Criminal Court acquits former MP on charges of money laundering

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KUWAIT CITY, Oct 31: The Criminal Court has acquitted a former MP of money laundering charges, reports Al-Rai daily.

The daily added the former parliamentarian was being tried for fraudulently selling fake real estate and hotels in various areas of Kuwait in Nuwaiseeb and Subbiya, in addition to cities in the Kingdom of Saudi Arabia and in Mecca and Medina – properties worth 188 million Kuwaiti dinars. However, the court found two expatriates guilty and imprisoned them for 7 and 3 years respectively with hard labor.

Lawyer Ali Al-Attar from Mishari Al-Osaimi Law Office had filed a civil claim on behalf of 360 victims. The prosecution accused the defendants of committing money laundering crimes.

The defendants were convicted after committing fraudulent crimes by selling the usufruct rights to fictitious real estate and hotels in Kuwaiti areas, in Nuwaiseeb and Subiyah, in addition to cities in the Kingdom of Saudi Arabia and in Makkah and Medina to the affected people through real estate exhibitions licensed by the Ministry of Commerce and Industry.

The defendants also committed money laundering crimes using their personal accounts and accounts of an engineering office and an exchange office for the purpose of concealing the money obtained through fraud.

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