Kuwait: Law on the Protection of Public Funds Available to Purchase

Certain violations against Kuwait Public Funds (PFs) had occurred during and prior to the invasion of Kuwait, especially abroad, by Kuwaiti and non‐Kuwaiti nationals, when some of the public servants or such employees, who were authorised to administrate Kuwaiti companies abroad, had embezzled public funds, or conspired to obtain benefit in an illegal manner. Consequently, Kuwait has lost approximately $6bn.