The Kuwait Capital Markets Authority filed a report with the Prosecutor General concerning an alleged offence linked to a social media post on X that it says contained false claims and a derogatory comment about the authority. The report, filed on 22 January 2025, cites alleged crimes under Article 125 of Law No. 7 of 2010 on establishing the Capital Markets Authority and regulating securities activities, Article 209 of Law No. 16 of 1960 promulgating the Penal Code, and Item (5) of Article 21 of Law No. 3 of 2006 on press and publications, as criminalised by Article 6 of Law No. 63 of 2015 on combating cyber crimes. The authority stated that the defendant posted the content at 11:26 a.m. on 8 January 2025, comparing the CMA to a false body and intending to accuse it of not fully performing its supervisory role.
Kuwait Capital Markets Authority 2025-01-23
Kuwait Capital Markets Authority files report with Prosecutor General over alleged false and derogatory X post
The Kuwait Capital Markets Authority filed a report with the Prosecutor General about an alleged offence involving a social media post on X, which contained false claims and derogatory remarks about the authority. The report cites violations under multiple laws, including Article 125 of Law No. 7 of 2010, Article 209 of Law No. 16 of 1960, and Article 6 of Law No. 63 of 2015 on cyber crimes. The post, made on 8 January 2025, allegedly accused the CMA of failing in its supervisory duties.