Senior govt official, son suspected of money-laundering referred for probe

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KUWAIT CITY, March 24: The Ministry of Commerce and Industry has issued a decision to refer two real estate companies and two other suspects (a prominent government official and his son) accused of money-laundering to the Public Prosecution, reports Al-Qabas daily quoting sources.

The sources pointed out that after checking the commercial register of two real estate companies and following up the sequence of entry and exit operations, the ministry was surprised by the existence of the name of a prominent government official and his son indicating that their departure from the two companies does not exempt them from ‘criminal suspicion’.

The sources asserted that the decision to refer the two real estate companies to the Public Prosecution also included the suspension of their activities in the market, and freezing of all transactions related to the Ministry of Commerce until the Public Prosecution and the Court look into the two complaints filed by the Ministry of Commerce.

The sources said that the new decision came after the audit and legal session, after the referral of the two companies to the Anti-Money Laundering and Terrorism Financing Department of the Ministry, and after the committee formed by the Ministry to follow such cases suspected the two real estate companies of committing crimes punishable by law.

This news has been read 14451 times!