Stolen Kuwaiti Money in Beverly Hills ‘Mountain,’ U.S. Says
- Former Kuwaiti defense minister allegedly took state funds
- Khaled al-Sabah sued ex-partners last year for $163 million
U.S. prosecutors said money misappropriated from the Kuwaiti Ministry of Defense was used to invest in a Beverly Hills, California, property once on the market for $1 billion.
The Justice Department on Thursday filed a forfeiture complaint against the so-called “Mountain,” a 157-acre undeveloped hilltop touted for its sweeping views, and other assets in California. More than $100 million illegally transferred by a former Kuwaiti Minister of Defense was used to invest in and buy the assets, according to the U.S. The minister was only identified in the complaint as “Official 1.”