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Prominent Kuwaiti family appeals Sarasin verdict in Dubai

A wealthy Kuwaiti family is appealing a verdict against them, following a suit the family brought against Sarasin-Alpen and Bank Sarasin, in Dubai.   The plaintiffs are Rafed Khorafi and relations. The appeal is being heard in the Dubai International Financial Centre (DIFC) court. The plaintiffs invested via Sarasin over US$74m in structured products resulting in heavy losses. The investments were made in…

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