When Leaders Land In Jail: Prominent Gulf Businesswoman Gets Ten Years, Vows To Appeal

By Andrew Cave

Marsha Lazareva, one of the most prominent foreign businesswomen in the Middle East, has vowed to appeal her conviction for misusing public funds in Kuwait after being sentenced to ten years hard labor.

The Russian national and mother of a 4-year-old stood trial on May 6 in relation to her position as chief executive and vice-chairman of private equity group KGL Investment (KGLI).

Lazareva, who has led KGLI since 2007, was found guilty in Kuwait City of illegally taking Kuwait Port Authority monies. She continues to deny the charge.

Read the full story in Forbes.