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Friday , October 30 2020

Money-launderers buying invoices, bills from companies to justify their income

KUWAIT CITY, Aug 26: Sources have sounded the alarm about the recent ploy of the money launderers who have been under pressure to purchase invoices and bills from existing companies for a fee to justify their purchases and income in general, reports Al-Qabas daily.

The same sources added that renowned companies and individuals have provided invoices for the suspects for infl ating their assets, in exchange of KD 300 for each invoice of KD 20,000; KD 500 for invoices of KD 50,000 and KD 1,500 for KD 100,000.

They noted that these bills are officially issued, signed and sealed by the relevant authority to prove that the suspects made the purchase, contrary to the reality.

Sources indicated that investigation is underway for gangs involved in assisting those accused of money laundering, and the judicial authorities will be notified upon their arrest in order to cancel the invoices, which the suspects are attempting to procure to put legal cover for any suspected activity of money laundering and inflated assets.

The sources concluded “there are those who search for invoices related to the purchase of real estate. This is considered a useless attempt, because such issues receive great attention, given that they do not only tarnish the reputation of the individual, but also of the nation’s economy.

Therefore, the harm falls on everyone, and the matter must be dealt with at all cost”. They reiterated “we’ll not tolerate those attempting to outmaneuver the law”.

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