The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

NBK nearly employs Aussie embezzler

Gulf of credibility baulks Aussie banker: Australian banker attempts to avoid jail time and earn enough to repay embezzled funds by taking a position at the National Bank of Kuwait.

An Australian banker thought he had found a novel approach to avoiding a lengthy jail sentence – a job in the Gulf that was sufficiently well paid to enable him to refund a large sum he had stolen from his previous employer.

Jason Huigens, a chronic gambler, stole A$133,640 (US$95,822) in 2005 from St George Bank, where he worked as a liaison officer dealing with the bank’s large corporate clients, to pay for his addiction.

A Brisbane judge gave him permission to take up a A$190,000 job with the National Bank of Kuwait, and suspended sentence until his return in the second half of the year. There is no extradition treaty between Kuwait and Australia.

The judge took this unusual decision partly because gambling is banned in Kuwait. But the plan ultimately fell through – NBK apparently withdrew the job offer after having learnt of Huigens’ shady past.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree