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Monday , January 18 2021

Kuwaiti acquitted in funds scam, money-laundering case

KUWAIT CITY, March 11: The Court of Cassation Tuesday acquitted a Kuwaiti citizen who was accused of public fund embezzlement, forgery and money laundering. He was earlier sentenced by a lower court to seven-year imprisonment, dismissed from his work, and imposed a fine of KD 180,000.

According to the case file, an officer from the Anti-Money-Laundering Department said Ministry of Awqaf and Islamic Affairs had issued an order for the transfer of KD 10,000 from its account to the account of a company in one of the local banks.

However, KD 100,000 was transferred because of typing mistake. They visited the Central Bank of Kuwait and met the employees involved in the transaction, who confirmed that the transaction was a mistake.

Since then, the employees in question were subjected to disciplinary measures for the mistake they committed by transferring KD 100,000 instead of KD 10,000.

Representing the defendant was Lawyer Tareq Al-Kharas who said his client had no criminal intent, and that the investigation report confirmed that his client and the bank employees had no prior relations. Also, the bank in question had affirmed that such error occurs from time to time.

By Jaber Al-Hamoud Al-Seyassah Staff

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