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Kuwait’s Public Institution for Social Security (PIFSS) said on Wednesday it had filed a lawsuit against UK asset manager MAN Group Plc and its subsidiaries.
The pension fund is seeking $156 million in compensation relating to secret contracts between MAN Group and a former PIFSS executive between 1996 to 2013, it said in a statement.
The lawsuit was filed with the UK's Supreme Court, the fund said in the statement.
(Reporting by Hadeel Al Sayegh; editing by Jason Neely) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))