Sunday Hearing in Kuwait May Decide Fate of Imprisoned CEO
By David A. Patten
June 5, 2019
Stunning developments in the case of a Wharton Business School graduate and investment-firm CEO imprisoned in Kuwait for over a year despite posting $36 million in bail have left her high-powered defense team optimistic she could soon be released.
Marsha Lazareva is an international business woman and mother who was convicted of billing the Kuwait Port Authority for work that was not actually done. She was provided no opportunity to present her defense at that trial.
In March, the Kuwaiti Court of Arbitration confirmed her KGL Investment Co. had in fact completed the work. Then in May, Kuwait’s Court of Appeals nullified her original conviction due to improper judicial procedures.
The court ordered her to be set free, but hiked her bail to a staggering $60 million. Kuwait’s attorney general has refused to release her without that payment.