LONDON, 11 Nov. - (ANA)Man Group Plc’s shares fell after a judge ruled it could have to pay around $155 million for its role in “corruption on a breathtaking scale” that siphoned $1 billion from a Kuwaiti state-run pension fund over decades.

 

The world’s largest listed hedge fund group was among dozens of defendants caught up in a sprawling London lawsuit over a bribery scheme orchestrated by the Kuwaiti firm’s now-deceased former director general, Fahad al Rajaan. 

 

Kuwait’s Public Institution for Social Security alleged that al Rajaan plundered the fund for years, extracting hundreds of millions of dollars in illicit payments from financial firms seeking its business.   - (ANA) -

 

AB/ANA/11 November 2026 - - -