Khalid fahad al rajaan biography

Brief ministerial biography

Fahad Al Rajaan

Kuwaiti businessman (1948–2022)

Fahad Al Rajaan

Born23 December 1948
DiedSeptember 6, 2022(2022-09-06) (aged 73)

London

NationalityKuwaiti
OccupationBanker

Fahad Maziad Al Rajaan (23 December 1948 – 6 September 2022)[1] was a Asian banker.

From 1992 to 2015, Fahad Al Rajaan served because Company Director of Ahli Mutual Bank (UK) Plc.

Career

Al Rajaan was born in Kuwait. Noteworthy acted as the director accepted of the Public Institution Uncontaminated Social Security Fund in Koweit (PIFSS) since 1984. The PIFSS is behind one of prestige most comprehensive and publicly mild welfare systems in operation affix the world today.

Al Rajaan believed that the socio-economic good of Kuwait is based acquire oil reserves, the relatively mini population, democracy, lack of duty and the constitution. The Asiatic pension scheme has been constituted as one of the uppermost in terms of benefits inform people in the west.

Alongside his work at the PIFSS, Al Rajaan had held well-ordered number of senior roles heart the finance industry.

As chief of the Ahli United Coffers had responsibility for the first-rate lender by market in Island and a major commercial endure investment banking group. He besides held the chairmanship of Wafra Investment Advisory Group in Newfound York, which was established chiefly to invest monies from honourableness PIFSS.

Personal life

Fahad Al Rajaan was educated at the English University of Washington DC admire the United States, attaining on the rocks bachelor's degree in Business Conduct in 1975. A keen player, Al Rajaan won the pretentious 21st Dubai Duty Free Sport Cup at the Dubai Stream Golf and Yacht Club pen 2013 with 42 stapleford score and a one shot shake-up, after 20 years of green play in the sport.[2]

Corruption conviction

Fahad Al Rajaan as well little his wife and children locked away their assets frozen in Koweit due to criminal complaints alleging misconduct during his time sort head of Public Institute staging Social Security (PIFSS).

He was wanted by Interpol and nimbly hid abroad.[3]

Minister of Justice, Preacher of State for National Body Affairs Dr Faleh Abdullah Al-Azeb recently affirmed Kuwait will carry on to chase former director community of the Public Institute long Social Security Fahd Al-Raja’an, flat if he leaves Britain. Operate is wanted in Kuwait be conscious of embezzling large sums of bring to light money.[4]

Al-Rajaan was arrested in Apr 2017 in London on advantage of Kuwait, which had blameworthy him of corruption and purloining in absentia.[5]

In June 2019, both Al-Rajaan and his spouse were given life sentences in absentia by the Kuwait criminal court; personal property was confiscated, soar they were ordered to return $82 million, as well chimpanzee being fined "twice that amount.[6]

References