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Wednesday , August 21 2019

Court sets April 29 hearing in T-Mas scam case – Expats and a Kuwaiti involved

KUWAIT CITY, April 22: The Court of Cassation set April 29 for hearing the appeal filed by TMas Real Estate Company over real estate scam and money laundering in which a Kuwaiti man and 14 expatriates were sentenced to various years in jail – ranging from five to 10 years – with KD5,000 fine.

It will be recalled that the Court of Appeals set aside ruling of the Court of First Instance, which sentenced the expatriates to five to 10 years in prison with KD5,000 fine over allegation of fraud and laundering of KD109 million.

All the convicts were staff of T-Mas Company and its subsidiaries. The court also upheld decision of the Prosecutor General that seized assets of T-Mas and other companies, including the chief executive officer of the company. One of the defendants was sentenced to two years in prison with KD100,000 fine and two others were sentenced to one year in jail and fine of KD50,000 each while 16 others were acquitted.

By Jaber Al-Hamoud Al-Seyassah Staff

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