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Thursday , October 28 2021

10 years jail for a Kuwaiti and an Egyptian in money-laundering case

KUWAIT CITY, July 1: The Criminal Court, presided over by Judge Fawzan Al-Anjari, issued a new ruling in the cases related to real estate fraud. It sentenced a Kuwaiti citizen and an Egyptian expatriate to ten year imprisonment over charges of money laundering, fraud, and appropriation of Kuwaiti and Qatari funds for fictitious projects in Turkey and Germany, as well as embezzlement of funds worth two million and 682,000 Qatari riyals, 615,000 euros and 139,000 Kuwaiti dinars. The Public Prosecution had charged the defendants with money laundering 17,682,47 Qatari riyals, 139,000 Kuwaiti dinars, 615,000 euros and 24,000 Bahraini dinars, by intentionally possessing and acquiring these funds fraudulently By Jaber Al-Hamoud Al-Seyassah Staff

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