+ A
A -
As a result of the defendants’ manipulative conduct, Qatar, and many investors suffered harm in New York. The manipulation involved a number of financial institutions, two of whom are already named as defendants in the legal action in New York, and Qatar may bring additional actions against other bad actors in due course.
“This financial market manipulation violated all norms of accepted conduct and will not be allowed to go unchecked. While the financial market manipulation failed in its efforts to undermine confidence in the Qatari riyal and Qatar, it nonetheless caused economic losses and Qatar is compelled to take the actions necessary to call to account the financial institutions that engaged in illegal market manipulation,” it said.
“This financial market manipulation violated all norms of accepted conduct and will not be allowed to go unchecked. While the financial market manipulation failed in its efforts to undermine confidence in the Qatari riyal and Qatar, it nonetheless caused economic losses and Qatar is compelled to take the actions necessary to call to account the financial institutions that engaged in illegal market manipulation,” it said.
