud and the misrepresentation of “safe” investments.
Rafed Khorafi and his wife and mother are seeking triple damages, or $225m, under DIFC laws covering improper financial advice.
The family are trying to have an earlier decision by the court to strike out their claims reversed."
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