Court acquits woman in usury, money-laundering accusation

KUWAIT CITY, Dec 19: The Court of Appeals upheld the verdict issued by the Court of First Instance which acquitted a Kuwaiti woman who was accused of usury and money laundering in the amount of KD 2,250,000.

The Public Prosecution charged her with crimes related to money laundering by intentionally possessing and acquiring the aforementioned amount with the knowledge that she had obtained it illegally through usury by lending the victim with an estimated interest, which was part of the condition for the amount to be deposited in the defendant’s local bank account.

Representing the defendant was Lawyer Abdul Mohsen Al-Qattan, who said the crime of lending at an obscene interest against his client was not valid, stressing that the case documents were devoid of conclusive evidence of the charges against his client and necessary evidence to back the accusation.

By Jaber Al-Hamoud Al-Seyassah Staff