The Carlyle Group's sales "puffery" on Carlyle Capital Corporation (CCC) occurred in Kuwait. CCC was based in Guernsey in The Channel Islands.
Arab money got angry at Carlyle for their series of failures leading to the financial crisis. Billions in PEU distributions in the last year may have assuaged Arab anger against Carlyle, yet Kuwaiti investors remain perturbed.
WaPo reported:
A Kuwaiti company suing the Carlyle Group over a $25 million investment that went bad is now accusing the private equity firm of marketing the deal without a license as it seeks to have its case heard in Kuwaiti courts.Carlyle doesn't follow the rules. It makes them. Apparently, Arabs have more to learn about our PEU world.
