7 expats get 10-year jail, 60 million dinars fine for ‘money exchange’ fraud

07/12/2023

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7 expatriate ‘money exchangers’ get 10 years behind bars, slapped with 60 million dinar collective fine.

KUWAIT CITY, Dec 7: In a significant legal decision, the Court of Cassation, under the leadership of Counselor Saleh Al-Muraishid, has issued a verdict sentencing seven expatriate “money changers” to 10 years in prison. Additionally, they have been collectively fined 60 million dinars. This ruling comes in solidarity with three exchange companies implicated in what is identified as the largest criminal organization involved in money laundering within the exchange sector in Kuwait.

This news has been read 7921 times!

07/12/2023