Request of Mr. Fadel Haider Saud Al Hassan, Deputy Chief of Mission Embassy of the State of Kuwait, to put on hold or freeze the accounts opened in Philippine banks by a certain Mohammad Abdul Raouf Al-Sayad Moustafa Hashim

CIRCULAR LETTER Series of 1999

TO : Commercial and Thrift Banks

Quoted hereunder is a letter from Mr. Reynaldo V. Velasco, Police Director, Director for Plans and Head, NCB Secretariat, dated 28 May 1999, regarding the request of Mr. Fadel Haider Saud Al Hassan, Deputy Chief of Mission Embassy of the State of Kuwait, to put on hold or freeze the accounts opened in Philippine banks by a certain Mohammad Abdul Raouf Al-Sayad Moustafa Hashim under his real name, other assumed names, and other joint accounts opened with his wife, Ms. Eliza Sermona:

"This has reference to the letter of Fadel Haider Saud Al Hassan, Deputy Chief of Mission Embassy of the State of Kuwait, Manila dated 27 May 1999 informing IP Manila on the arrest of a certain Mohammad Abdul Raouf Al-Sayad Moustafa Hashim.

Subject person has been arrested in Egypt and is now under the custody of the Egypt International Police (INTERPOL). He was arrested for embezzlement of funds from the account of the Organization for the Orphans in the National Bank of Kuwait through illegal transfer of funds.

Furthermore, he also confessed to having deposited part of his loot in several banks in the Philippines opening a number of accounts under his real name and other assumed names. Reportedly, one account is a joint account with his wife, Ms. Eliza Sermona.

Attached for your reference is the letter from the Embassy of Kuwait with the list of Philippine banks where he allegedly made deposits.

In this regard, the Embassy of Kuwait is requesting assistance to put on hold or freeze the accounts pending the resolution of the cases against the subject."

For your information.

(SGD.) ALBERTO V. REYES Deputy Governor