Rs 2300 cr remain unclaimed in Kuwait banks for years
Kuwait City: More than KWD 10 crore remains unclaimed in various banks in Kuwait, it is reported. About Rs 2300 crore remains unclaimed in the banks for many years and nobody has raised claim for the amount.
The money is the cash dividend from various companies listed and non-listed in the stock exchange. The amount is credited to the bank accounts, but none of the account holders have approached the banks claiming the money for over 10 years.
Most of the account holders invested in share market as a safe investment. But it seems that they forgot about their investment and the dividend multiplying over years. The heirs of the persons also might be uaware of the amount.